If all you have is a hammer, everything looks like a nail!

Seniors, savers, baby boomers and retirees are constantly bombarded with financial information written by those wishing to sell their products or services. The readers are prospective nails; and the authors tout their particular hammer as the best solution to your financial challenges. Many have been credited for the above quote, including Mark Twain and Abraham Maslow. I prefer to use […]

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How Can A Company Give Away Their Product And Be Worth Billions?

In 2016, Facebook (FB) earned over $10 billion, while seemingly giving away their product. FB’s sales averaged almost 50% growth over the last 5 years. The current stock price tops $150/share – the market values the company in excess of $425 billion. That’s pretty heavy lifting for a company that went public just five years ago. Tech stocks mentality Investors […]

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Philly Soda Tax Is Fizzling Flat

What is it about politicians? When they have budget problems, their solution is to contrive all kind of excuses to create and raise taxes. Cost cutting is seen as performing an unnatural act. The newest gimmick is a “Soda Tax”, basically a tax on sugary beverages. Philadelphia started the trend. Their efforts are fizzling out and causing problems. Berkeley, San […]

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Games People Play

The games played by corporate America put Houdini to shame. Their illusions exclude the warning, “Don’t try this at home”, nor is it for entertainment purposes only. Corporate America and Wall Street encourage investors to buy overpriced stocks, while executives collect bonuses for lousy performance. Looking behind the curtain Generally Accepted Accounting Principles (GAAP) versus adjusted earnings. Many play this […]

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The Fed is Playing, “Pin The Tale On The Elephant!”

The Federal Reserve’s Zero Interest Rate experiment saved the banks and destroyed the retirement plans of many generations. Now they want to “normalize” things. Their solutions are ill timed and risky! When things collapse, President Trump will become a combination of Herbert Hoover and Jimmy Carter – blamed for the catastrophe. Democrats will be cheering, “Pin the tale on the […]

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The Bank Was Saved And The People Were Ruined – Part II

Despite Federal Reserve Chair Janet Yellen’s expression of confidence in raising the federal funds rates, the worst of the tragic consequences of the government bank bailouts is yet to come. Part II of “The People Were Ruined” is on the horizon, and “the people” are going to suffer dramatically. William Gouge (1796-1863) was credited with the famous quote. His premise […]

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Social Security, Robo-Advisers & Misinformation

For decades, every presidential candidate has vowed to “fix” social security, yet it never happens. In the meantime, workers have money deducted from their paychecks and retirees get paid. Is the system really broken? In a word – YES! While the politicians fiddle, the system continues to deteriorate. The challenge becomes more difficult because there is so much misinformation about […]

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