What is the Federal Reserve up to? Do they see a huge storm on their radar they are not telling us about? The banking/investment world has changed radically since the repeal of the Glass-Steagall Act allowing banks to merge with Wall Street investment firms. I recently asked, “Will The Next Bank Bailout Bankrupt America?” and followed it with “The New […]
» Read moreWith all the political hoopla going on sometimes it is hard to separate fact from fiction. In 2019 the Fed made a quick U-turn, from raising interest rates to cutting them. The stock market continues to hit all-time highs, and the drums are beating louder about when the stock market bonanza will end. Dr. Lacy Hunt is chief economist Hoisington […]
» Read moreI recently asked, “Will the Next Bank Bailout Bankrupt America?”. The casino banks risky derivative bets are much higher than the last bailout a decade ago. The risks will come home to roost and they will expect taxpayers to bail them out again. I concluded: “Keep and increase your gold holdings. True reform would take us back to the gold […]
» Read moreWikipedia tells us, “In the first Godfather movie, the ‘meeting of the Dons’ scene uses the Federal Reserve building exterior.” How appropriate! This Burning Platform “Quotes of the Day” grabbed me: “When we talk about company culture in the context of financial services, the first thing that comes to mind is the risky, unethical, and sometimes criminal behavior in the […]
» Read moreCan bank bailouts bankrupt America? Why would congress let it happen? In a recent Daily Pfennig, friend Chuck Butler tells about educating his grandsons about the worst president there has ever been: “…. I couldn’t let that one slip … I explained to them that Woodrow Wilson was the all-time worst president, … culminating with, he ushered in the Federal […]
» Read moreIn a yield-starved investment world, should investors be buying Real Estate Investment Trusts (REIT)? Can they bring solid, safe returns? Many investors love them, while some shy away. How volatile are they? How do you evaluate them? A subscriber recently asked a good question. He purchased a subscription from one of our trusted affiliates, The Dividend Hunter. He looked at […]
» Read moreMy instrument check ride was already scheduled when I got a call from Larry, my flight instructor. He told me to come out to the airport immediately, today would be one of the best learning experiences he could offer. It was a cloudy, soppy, rainy day; nothing going on, so I drove to the airport. Larry said today we would […]
» Read moreBest of Dennis… A Note from Dennis: I’m just finishing up my break for the holidays, but will be back next week! Hope you and yours had a safe and happy New Year! This article appeared on February 25, 2016. What Do You Want Your Legacy to Be? Many years ago a friend asked, “Wouldn’t you like to be a fly […]
» Read moreEARLY FALL 2008 – It was my 50th high school class reunion; a good turnout with classmates from all over the country. We had fun with old friends, catching up on the last 50 years. Ray P. donated the use of his country club for the big banquet, so everyone was dressed accordingly. My wife Jo and I were seated […]
» Read moreWhen it comes to true social security reform, forget about it. The politicos will never fix the real cause of the problem. If the Republican party tried to right the social security ship, the democrats and liberal media would roast them and they would be drummed out of office. On the other side, we hear candidates espousing more giveaway programs, […]
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