Asset prices soaring to ridiculous levels, well beyond anything regarding true, intrinsic values creates a bubble. Eventually things come crashing down. Those holding overpriced assets lose a lot of money and the ripple effect can cause economic hardship to many others. Ozak Durmus tells us about “Tulipmania“: “Tulipmania was the first major financial bubble. It happened in Holland between 1636-1637. […]
» Read moreSince the repeal of the Glass-Steagall Act in 1999, the role of the Federal Reserve has changed. The Fed used to be owned by banks while high-risk investment houses were separated and not considered part of the banking system. Since the repeal, banks have consolidated where the top four banks now account for 50% of all US Banking assets. In […]
» Read moreWhat the heck is going on? In the fourth quarter, I was housebound due to medical issues. When cleared to travel in late December I bought tickets to spend Christmas with the grandchildren. I was shocked, airfares doubled over last year. Might it be because I was a last-minute flyer? When I booked our return flight, I learned that was […]
» Read moreThe public is on to the Fed’s inflation game! The Fed called it “transitory”. Baloney! The Fed announced: “…it is accelerating its removal of monetary support for the economy, citing a rise in inflation that has seen the biggest jump in prices nearly 40 years. In a move to cool growth, policy makers also said they expect to hike interest […]
» Read moreBest of Dennis… Dennis is tending to his health again but is on the mend and hopes to be back writing very soon. Here’s another article that is very relevant today and worthy of a re-read. This article was originally posted on April 5, 2018. Inflation Is Quietly Poisoning Your Retirement Nest Egg Remember how excited you were when you […]
» Read moreI like to close out each year with a mentoring article. Something from the heart, out of the mainstream, and lead into the new year on a positive note. MarketWatch labeled me a RetireMentor. I enjoy sharing my life experiences, good and bad, in hopes of helping others through their journey. I’ve had some medical challenges over the last few […]
» Read moreBest of Dennis… Dennis is tending to his health again but is on the mend and hopes to be back writing very soon. Here’s another article from almost exactly a year ago that I felt was relevant and worthy of a re-read. This article was originally posted on December 17, 2020. The Fed Doesn’t Have A Problem With Fake Money […]
» Read moreBest of Dennis… Dennis is tending to his health again and hopes to be back writing very soon. Here’s another article I felt was relevant and worthy of a re-read. This article was originally posted on September 9, 2021. When Does Inevitable Become Imminent? Jared Dillian’s “The 10th Man” article, “Coming Apart” grabbed my attention: “ZeroHedge is fond of saying: […]
» Read moreI watched a terrific webinar with friend Chuck Butler, Rich Checkan and Chris Blasi. I submitted a question; “Do you think interest rates will ever return to normal?” All emphasized we won’t see anything close to 5-6%, (the normal for decades) in our lifetime. It would take a “radical” change for worldwide governments to do so. Radical is defined: “very […]
» Read moreBest of Dennis… Dennis is still tending to his health and hopes to be back writing very soon. Here’s another article I felt was relevant and worthy of a re-read. This article was originally posted on March 14, 2019. Socialism: The Real Trickle-Down Economics While politicos like to call tax cuts “trickle-down economics”, the real culprit is socialism. The Robin […]
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