Want a new car? Hang on it will get interesting.

Seniors and savers regularly lament the Federal Reserve’s Zero Interest Rate Policy when it comes to paying interest on their savings. At current rates a saver who has amassed $100,000 earns enough interest to buy a burger for lunch every day at your nearest fast food joint – as long as you skip the fries. While lenders are punished, borrowers […]

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Why would anyone want to run for president?

As I type, the news media is breathlessly awaiting the result of the Iowa caucus. It begins the ritual of citizens believing they are electing the most powerful person on the planet. Each candidate does the same dance. Like Paul Revere they shout that danger lurks ahead. Like Mighty Mouse, just in the nick of time, they are the best […]

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The GWOET Strikes Again!

Since the August stock market reversal all eyes have been on the Federal Reserve. What will the Federal Reserve (who are more aptly named the Grand Wizards of Economic Theory, or GWOET for short) do to fix the world? Like Merlin the Magician, what magic trick will they come up with to cure the economy, stock market, labor market and underfunded retirement […]

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Rope-a-dope Fed style – “I’m going to sting like a butterfly and float like a bee!”

In June the Federal Reserve announced no rate increase. In typical Fed doublespeak they dropped several hints. The original rope-a-dope man, Muhammad Ali, is probably rolling his eyes in bewilderment. Remember the Fed said they would hike rates when unemployment got below 6.2%. Oops! Too soon, and they waffled refusing to commit to further benchmarks. Last summer the Fed hinted the economy […]

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