When the Fed bailed out the banks in 2008, flooding the system with trillions, you just knew high inflation would be the result. It just had to happen! The government jumped in, borrowing trillions more at historically low interest rates. Not willing to let rates rise to free market levels, the Fed simply created money for the government and put […]
» Read moreJanuary is time to look ahead for the year. Sadly, way too much depends on the Federal Reserve and world central banks. Michael Howell writes: “It has been a bleak year for many investors. Global investors have lost $23tn of wealth…so far in 2022. …. That is equivalent to 22 per cent of global gross domestic product” When bureaucrats create […]
» Read moreSince the 2008 bank bailouts, market volatility has been the daily challenge for all investors. Inflation is sky high, the Fed is slowly raising rates, hoping to bring it back to their 2% target. Interest rates are still below the rate of inflation. Stock jockeys and academics are screaming, 2% is just too hard – calling Fed head Jerome Powell […]
» Read moreFormer colleague John Mauldin writes, Higher for Longer: (emphasis mine) “There is this constant argument that Jerome Powell is somehow going to pause after the next rate hike, and then begin to cut rates in the late spring or summer because the economy will soften and inflation will have returned to the Fed’s target range. Bottom line up front: I […]
» Read moreA Note From Dennis: Each year I write a mentoring letter for the holidays, hoping readers will forward it to their family and friends. This was written in 2019. With many new readers, I wanted to run it again. I feel it is still very appropriate today. EARLY FALL 2008 – It was my 50th high school class reunion; a […]
» Read moreIn our recent interview with Chuck Butler, we discussed the challenges of “locking in” safe interest income. The challenges are tough: Beating inflation. Currently inflation is around 8%. If your interest rate is below the inflation rate, your money will buy less when the bond or CD matures. Market timing. Locking in rates makes sense when you are near the […]
» Read moreAs children, our elders programmed us with certain “core” beliefs. As adults, finding contrary evidence to those beliefs creates discomfort called “Cognitive Dissonance.” Psychology Today defines: “Cognitive dissonance is a term for the state of discomfort felt when two or more modes of thought contradict each other. The clashing cognitions may include ideas, beliefs, or the knowledge that one has […]
» Read moreGood friend and bond expert, Chuck Butler recently mentioned: “And someone somewhere, somehow is buying the 10-year Treasury, and the yield on the bond is slipping again, with it trading with 3.73% yield this morning.” MSNBC provides a graph of yields leading up to Thanksgiving week: Yields were at a high of around 4.2% and closed out the week at […]
» Read moreSubscriber John H. is Canadian. He regularly posts inspirational messages on a tree stump which is much appreciated in his neighborhood. It should resonate everywhere! I was pleased he gave me permission to share it. (I cropped off his last name to protect his privacy.) Happy Thanksgiving to All. May You Take-a-Moment to do one or more of the […]
» Read moreI dislike feeling rushed to meet a deadline. When I started Miller On The Money, I promised myself I would write a couple weeks in advance to avoid the deadline pressure, I wanted this to be a fun adventure. I’m writing this just before the election. I can’t wait for it to be over with, I’m fed up with the […]
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