The Fed Wants to INCREASE Unemployment

Here’s something I thought I’d never see.  It is from the Frederal Reserve Bank of San Francisco. Quoting from the third bullet point: The unemployment rate was unchanged in December from its November value of 4.1%. We expect the rate to fall below 4.0% in 2018 as the economy continues to strengthen. With the gradual […]

Don’t Trust Your Financial Adviser

Take it from me, as a former adviser and stockbroker: You cannot trust the expertise or intentions of most financial advisers. Let’s start with expertise.  The education and other credentials advisers possess vary radically, but most advisers simply aren’t good investors, whatever their credentials.  They aren’t worth listening when it comes to allocating a portfolio. […]

The Market Way of Thinking

There have always been people with a survivalist mentality who think some sort of supremely disruptive national emergency is just around the corner.  In the years following the financial crisis and Great Recession, more of these people have warned others to prepare as they do. It always pays to be prepared, but is it reasonable […]