OCTOBER 2018 A recent survey of American adults showed that two-thirds are quite concerned about having enough money saved for retirement by their desired retirement age based upon their current rate of savings. Americans have an average of $84,000 saved for retirement, and about a third have less than $5,000 socked away. This is not surprising, […]
Don’t doubt me. I cannot revel in self-righteous, pat-myself-on-the-back behavior after witnessing another prediction of mine becoming reality. In my opinion, it is in particularly bad taste and bottom barrel decorum to celebrate when bad things are happening even if I did give everyone a heads-up. We are living in an alternative universe when it […]
“The saddest thing in life is wasted talent.” Lorenzo Anello (Played by Robert De Niro from the film A Bronx Tale) If I were to tell you in 1975, 1985, 1995, or 2005 that in 2016 the United States of America would be an energy powerhouse exporting oil and natural gas around the globe. […]
Jonathan Swift modeled his classic novel Gulliver’s Travels to satirize life in his time. The Lilliputians and their Kingdom of Lilliput were a study of what life was like in England. In the novel, the Lilliputians were all of six inches in stature, however possessing all the haughty pretention and self-importance of full-sized men. Adjectives […]
APRIL 2014 “Reaganomics means you start a business in your garage; Obamanomics means you move into your parents garage.” Senator Ted Cruz I did an interview post election back in November 2008 and was asked what I thought Americans could expect as far economic growth under President-Elect Barrack Obama. The metaphor I used to describe […]
DECEMBER 2013 Many years ago on my radio show, I tried to articulate the aura of invincibility that many in power claim to wield by utilizing and comparing them to the King in the children’s nursery rhyme, Humpty Dumpty. “All the kings horses and all the kings men couldn’t put Humpty together again.” Try to […]
OCTOBER 2013 Correct me if I am wrong, but did we not just get ourselves out of a housing/credit crisis that was fueled in part by really dumb government policies? There was dumb, and now there is dumber. One would like to believe that in the wake of dumb and destructive policies the government might […]
NOTHING contributes so much to the prosperity and happiness of a country as high profits,” proclaimed David Ricardo, an early-19th-century economist. If so, America is in a miserable state: corporate profitability has fallen to its lowest level since the depression of the 1930s. In the third quarter of this year, the pre-tax profits of non-financial […]
JULY 2013 The story goes that Benjamin Franklin emerged from Independence Hall in Philadelphia, on September 18, 1787 and was approached by a woman. She asked… “Well Doctor, what do we have a republic or a monarchy?” Franklin replied, “A republic if you can keep it.” Benghazi, the Internal Revenue Service, the National Security Agency, […]
APRIL 2013 I read it, but I didn’t believe it. President Barrack Obama has decreed April, “National Financial Capability Month.” This administration with all its knowledge and insight, will do things such as teach our nation’s youngsters “how to budget responsibly.” Obama’s Official Proclamation… “I call upon all Americans to observe this month with programs […]