NOVEMBER 2018 In the 1985 film Cocoon, alien life makes its way to earth and provides a way for residents in a retirement home in St. Petersburg, Florida to be rejuvenated and young again. We have relentlessly warned our clients, listeners and readers over the years about the impending financial issues facing Social Security, pensions and retirement […]
OCTOBER 2018 “Insurance is something you buy in case bad s__t happens.” Chris Rock Nobody wants to think about bad things happening to themselves or loved ones. However, we are naïve and irresponsible to pretend that they cannot. Having watched too many family members end up in elder care facilities and witnessing what that entails plus the […]
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 […]
