Most older Americans can remember the days when the dollar was king. You could go anywhere in the world and dollars would be eagerly accepted. Goods and services could be…
Tag:
economy
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It shouldn’t come as a surprise that only about 10% of the U.S. population can pass a financial literacy test when only five states get an A on teaching young…
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It was not at all surprising to me to find out that 61% of Americans are financially illiterate. Some states are worse than others and it should come as little…
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Anyone alive back in the 1970s remembers the term “stagflation” that went around a lot in those days. Stagflation was basically an amalgam of the unemployment rate, plus the inflation…
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Yes, the double digit stock market increase gravy train is over, probably for a long time. What we’ll see instead are years of returns that are normal to slightly below…
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It’s risky calling ups or downs on the stock market because, to quote Jeb Bush, stuff happens. Were one to suggest that stocks are due for an irregular recovery the…
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If you have more than $1,000 in cash in a savings account, congratulations, you’re part of a thrifty minority in America. According to a survey by GOBankingRates.com and supported by…
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There are a lot of factors that feed into wealth and poverty. There’s an unfortunate tendency to look upon poor people and think that they are poor because they’re lazy…
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The stock market, for years a friend to anyone with money in the market, has now turned. Flat is the new up and down is the new normal. On the…
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Normally stocks zoom and the bond market waffles when the Fed puts off an interest rate hike, but today we see why investment advice always contains the phrase “past results…