What it takes to be a successful investor these days can be summarized in four words: bigger gambles, lower returns.  It used to be the case that reducing risk was accomplished by holding bonds.  Now the job of risk reduction has simply become more complicated. Former...

Source: Yahoo Finance In a move designed to help slash its huge debt pile, General Electric said it was freezing the pension plan for 20,000 U.S. employees with salaried benefits, according to Fox Business October 7, 2019. The company will also freeze supplementary...

In my earlier messages, I addressed President Donald John Trump’s assertion about the U.S. economy that, “This is the greatest economy that we’ve had in our history, the best.” Let me be clear, it’s not. Trump’s trademark hyperbole consistently takes favorable...

One of the reasons I talk with and follow David Stockman is because of his most interesting resume.  He worked in the government for twenty years to include being Director of the Office of Management and Budget under President Ronald Reagan.  After leaving the White...

Whether or not you thought a Fed move on interest rates would greenlight a brilliant move or cause for some improvement on the economic dial, this graph tells the whole story:What you see is an entrenched, self-interested, and Acela Corridor-dominated global elite...