Tax Reform is a Fiscal Stimulus

From January 30th, 2017 client presentation. Tax reform is a $1.5 Trillion stimulus. But it is selective. And, it will absolutely lead to higher deficits, a higher national debt, and probably a whole lot of political wrangling. Previously: Valuations high, but not as...
DID YOU KNOW THERE’S A BILLIONAIRE CENSUS?

DID YOU KNOW THERE’S A BILLIONAIRE CENSUS?

Last week, the fifth edition of the Billionaire Census was released. Apparently, the wealth of billionaires increased by 24 percent during 2017. In addition, the billionaire population, which had suffered reduced numbers since 2015, expanded. It now includes 2,754...
Too Much? Too Little? Or Just Right?

Too Much? Too Little? Or Just Right?

U.S. stock markets were relatively calm, although they finished the week lower. U.S. Treasury yields hit a 7-year high and finished the week above 3 percent. While these were notable, the most remarkable events last week occurred beyond our borders. These include: The...
Earnings Drive Stock Prices

Earnings Drive Stock Prices

From January 30th, 2017 client presentation. In the short term there are many many things that can push prices up and down. In the long term there is only 1 thing that matters. The markets are up and continue to rise because earnings continue to rise and may be...
Good Links

Good Links

We are what we think. We think what we read. Share the best bits. What are you reading? ICYMI: Last Week on GOOD LINKS. I can always get more money; but every minute that passes is GONE… forever. The relationship between time, money, and happiness. (Get Rich Slowly)...