New Policies for Growth

 

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As the U.S. economy has slowly, steadily lumbered out of the Great Recession, the biggest drag on recovery has been housing. As you can see from the accompanying chart, existing home sales have never recovered their 2007 levels, despite several government stimulus efforts (which represent the spikes in the graph). […]

How Do the Markets Really Work?

 

We all do it. But what do we really know about investing? A recent post about investing wisdom features a lot of interesting (and often overlooked) facts and figures, plus some insights from Warren Buffett, Jeremy Siegel, William Bernstein, Nobel laureate Daniel Kahneman and a few economists you may have heard of.

Regarding market […]

Should We Fear—Or Cheer—Plunging Oil Prices?

 

Chances are, you’re celebrating today’s lower gas prices. AAA reports that the national average price of gas is $2.60 today, the lowest since December 2009. The result: an estimated $70 billion in direct savings for U.S. consumers over the next 12 months. At previous prices, the average American was spending about $2,600 a year […]

Making More, Giving Less

 

You probably read that Microsoft founder Bill Gates and Berkshire Hathaway founder Warren Buffett have pledged to give at least half their wealth to charity, and have convinced 38 other billionaires to do the same. From that, you might conclude that the wealthier people are, the more generously they contribute to philanthropic causes.

As […]

No Shutdown, No Problem

 

The good news from Congress this week is that it looks like the U.S. government isn’t going to have to shut down again due to partisan political bickering. Last week, literally at the last minute, on the day that current funding provisions would have expired, the U.S. House of Representatives created a new government […]