“It became necessary to destroy the town to save it.” U.S. major talking about Bến Tre, Vietnam The Wall Street…
Place Your Bets
“What mighty Contests rise from trivial Things … ” Alexander Pope, The Rape of the Lock …
Five Reasons Why Wenning Advice Is Worth More Than Buzzfeed
You may have heard that Americans are now getting their news online, instead of reading it in newspapers. They’re not. Most of what appears online and is called “news” fits…
China’s Fix Could Break Things
Imagine if free markets were allowed to be free. Of course, in today’s world, they’re not. Central bankers and government agencies have taken control. Not knowing what to do with…
Maybe the Fed Is Just Lazy
Just last month we reported that the Federal Reserve Board’s policy statement was almost identical to its previous policy statement. Now the Fed has issued another policy statement – and…
Today’s Economic News: Woe Is Me
The summer weather and the media’s focus on positive economic news may have you feeling cheerier than usual these days. Two words: “Bah, humbug.” Or maybe, “Get real.” Focus, for…
Big Board Floored
The Big Board is not so big anymore. A decade ago, it accounted for 80% of stock trades. Today, it accounts for 20%. There are also far fewer publicly traded…
How to Retire Early – Part Two
In part one of “How to Retire Early,” we focused on the need to reduce expenses and control debt. Doing so can create the foundation for a retirement plan by…
What Yellen Should Have Said
The question reporters should be asking now is, what did the Federal Reserve Board’s Open Market Committee do for two days last week? The statement it issued based on its…
Habitat for Inhumanity
The idea was logical enough. Reduce interest rates, making housing more affordable, which would produce a recovery in the housing market. The housing market was at the heart of the…