The last time I went for a physical examination the nurse who was taking blood samples and updating my medical record was shocked when I reported I was not taking any prescription medications other than an oral inhaler for seasonal asthma. Aside from being a medical freak, I got the feeling from her there were […]
Binge Watching Hallmark Channel Is Bad for Your Health… Read More »
In the US we rarely think about currency because ours is the reserve currency of the world. Oil is priced in US Dollars. Many loans to emerging countries are denominated in dollars to hedge against currency devaluations. For a long time the Chinese Yuan was pegged to the dollar. Bretton Woods Established The Dollar Dollar
Currency Matters- Just Ask The Turks Read More »
The moon tides in Maine this summer reminded me about risk in investing. Normal tides can be 8-9 feet but a few days every several months the tides change by 12-13 feet. Your complacency spikes when almost every dangerous shoal and rocky point has 25% more water than during a normal tide. Conversely, ebbing tides
In a recent article in Barrons “What To Do With Excess Cash” Abby Schultz points out there is an interesting trend among high net worth investors to hold a high percentage of their investable assets in cash or cash equivalents: “According to Federal Reserve figures, retail investors had about 18% of their assets in money
Cash On The Sidelines Read More »
You don’t hear much about the financial status of the retiring baby boomers. Maybe that is because the news is pretty scary. I picked up on this by reading Ballmer’s USA Facts. More recently the Wall Street Journal in an article by Heather Gillers, Anne Tergesen and Leslie Scism in the June 22 edition suggests
Retirees Are Broke Read More »
USA FACTS is a not for profit organization created by Steve Ballmer, former CEO of Microsoft. As I have written in a prior blog, this is like Joe Friday “just the facts, Maam.” Here is how Mr. Ballmer describes his efforts: “If you’re interested in gaining insight on government by the numbers, look no further.
Ballmer’s Antidote For Fake News Read More »
Just recently I learned the $100 Bill has a new look. Series 2009A, the new look, was finally issued four years late in 2013 due to printing problems with the new security features. If you look at the new $100 bills, the left face looks like old money and the right half looks like new
Seignorage May Be Treasury’s Next Profit Center? Read More »
While Bitcoin, Blockchain, Ether, Ripple and endless initial coin offerings dominate the imagination of retail investors, there is an equally appealing, and even more disruptive, agricultural product arriving soon from Amazon on your doorstep. Cannabis will generate EBITDA margins and cash conversion percentages that make online sports gambling paltry by comparison. My prediction is that
One Toke Over The Line Read More »
The spring weather in Cleveland has been pretty awful and, while it is bad for your golf, tennis, biking and hiking, a cold and wet spring has been great for TV. My wife has been hooked on “Chopped” for several years and I have to admit it is fun to learn something about cooking. My
Central Bankers Don’t Get Chopped Read More »
I have a friend who has been a teacher for more than 20 years in Cuyahoga County. She is counting on her pension to navigate post retirement living for her and her husband who has also recently retired. Given all I have read and learned about the national problem with pension underfundings I asked her
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