Tuesday, December 4, 2018
Thursday, November 29, 2018
the thinking is that middle America will take some heavy stock losses and blame Trump.
Friday, November 9, 2018
Thursday, November 8, 2018
Those who focus on the U.S. national debt (and I’m one of them) keep wondering how long this debt levitation act can go on.
The U.S. debt-to-GDP ratio is at the highest level in history (106%), with the exception of the immediate aftermath of the Second World War. At least in 1945, the U.S. had won the war and our economy dominated world output and production. Today, we have the debt without the global dominance.
The U.S. has always been willing to increase debt to fight and win a war, but the debt was promptly scaled down and contained once the war was over. Today, there is no war comparable to the great wars of American history, and yet the debt keeps growing.
In a new Weekly Standard article, the celebrated James Grant of Grant’s Interest Rate Observer reviews not only the current debt and deficit situation but provides an overview of the U.S. national debt since George Washington and Alexander
Saturday, November 3, 2018
Tuesday, October 30, 2018
Saturday, October 27, 2018
In 10 years or so, for most public employees, the concept of a pension will be fleeting. Blame it on gross (very gross mismanagement) and theft.
The best thing to do is take your lump sum and invest it where it won't get tapped again.
This is a very emotional subject, pensions. Politicians and unions promised pensions they had no way to fund for the last 40 years and the bill has come due. It’s not just bad for taxpayers, it’s bad for pensioners. If you think local governments won’t take away the pensions they promised, you clearly aren’t paying attention.
The face of retirement changed when Nixon took the dollar off the gold system. This was the beginning of the end of the economic stability of the American family. Since then, we’ve had three of the worst recessions since the Great
Friday, October 26, 2018
JUST IN TIME FOR THE ELECTION, NEXT UP A COUPLE OF BANKS HERE AND THERE.
No bull: More than two-thirds of the S&P 500's individual stocks are now either in a "correction" or a bear market.
More than 350 companies out of the 500 tracked by the S&P 500 index have lost more than 10 percent of their value since hitting their 52-week highs, according to a recent analysis from Reuters. Within that group around 180 stocks are now in bear market territory, with their shares having lost more than 20 percent of their value since hitting their 52-week high.
A bear market is one where stock prices decline at least 20 percent from their recent peak. A correction is when shares drop at least 10 percent from their recent highs. Shares on Thursday opened higher, regaining some of the ground lost earlier this week.
For some investors, the slump in S&P 500 companies' shares is a bright red flag. Their chief concern is that U.S. and global economic growth has hit itsand is already starting to weaken. Most economic forecasters, along with the Federal Reserve, think the hot economy is likely to cool in 2019, which could hurt corporate profits.
Friday, August 31, 2018
Monday, August 27, 2018
|IS HE A TAXER?|
SPRINGFIELD, Ill, (ILLINOIS NEWS NETWORK) – Gov. Bruce Rauner and Democratic challenger J.B. Pritzker have different ideas about how to tax motorists and raise money for road improvements around the state.
After his appearance at a forum this week in Normal for the Illinois Farm Bureau, Gov. Bruce Rauner told reporters Pritzker has a plan to tax drivers based on how many miles they drive.
“Pritzker has proposed a mileage tax on cars,” Rauner said. “He has proposed a tax, put a box in your car, measure your miles and pay a tax
Monday, August 6, 2018
People better hang on to their hats
People better hang on to their hats
Friday, July 27, 2018
Tuesday, July 24, 2018
Tuesday, June 19, 2018
Friday, June 8, 2018
Wednesday, May 23, 2018
Monday, May 14, 2018
Friday, April 27, 2018
|Not his fault|
Mayor Rahm Emanuel on Thursday blamed his predecessor and political mentor for the avalanche of tax increases needed to solve Chicago’s $36 billion pension crisis without uttering the name of former Mayor Richard M. Daley. | Max Herman/For the Sun-Times
Mayor Rahm Emanuel on Thursday blamed his predecessor and political mentor for the avalanche of tax increases needed to solve Chicago’s $36 billion pension crisis without uttering the name of former Mayor Richard M. Daley.
“I would love nothing else in my life if somebody else had done it. … The question isn’t what I did. Part of the question has to be what wasn’t done beforehand that required that action” the mayor said during a taping of the WLS-AM (890) Radio program, “Connected to Chicago,” to be broadcast at 7 p.m. Sunday.
“Had this been taken care of before, it would have been taken care of at a much cheaper price. People