19 Jul 2017

Wall Street’s Continued Self Delusion

        For highly-trained and well-compensated financial experts who routinely delve into the outer limits of stochastic calculus, Black Scholes and Finite Difference Method techniques of numerical options pricing, Wall Street does a lousy job of gauging public opinion. Like most people who have to give self-evaluations and

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11 Jul 2017

How College Debt Creates Indentured Servants

[sgmb id=”2″] It’s no secret that college debt is a major factor preventing millions of grads from making a down payment on a house.  It’s also no secret that college debt is at its highest levels than any other time in U.S. history. The surprise is that high housing debts

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22 Jun 2017

How Bond Traders Lied in the 2008 Housing Recession

[sgmb id=”1″] This site has never printed an entire news article from another site, but this is a great story about how bond traders lied during the 2007-2008 housing fraud that led to the financial crash. That housing crash was the result of top-down and bottom-up fraud involving realtors, mortgage

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02 Jun 2017

Concerned About Jobs for the 21st Century? What About Retirement?

[sgmb id=”2″] Robotics, automation, globalization, the Uber and gig economies have all captured the attention of anyone planning a career or their life over the future decades, but what is missing is the link between these new definitions of work and what happens when work ends. It would be logical

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05 May 2017

Baby You Can Drive My Car Because You Don’t Have One

[sgmb id=”2″] Looks like it is official: The consumer purchasing frenzy is slowing down and one of the biggest victims is auto sales. According to Yahoo News, after eight years of strong sales, auto lending is slowing down as missed payments rise. That’s partly because subprime loans to people with

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30 Mar 2017

Don’t Recognize the Republican Party Today? Here’s Why: It’s the John Birch Society

[sgmb id=”2″] Many veteran political observers say they cannot recognize the Republican Party  that elected Donald Trump. They should not be surprised. The reason is that it is not the Republican Party. It is the party of the John Birch Society that morphed itself into the far-right Libertarian Party. This is

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10 Mar 2017

Fantasy Financial Planning in the Trump Era

[sgmb id=”1″] Face it: Financial planning in Trump world  hinges on politics, not investing.  This makes it more important than ever for people  providing financial advice to tell clients about the implications of political decisions made in Washington and less about the basics of investing. By now, everyone has heard of the

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24 Feb 2017

The Darkest View of Retirement and Income Inequality

[sgmb id=”2″] An earlier post on this site (Feb. 23, 2017) pointed out the retirement crisis in America is not getting any attention. But just because it is not getting noticed, it does not mean the crisis will go away. On the contrary, it will only get worse, aggravated by the nation’s wealth gap and attempts to alter

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23 Feb 2017

What Retirement Crisis Are You Talking About?

[sgmb id=”2″] The financial media operates 24 hours a day and despite the proliferation of company, market and economic news and endless commentary, financial journalists are avoiding any discussion about the biggest financial crisis facing every American: the retirement crisis. Politicians don’t want us to talk about it since this is the ultimate form of

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08 Feb 2017

John Birch-Neoliberal Political Policies Ascend Under Trump

      Most average investors don’t know about the political philosophy of neoliberalism, but they would recognize its main ideas since they see them everyday in Washington. Since it re-emerged after World War II, neoliberalism (the 20th century resurgence of 19th century ideas associated with laissez-faire economic liberalism), the

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