Category: Economics
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It’s Time for Obama to Spook the Oil Markets
The fate of the Obama presidency hangs not on a birth certificate or the red ink on the federal budget but by the hose nozzle of your local gas station. Electoral discontent is measured by the price of a gallon of gasoline. Heading past $4 toward $5, that is a lethal trajectory for President Barack…
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The Economics of Expectations
We are in the throes of a third wave. Instead of buying and selling assets one way (as tangibles) or the other (as symbols) – we increasingly trade in expectations (in other words, we transfer risks). The markets in derivatives (options, futures, indices, swaps, collateralized instruments, and so on) are flourishing. Economies revolve around and…
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The Shape of the World in 2020
World in 2020 image via Wikipedia None can foretell the future, and yet the shape of what we face can be shrewdly estimated with enough attention to historical trends; with broad contextual understanding; and with sufficient insight into the character of leaders, their societies, and the structures which define their basis. These estimates will be…
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Top 10 Errors Made by Financial Advisors and How to Avoid Them
Financial Advisers can have great opportunities and be real assets to their communities, but they can fall prey to avoidable mistakes. Mistakes 1 through 6 cover ethical concerns and 7 through ten cover business strategy and personal concerns. 1) Making uninformed judgements. In order to stop mistakes, be sure to double check appropriate rates and…
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Offshore Investing
One way to diversify your investment portfolio and potentially see bigger returns on your investments is to invest offshore. When choosing to invest offshore you are gaining access to untapped and potentially lucrative markets in countries that many investors would not even consider investing in. There are a number of directions to go when considering…
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Investing Advice from the CEO of the Largest Mutual Fund Company
‘The Importance of Being Long-term’: Vanguard’s William McNabb on What’s Ahead for Investors William McNabb became chief executive officer of The Vanguard Group on August 31, 2008 — two weeks before the financial world went into free fall. On the evening of Sunday, September 14, the day Lehman Bros. declared bankruptcy, he was in Washington,…
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Jeremy Siegel on the Dow Reaching 11,000
The Dow has closed above 11,000, the European Union is bailing out Greece and the U.S. economy seems to be perking up. Is the future as bright as it looks? In fact, it looks pretty good, says Wharton finance professor Jeremy Siegel. While the Dow’s 11,000 close doesn’t mean much to professional market watchers, it…