Category Archives: Uncategorized

Smart Americans

Over the past decade, the personal savings rate (PSR) has averaged 7.6%; that is Americans’ have been saving on an after-tax basis just over $1 trillion, until #covid19. In March, folks became increasingly defensive in combating the unknowns associated with … Continue reading

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*PET PEEVE #1

Readers of my posts know that I pride myself on being a consumer advocate. I believe unwaveringly that we are all connected in this human experience. I articulate that view in the economic realm vis-a-vis the 3Ps to Prosperity — … Continue reading

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Report on the Economic Well-Being of U.S. Households in 2019, Featuring Supplemental Data from April 2020 May 2020

This report describes the responses to the 2019 Surveyof Household Economics and Decisionmaking(SHED) as well as responses to a follow-up surveyconducted in April 2020. The Federal Reserve Boardhas fielded this survey each fall since 2013 to understandthe wide range of … Continue reading

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RULES TO INVESTING

Rule #2 → Refer to Rule #1 Rule #1 → Do Not Lose Money Invariably, in the world of investing something is going to happen unexpectedly that could end up costing you money. It’s painful. For example, let’s say you … Continue reading

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Debt Bomb or Fiat Money Festival

Today’s economic story is a tale of two cities: ▲There are fortunate folks who have remained gainfully employed and been able to manage okay during this COVID-19 meltdown. Many of these workers are stock market participants and, after the worst … Continue reading

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Rule #4 → When in Question move up ↑ in Quality

“The Fed has redefined moral hazard by acceding its independence to the Treasury Department with the establishment of the Special Purpose Vehicle to purchase corporate bonds which is in direct violation of the Federal Reserve Act.” —Danielle DiMartino Booth, author … Continue reading

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BOND BOMB?

Short version click here. Longer version, keep reading. “This period, like the 1930s through 1945, is a time frame which I think you’d be pretty crazy to own bonds.” —Ray Dalio, CEO of Bridgewater Rule #1 to Investing — Do … Continue reading

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When the going gets tough, Americans get saving!

Wages & salaries fell by $296 billion in March, the worst in a generation, and spending sunk $1.1 trillion, whew! What happened to $823 billion the difference? It went into personal savings, which rose to 13.1% of disposable income, a … Continue reading

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Oil Update

It was evident from the very beginning on April 20 that the oil market was headed for trouble. Frantic sell orders had been pouring in overnight and any traders who connected to the Nymex platform that morning could see a … Continue reading

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Chart of the Day

By CunninghamIn the late 1980’s, as the real estate market in the Southwestern part of the United Statescollapsed, I was wiped out, as were many of my friends and business associates. We wereexperiencing the inevitable catastrophic aftermath of one of … Continue reading

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