Articles
Selected category: US Govt and Economy
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Adding a Financial Advisor is Always a Bad Idea, But Especially Now
Unless you are ultra-wealthy, the idea that you or anyone needs a financial advisor is completely obsolete. It is so Twentieth Century. Online banks make both equity and debt markets complete accessible, usually enabling you to trade for... Read →
Image Copyright: JP Morgan Chase
Dimon on Crypto: "If I was the Government, I'd Close it Down"
Chase CEO and Tufts alumnus Jamie Dimon has been skeptical of bitcoin and crypto for some time. While other major banks have made forays into what Charlie Munger termed "trading turds", Dimon has kept his bank out of it. The... Read →
Life In Seven States Without State Income Tax -- Nirvana or Hell?
For those well enough off, the prospect of living life in a state that assesses no state tax seems very attractive. Florida comes to mind, as does Texas, Alaska and a few others. There are actually seven such states without any state... Read →
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Two Major Risks to Federal Government Debt Levels Post-Debt Ceiling Settlement
The national debt is poised to move into completely unchartered territory. Assuming the US remains one contiguous country, we are going to move from $31 trillion in outstanding US liabilities to somewhere in the $35-$36 trillion range over... Read →
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Eight Megacap Stocks are Driving the Entire Stock Market Higher this Year
What does it mean when the entire US stock market is being driven only by Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Netflix and Tesla?
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Is the US Economy Being Pesoized by Inflation?
"Pesoization" typically refers to a process in which a country's citizens or investors lose faith in their own currency and begin to use a more stable currency for transactions and savings. The US dollar is the... Read →
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Is the Risk of A US Treasury Default Rising?
The US Treasury has never defaulted on its debt obligations in its history, and it is ordinarily considered extremely unlikely to do so. The US government has a high credit rating and is considered a safe haven for investors... Read →
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Democracy is A Winning Idea, but So too is …
I was watching Fareed Zakaria’s interview of Bill Clinton this morning on CNN. Fareed threw Clinton a complete softball when he asked him whether the US was responsible for Russia’s behavior and unlawful war against Ukraine... Read →
Image Courtesy: Reuters
The Only Person with Balls in Russia (So Far)
Regular readers of my articles will know that I lived in Moscow and practiced tax law there from 1994 to 1996. I also spent time working in Russia and Ukraine in 1990. My first trip to the former Soviet Union came in 1985 and my last... Read →
How Much Do You Need for Your Retirement?
It all begins with this important question. There really isn't any way of avoiding it.
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Image The Times of Israel
The West Is Becoming Complicit in Navalny’s Death
All indications are that Alexei Navalny is sitting in his prison cell in Siberia fighting for his life. While US National Security Advisor Jake Sullivan finally warned Putin that the US will take action against the Kremlin if its top... Read →
Greg McBride from Bankrate says that he expects mortgage rates to rise half a percent or 50 basis points as the Fed stops buying mortgage backed securities. This is consistent with our own internal BestCashCow projections.
The end of the... Read →
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An Obvious and Certain Way to End the COVID-19 Crisis Quickly
There is a certain way to solve the current health crisis, and it is right in front of us. Here in New York, 60% of the population is roaming around with self-made masks or cheap masks that they bought on Amazon covering their faces. ... Read →
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Spanish Flu 1918 – Coronavirus 2020
America has long been in a leadership role in the world and a marvel of economic expansion. Our strengths have been defined by an unwillingness to be satisfied with what is now and the assurance that we control the future and our global... Read →
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