May 15, 2013
Graduation season is here. We see eager young people cross a stage, receive a piece of paper and enter a new phase of their lives. Hope and optimism fill the air. The future looks bright. But is it?
May 8, 2013
Investors were apparently encouraged by last Friday's U.S. jobs data. The stock market rallied to a new high on the news. Why? The unemployment rate remains high at 7.5 percent, but a few months ago was even worse.
May 1, 2013
This Friday we’ll learn whether the U.S. labor market improved in April. You can bet that our unemployment rate, whatever it may be, is far better than Spain’s 26.7 percent. This is not a typo.
Apr 24, 2013
Americans — especially older Americans — worry about our economic future. Between unemployment and debt, bombs and terror, we wonder what will be left when we’re gone. Fear not. Your grandchildren will inherit a better world, financially and otherwise.
Apr 17, 2013
Falling gold and silver prices leave recent buyers wondering what to do. Should you take advantage of the panic and buy more? Sell before it gets worse? Or just wait and see? You can’t answer these questions until you ask yourself another one.
Apr 10, 2013
Every month, like clockwork, the U.S. government updates us on the unemployment rate. In March it was 7.6 percent. We see the headlines, but we rarely stop to ask an important question: 7.6 percent of what? The answer may surprise you.
Apr 3, 2013
In an alternate universe, Albert Einstein might well have been a great stock trader. He would know that financial markets are priced not on their own merits, but “relative” to each other.
Mar 27, 2013
The European eggheads who attempted last week to seize insured bank deposits in Cyprus did us all a favor. Their ham-handed money grab exposed a near-fatal flaw — a flaw present in every bank worldwide, and even here in the United States.