The Importance of Infrastructure

Over two days in late July over 620 million people – about 9% of the world’s population – were left without power after India’s electrical infrastructure failed.  These blackouts are dramatic symptoms of India’s dysfunctional political and cultural system, an…

Jobs Being Filled Creatively

The news media does a great job of producing attention-grabbing headlines designed to shock readers.  A recent headline on Bloomberg.com, Companies Say 3 Million Unfilled Positions in Skill Crisis, is a great example.  Seeing the 3 million number is alarming,…

Euro Debt and Your Investments

The austerity debate lingers on across Europe. As the pain increases the debates become louder.  The austerian position that most of Europe has implemented sounds like a reasonable idea in theory, but is extremely tough or impossible to implement successfully…

Debt Ceiling Redux

That famous line from Yogi Berra “it’s déjà vu all over again” applies this week after House Speaker, John Boehner vowed to block any debt ceiling increase unless it were offset by spending cuts. Democrats argue that increasing tax revenues have…

Economic Wildcards – Outlook Update

Two wildcards continue to cause us to be somewhat cautious- Europe and US politics.  In Europe, it appears more and more likely that the European Union’s austerity drive is continuing to depress the weaker nations and thus actually make their…

Is the End of ‘Snail Mail’ Near?

There has been a lot of talk in the news lately about the troubles the United States Postal Service (USPS) is facing.  While our postal system has followed a national standard for more than 100 years, delivering our mail “whether…

Set It and Forget It

A few years ago I wrote about the rise of target date funds in retirement plans. At the time, the Senate Special Committee on Aging was proposing legislation that would require target date fund managers to take on fiduciary responsibility. …

Clark Howard’s Investment Strategy

Whether you’ve watched him on Headline News, listened to his radio program or read one of his books, Clark Howard has established a loyal following. He is a national financial voice who’s known for helping consumers “save more, spend less…

Hedge Funds and the Lure of Exclusivity

Everyone wants to feel special, and unfortunately there are those who take advantage of that desire in order to sell questionable products and services.  The psychology is based on what is called the Scarcity Principle, and we are subject to…

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