Wednesday , October 16 2019
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Tag Archives: Investing

In The Fed We TRUST – Part 2: What is Money?

Part one of this article can be found HERE. President Trump recently nominated Judy Shelton to fill an open seat on the Federal Reserve Board. She was recently quoted by the Washington Post as follows: “(I) would lower rates as fast, as efficiently, and as expeditiously as possible.” From a political perspective there is no doubting that Shelton is conservative. Janet Yellen, a Ph.D. economist from Brooklyn, New York, appointed by President Barack Obama, was the most liberal Fed...

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3 Tips To Avoid A “Save Taxes NOW!” Mentality

We scramble to do whatever we can to save on taxes. Unfortunately, there’s little firepower in the form of itemized deductions since the Tax Cuts and Jobs Act (TCJA) was initiated. The www.taxfoundation.org estimates that nearly 90% of taxpayers will continue to take the expanded standard deduction which has increased from $6,500 to $12,000 for single filers; $13,000 to $24,000 for those married filing jointly. If you recall, the income tax changes under TCJA expire at the end of 2025. CPAs,...

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Technically Speaking: Bulls Get QE & Trade, Remain “Stuck In The Middle”

“Clowns to the left of me,Jokers to the right, here I am,Stuck in the middle with you” – Stealers Wheels __________________________ The lyrics seem apropos considering we have Trump, China, Mnuchin, the Fed, along with a whole cast of colorful characters making managing money a difficult prospect recently.  However, the good news is that over the last month, the bulls have had their wish list fulfilled. The ECB announces more QE and reduces capital constraints on foreign banks. The Fed...

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Capitalism Is The Worst, Except For All The Rest – Part 3

Part 1 – How Wall Street Destroyed Capitalism Part 2 – The Myths Of “Broken Capitalism” In Part 1, we discussed how “Capitalism” was distorted by Wall Street. In Part 2, we reviewed some of the “myths” of capitalism, which are used to garner “votes” by politicians but are not really true. Most importantly, we discussed the fallacy that “more Government” is the answer in creating equality as it impairs economic opportunity. I want to conclude this series with a discussion on the fallacy of...

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Trade Deal Done? Is 3300 The Next Stop For The Market? 10-11-19

Trade Deal Done QE, Not QE, But It’s QE Sector & Market Analysis 401k Plan Manager Follow Us On: Twitter, Facebook, Linked-In, Sound Cloud, Seeking Alpha Trade Deal Done On Thursday and Friday, the market surged on hopes that a “trade deal” was coming to fruition. This was not a surprise to us, as we detailed this outcome two weeks ago: “‘For Trump, he can spin a limited deal as a ‘win’ saying ‘China is caving to his tariffs’ and that he ‘will continue working to get the rest of the...

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#WhatYouMissed On RIA: Week Of 10-07-19

We know you get busy and don’t check on our website as often as you might like. Plus, with so much content being pushed out every week from the RIA Team, we thought we would send you a weekly synopsis of everything that you might have missed. The Week In Blogs The Best Of “The Lance Roberts Show” Video Of The Week Our Best Tweets Of The Week So the Fed's "mid-cycle adjustment" now includes at least two 25bps rate cuts (and probably...

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Mauldin: Social Security Is Screwing Millennials

Social Security is a textbook illustration of how government programs go off the rails. It had a noble goal: to help elderly and disabled Americans, who can’t work, maintain a minimal, dignified living standard. Back then, most people either died before reaching that point or didn’t live long after it. Social Security was never intended to do what we now expect, i.e., be the primary income source for most Americans during a decade or more of retirement. Life expectancy when Social Security...

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Will Monetary or Fiscal Stimulus Turnaround the Next Recession?

A recession is emerging with interest rate curves inverted, the end of the business cycle at hand, world trade falling, and consumers and businesses beginning to pull back on spending.  The question is: will monetary or fiscal stimulus turn around a recession?  In this post, we find both stimulus alternatives likely to be too weak to have the necessary economic impact to lift the economy out of a recession. Finally, we will identify the key characteristics of a coming recession and the...

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Endowments Shift from Hedge Funds to Private Equity

Ivy League Endowments Make the Same Old MistakesHedge funds and natural resources underperformed. New investments in private equity look no better. Bloomberg, October 9, 2019 The latest university endowment return data dribbling out for the fiscal year ended June 30 is not pretty. Earlier return estimates of 8.7% for the Ivy League were too optimistic. Harvard’s endowment gained 6.5%, while Yale’s had an increase of just 5.7%; the University of Pennsylvania endowment gained 6.5%;...

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The Myths Of “Broken Capitalism” – Part 2

Read Part 1 – The Distortion Of Capitalism By Wall Street In the introduction to this series, we discussed the bit of the history leading us to the outcry against capitalism. As I concluded: “The important point is that ‘capitalism’ isn’t broken, but there is one aspect of the system which has morphed into something no one intended. As you hear candidates promising to ‘eat the rich,’ remember ‘political narratives’ designed to win votes is not always representative of what is best for you in...

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