Baby Boomers are the first generation to be entering retirement in worse financial shape than the previous generation since Harry Truman was president. As Shakespeare once opined, “Expectation is the root of all heartache.” It appears to us that there is a large amount of retirement heartache on the horizon for many Americans.
In this series, we’ve claimed that that the problems we’re facing really stem from misguided and unrealistic expectations. This week we highlight another area of our country’s financial underbelly where mismanagement and poor leadership has created what Warren Buffett once described as a “financial tapeworm”.
Last week we introduced a short series on the retirement crisis in America rooted in unrealistic expectations embedded in three categories: social security, public and private pensions and individual savings rates. This week we’ll focus on the future outlook for America’s social security system.
It’s National Retirement Week in America, and I think the planning and execution of individual retirements is an area where setting appropriate expectations is incredibly important - not only for emotional reasons but also because math doesn’t tend to care about our feelings. Unfortunately, the retirement outlook in our country is not looking great.
If you have been paying attention to the current political landscape, chances are you have heard the acronym MMT thrown around. But what exactly is MMT? In today’s post we will try to answer this question by boiling it down to its foundational substance.
The Fed’s aggressive and creative policy response to the financial crisis is one of the most controversial and widely misunderstood financial topics in the modern era. The impact of the Fed’s actions on the real economy is debatable, but few would argue it has had significant influence on the psychology of financial market participants.
The Federal Reserve is tasked with promoting high employment and low inflation via the effective management of money and interest rates. But how? Let’s pull back the curtain on the three primary policy tools the Fed uses to implement policy.
Our last several posts have covered the history of banking in the United States, starting around the time of the Revolutionary War and leading up to the modern era of central banking. We shift gears this week to an examination of how the US Federal Reserved is structured and the roles of its various branches.
In this week’s post we will look at two important eras in the history of the Federal Reserve which are marked by turning points that expanded the Fed’s mandate and eventually turned it into, as some would argue, the most powerful institution in the world.
Last week we reviewed some of the historical context of the US banking system leading up to the creation of the Federal Reserve. In this week’s post we will continue our walk through history by taking a close look at the time directly before and after the Federal Reserve was created in 1913
The roots of the Federal Reserve can traced all the way back to our country’s origins and the American Revolutionary War. Although the US was able to successfully finance its war efforts and ultimately defeat the British, the value of the currency they used to finance the war quickly eroded to nothing after the war due to the fact that they had no formal institutional backing.
The last two years have been incredibly interesting for stock market investors of all types. In this week’s insight we’re going to take a fresh look at how our trend following strategy has us positioned as we break the seal on 2019.