Earlier this year, the House of Representatives passed a new bill called the SECURE Act. As the name implies, the bill has important ramifications for people’s retirement savings. In this letter, I want to give you a preview of what the bill is designed to do..
The markets hit turbulence this week, with the Dow dropping almost 500 points on Wednesday, October 2...
When you turn on the evening news, every broadcast seems to bring more stories of tragedy, fighting, and petty politics. But if we take the time to a look a little closer, we often find that amidst the doom and gloom, people all around the world are constantly demonstrating courage, charity, and sacrifice. So, I’d like to share an inspirational story I’ve come across that shows how even a little bit of kindness can make a big difference...
If you ask an economist what makes them toss and turn at night, chances are they’ll tell you, “Fear of missing the warning signs of a recession.” After all, for anyone who studies the economy for a living, few things could be worse than a sudden economic slump catching you by surprise. That’s why many economists rely on certain indicators to predict if there’s rough weather ahead. Historically, one of the most reliable indicators is the inverted yield curve. This is when the yield on long-term bonds drops below the yield on short-term bonds. Why does this matter to economists? Because an inverted yield curve has preceded every recession since 1956...
China has introduced a new weapon to use in the trade war with the United States. That weapon? Its own currency. On Thursday, August 1, President Trump proposed a new slate of tariffs on Chinese goods. In response, the Chinese central bank devalued its currency – the yuan – to more than seven to the dollar. (That means that one U.S. dollar would buy you over seven Chinese yuan.) ...
This is kind of an awkward letter and a bit late as well. When something good happens, naturally one wants to tell one’s friends. But one is reminded of the famous statement, “pride goeth before the fall.” Nevertheless, the news is so good, I thought I would risk the fall and share it with you...
