The Federal Reserve just finished its annual round of large bank stress tests. The banks all passed – meaning they had enough capital to withstand a massive financial shock and deep recession. These stress tests are the political result of the government blaming banks, and not Fannie and Freddie, for the 2008 Panic and are […]
Watch our video on you should welcome market fluctuations.
Last week the Federal Reserve hiked the federal funds rate by ¼ of a percentage point for the fourth time since December 2015. The funds rate is still below the rate of inflation, which means the Fed is still a long way from becoming tight. The Fed also presented a relatively detailed plan to begin […]
Why you should ignore the media when retirement planning.
When the Federal Reserve raises rates by another quarter percentage point on Wednesday, you’re going to see many stories about monetary policy getting tight and the potential threat that poses for the economy in general and the bull market in stocks in particular. As usual, you should discount the conventional wisdom. What’s really going on […]
There is so much more to long term financial planning than finding the perfect fund or stock. Watch our video for more information:
Late last week automakers reported selling cars and light trucks at an annual rate of 16.7 million units in May, down 3% from May 2016. If you look at a twelve-month moving average, sales peaked back in April 2016 and have been trending lower, ever since. Meanwhile, the twelve-month averages for home construction, prices, and […]