Government Purchases Might Speed the Recovery: Steuerle
'When government simply puts a dollar of tax cut or transfer increase in our hands, but without purchasing anything, we often simply tuck that dollar under the mattress, so...
Guest Column
‘This is Not Modern Monetary Theory’
'We are being told Modern Monetary Theory (MMT) calls for helicopter drops of cash or having the Federal Reserve finance government spending through rebooted quantitative easing. This is not...
Portfolio Rebound: How Long Should It Take?
Using his proprietary 'aftcasting' technique instead of Monte Carlo simulations, the author shows how long it will probably take different portfolios to recover after a negative market shock.
COVID-19’s Financial Impact on Older Americans
'Pandemics and financial crises have occurred throughout history,' writes our guest columnist, a former IMF official. 'Think of the biblical account of Ancient Egypt, and the cycle of lean...
Protect Your Nest Egg with Options
Advisors can help protect their clients from market drawdowns by purchasing puts on the S&P500 Index, writes our guest columnist, the founder and CEO of DALBAR, which rates the...
Stay Calm, But Nimble
Three experts from The American College of Financial Services offer suggestions for managing retirement assets amid the most challenging market environment since 2008.
Lessons of Past Intra-Government Investigations
The 1998 Taxpayer Bill of Rights offers guidance for preventing politically-motivated governmental investigations, writes our guest columnist, an economist.
Multi-Trillion Dollar Fiscal and Monetary Gambles
'Right now, we’re living with a $25 trillion wealth gamble by the Fed and trillion-dollar deficit bets by the Congress and the President,' writes our guest columnist.
The Seeds of Inflation are Beginning to Sprout
'Trump’s inconsistent trade policies and persistent badgering of Fed Chair Powell and his colleagues has undermined business confidence,' writes our guest columnist, an economist.
Mr. President, Please Stop Tweeting!
'If, as appears, Fed policy is truly being influenced by pressure from Trump, then we will have reckless monetary policy combined with fiscal policy that is out of control,'...
Is Politics Getting to the Fed?
'It is no secret that Trump regards the stock market’s performance as an indicator of his own performance. But it has been surprising to see the Fed join the...
No Need for Lower Rates, but Rate Cuts Likely Anyway
'The Fed’s story is confusing to us. Not only do we think lower rates are unnecessary, they are unlikely to help the Fed achieve its goals. Instead, Trump should...
The Case for Lower Rates is Vanishing
Although it looks like the Fed will yield to pressure for an interest rate reduction, our guest columnist thinks the US economy will be able to reach its target...
Facebook’s Libra Must Be Stopped
'Silence in response to Facebook’s announcement this week is tantamount to endorsing its dangerous new venture,' writes our guest columnist, a professor at Columbia.
Modern Monetary Inevitabilities
'Debt resulting from tax cuts that are spent on mega-yachts would almost certainly be excessive; debt incurred to improve educational outcomes, maintain essential infrastructure, or address climate change would...
We Are All Active Investors Now
'The biggest mistake investors could make in today’s environment is to seek a safe haven in balanced portfolios of stocks and bonds,' writes the chief economist at GAM Holding.
Why Capitalism Needs Populism
'If voters in small-town America succumb to despair and lose hope in the market economy, they will be vulnerable to the siren song of ethnic nationalism or full-bore socialism,...
To Defer or Not To Defer (SPIA or DIA)?
A deferred income annuity (DA) is cheaper than an immediate income annuity (IA), but an IA generates more income than a comparable risk-free investment, writes our guest columnist, the...
Wages are rising, but so is productivity
'Consumer debt in relation to income remains low. Interest rates remain low and the Fed has now ceased its series of rate hikes. We anticipate GDP growth of 2.7%...
Understanding the Fed’s Dovish Turn
'The Fed has had to demonstrate its independence in the face of political pressures. In December, when it signaled further rate hikes, Trump had been calling for a pause,'...
