Guest Column
With health, immigration, trade, and tax policy, the need for real improvements takes a backseat to counterproductive fights over political symbolism, writes our guest columnist, an economist and former...
iTDFs: ‘Self-Driving’ Retirement Cars
'We’ve added intelligent shock absorbers and an automatic transmission to existing TDFs,' writes the former chief actuary of Denmark about his new retirement product. They 'convey clients seamlessly from...
The Fed Reveals its Game Plan
'Given a snail’s pace of removing excessive monetary policy accommodation, it is hard to envision Fed policy threatening the economy any time soon,' a former senior economist at the...
The Risks to America’s Booming Economy
'The danger is that overpriced assets and high-risk loans could lose value and cause an economic downturn,' writes our guest columnist, the well-known Harvard economist.
Getting Basic Income Right
'The challenge now—for the developed economies, at least—is to develop stronger and more streamlined social‐solidarity systems, create room for more individual choice in the use of benefits, and make...
‘A Dangerous Time in History’
The current investment narrative is based on the assumption that Trump will be a reflationary president, says our guest columnist, the chief investment strategist at Pension Partners LLC. He...
Will Trump Derail the Fed’s Game Plan?
'If the Fed can engineer a record-breaking length period of expansion, why in the world would anyone want to tinker with the process?' writes the blogger at NumberNomics.com, a...
Fed No Longer Controls Rates
'We believe the probability of the Fed raising rates three times in 2017 is less than what the market has begun to price in post the Donald Trump election,'...
The Illusions Driving Up US Asset Prices
'The Dow is up only 19% in real (inflation-adjusted) terms since 2000. A 19% increase in 17 years is underwhelming, and the national home price index that Karl Case...
Six Bipartisan Opportunities for the President-Elect
'Never before have so many promises been made for the future, both for unsustainable rates of spending growth and lower taxes,' writes our guest columnist, a former deputy assistant...
What Happens Now for Retirement Policy?
The author, a senior vice president of Retirement Policy at ERIC.org, predicts that the Trump administration will reverse several Obama initiatives: the overtime rule; paid sick leave for federal...
Trump Wins: What Happens Now?
'How Trump will govern is a huge wild card,' write Schwab's analysts. 'Tax cuts, an infrastructure spending plan, and reduced regulation might offer offsetting boosts, but they would bring...
Big Danger at the Lower Bound
'There may not be enough time before the next deep recession to lay the groundwork for effective negative interest rate policy or to phase in a higher inflation target....
The Inherent Risk of High-Priced Assets
'Within the US, the greatest risk is a sharp decline in asset prices, which would lead to a collapse of aggregate demand... Conditions are becoming more dangerous as...
Trump, Buffett, and how the wealthy are taxed
'At the end of the day, tweaks to the individual income tax system, including higher tax rates, are unlikely to increase dramatically the taxes paid by the very wealthy,'...
Student Debt Weighs on All of Us
'If this debt policy additionally discourages risk taking and marriage after education, then all this debt may even reduce investment over time in education, businesses, and homes combined,' writes...
Don’t Let Commoditization Sneak Up on You
Our guest columnist, creator of the Wealth2k advisor marketing and income planning tools, learned a valuable lesson about commoditized workers during a 2010 visit to an athletic shoe factory...
Helicopter Money Is in the Air
Helicopter money comes in two forms: The government could issue each voter or citizen with a smart card worth, say, $1,000. Or helicopter money could be used to finance...
Positive Words about Negative Rates
If Fed chair Janet Yellen had to choose between setting a higher inflation target and forcing short-term interest rates into negative territory in order to lower real rates during...