And now… today’s Penning for your thoughts… Good day, and a marvelous Monday to you! Regarding the global economy, us old timers know better than the central planners of each country. There’s been a structural shift in the global economy, and the...
The Federal Reserve’s interest-rate-setters opted for caution when they voted not to raise rates at today’s meeting. On some measures, things look better than when the rate-setting committee last met in June. The committee’s median growth forecast for 2015 has...
Mobile homes will not be easily moved out of California's hottest real-estate markets. The free market wouldn't plop down a trailer park just a few miles from downtown San Jose. At least not today, in a sharply spiking housing market that has made the metropolitan area...
Men are short of a standard goal by $270,000. Women? Half a million dollars, according to a new report. So here's what you need to do: Just save a lot more while earning a lot less. While both men and...
Is it time to start saving for college? 529 Plans are one of the most popular investment tools for college savings, but how flexible is the plan? Would if your child decides not to go to college or gets a...
School costs – uniforms, notebooks, gym clothes – are soaring in recession-hit Russia, and pupils and parents are griping over the unwelcome changes in their classrooms. The first day of school is always a really big deal in Russia. Parents...
Nary a week has gone by this year without news of China’s extraordinary injections of cash into its own economy. The central bank has pumped hundreds of billions of yuan into the financial system through an admixture of short-term, open-market...
The U.S. economy added 173,000 jobs in August, lower than expected, in a report that gave fuel to both sides of the rate-hike debate, the Bureau of Labor Statistics reported Friday. In addition to the new jobs, the unemployment rate...
Stockmarket turmoil in China need not spell economic doom. But it does raise questions far beyond the country’s shores. The ability to make stockmarkets boomerang is usually reserved for central bankers. But on August 24th, hours into a global market...
Housing Options Description:As we age one needs to consider the overall comfort in his/ her home. This video introduces the different housing options one should consider and plan for, in addition to some home safety tips. -Source: Legg Mason, Johns...
Thanks to our great Clients, Partners, Colleagues, Family and Friends, we're celebrating the completion of our first year in business. We've built a lot of great relationships already, and we're looking forward to strengthening them even further. Thanks for helping...
Investors are in an anxious mood after an emerging-market rout spread into developed markets last week. Momentum is a big worry: one of the best predictors of markets is how they fared the previous day, and Friday was rough. The...
China has cut its main interest rate to boost growth in its economy. The People's Bank of China cut its main interest rate by 0.25 percentage points to 4.6% in an effort to calm stock markets after two days of...
Okay, so it’s not the best way to end the summer. August is usually a dull month on Wall Street, but this year it’s an all-hands event as stocks plunge and investors brace for more. So far, the S&P 500...
The Federal Reserve is putting some of its post-crisis actions under a magnifying glass and not liking everything it sees. In a white paper dissecting the U.S. central bank's actions to stem the financial crisis in 2008 and 2009, Stephen...
