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This Time It’s Different. Really.

Friday, October 30th, 2009, by

One of the most trusted and long lived market prognosticators is the Kiplinger Letter, available by subscription only. I like the format.¬† Four tightly edited pages, with pertinent charts and bullet points…it’s targeted to busy decision makers who want useful summary data, and not a lot of prose and theory. The August 2009 letter was […]

The Pay Czar Got It Right

Tuesday, October 27th, 2009, by

Longtime readers know that the Blue Jeans Millionaire has a healthy fear of overly zealous government intervention and regulation. So it may come as a shock when we endorse the actions of Kenneth Feinberg, the so-called Pay Czar in forcing rollbacks of executive compensation for the mendicant companies that still have their hand in the […]

When Work Doesn’t Pay

Monday, October 12th, 2009, by

That’s the title of a provocative essay in the October 5, 2008 Forbes, by Janet Novack and Stephane Fitch. If the title doesn’t grab you…the subtitle will…”Roughing up the Middle Class.” You’d best go to the source to get the full treatment. What the authors have done is to line up all the tax and […]

The Death of the Paycheck

Wednesday, September 9th, 2009, by

Younger workers may never have experienced the thrill of receiving an actual paycheck. It’s an anachronism now, just as prior generations used to line up at the paymaster’s window to receive cash compensation. I’ve long favored direct deposit, as the essential first step in gaining control of your personal finances. From there, the income stream […]

In Defense of Subprime Loans, Part I

Friday, August 21st, 2009, by

Be careful what you wish for. Just as generals are always fighting the last war, so also are the oversight and regulatory agencies. In their zeal to punish all wrongdoing,¬† they have caused considerable¬† damage to the nascent recovery. Case in point—- the stated income loan. You may know it more by its colloquial nickname….the […]

The New Contingent Work Force

Tuesday, August 18th, 2009, by

Odds are better than even that the savage 2007-2009 recession ended the second quarter of this year. Stock market investors are the first to feel the wind at their backs for a change…but it’s a different story for the legions of workers — including a large swath of middle managers — who are, or will […]

The IRA goes Automatic

Wednesday, July 15th, 2009, by

Most of the pending legislation comprising financial regulatory reform will serve no purpose other than to add to the regulatory burden facing private enterprise. It will boost government employment, of course, but its effect on productive America will be to function as a shadow tax….something that removes capital from the private sector as it transfers […]

Tax Reform You Can Believe In, Part I

Monday, June 29th, 2009, by

Health care will become a universal entitlement sometime this year. The only question now…is how to pay for it. My proposal is hardly original.¬† It was, in fact, a cornerstone of the McCain campaign last year. And that would be to tax health care benefits paid to employees by their employers. Since fairness is the […]