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Archive for the 'Inflation' Category

The Inefficiencies of the Efficient Markey Theory

Saturday, May 18th, 2013, by

The Nobel Prize committee may be having second thoughts on all the prizes awarded to economists these past several decades. And while we are on the topic, let’s remember that there are Nobel Prizes awarded in areas where scientific discovery is justified. I’m thinking of the prizes in medicine, physics and mathematics. But then we […]

Taxes Going Forward: It Could Have Been Much Worse

Saturday, January 12th, 2013, by

I’ve held off on commenting on the fumbling and stumbling New Years day resolution on taxes, until I could reconcile my conflicting reactions. Like any sensible person, I am appalled at the unwillingness to even address the spending side of the equation.  We are smiling on the way to an eventual apocalypse.  Each year that […]

The Fiscal Cliff…was reached and breached in 1971!

Thursday, December 20th, 2012, by

So much nonsense about the so-called fiscal cliff now just 12 days hence. Of course there will be a deal.  Maybe not before year end, but shortly thereafter.  We seem to have our priorities backward.  We allow our national legislators to serve for time on end, with no term limits.  But we sunset important legislation […]

The Cost of Living Increase: Using the New Math

Saturday, November 17th, 2012, by

Well, it’s official now.  According to our infallible government accountants, we now know that the cost of living increase for 2012 is exactly 1.7%.   Except when it is exactly 5.01%. Let me run that past you one more time.  Last month it was announced that Social Security beneficiaries would see their payment increased by 1.7% […]

The Election Is Over: Expect Stealth Taxation To Continue

Friday, November 9th, 2012, by

The presidential election is over and the votes are counted.  What can we expect going forward….especially regarding personal taxes? My bet is that we will see a basket full of stealth taxes enacted as a means of bringing in more revenue, without necessarily raising tax rates on the majority of tax payers.  You’d be amazed […]

The Fed: It Seemed Like a Good Idea at the Time

Friday, September 14th, 2012, by

The Federal Reserve system has done it once again.  They’ve doubled down on a very poor hand, now launching the third round of bond buying since the Great Recession of 2009. The stock market is on a sugar high, but it won’t last.  The best visual I can think of that represents the market would […]

Overconfident Retirees: A Reality Check

Tuesday, July 24th, 2012, by

Perhaps you’ve wondered, as I have, why many who have entered retirement continue to live in the large two story home where they raised their family. One obvious reason is that they have boomerang adult children who have moved back in, unable to fund the cost of independent living if they are working one of […]

If You Only Had It To Do Over Again

Monday, July 9th, 2012, by

We live life going forward, which means that we have no rewind button to repair bad decisions made years ago.  And remember, it’s mostly short term memory loss that plagues us as we age…while long term memory is a persistent reminder of choices taken..or neglected. What brings this to mind is the announcement from Consumer […]