Blog

Monday, June 26, 2023

The Constitution assigns Congress the task to authorize government borrowing necessary to pay for the financial obligations incurred by the United States. In the early 20th Century, the debt limit was instituted so that the Treasury...

Monday, June 26, 2023

In December 2019, The Setting Every Community Up For Retirement Enhancement Act (Secure Act) was the first significant legislation enacted in decades that reformed retirement rules and regulations. Perhaps the most important changes...

Monday, June 26, 2023

As I stated in my last newsletter, due to rapidly rising interest rates, bond prices have plummeted in 2022. While we cannot know for sure, it appears that rates will continue to rise until the Federal Reserve is convinced that...

Monday, June 26, 2023

This has been a very challenging year for investors. The downturn in the stock market during the first half of the year represents the worst performance over the first six months in any year since 1970. While bonds have been a cushion...

Monday, June 26, 2023

The most recent employment figures were released for December and the shrinkage of the labor pool continues as 4.3 million workers quit their jobs. This number represents the continuation of a trend that developed last year. From April...

Show All

Monday, June 26, 2023

Once again, it seems likely that significant changes in the tax code will be passed by Congress. The amount of deficit spending used to stimulate the economy and minimize the financial impact of the pandemic and the cost to fund...

Monday, June 26, 2023

When I began my career in 1978, inflation had been ravaging the economy. The inflation rate averaged 6.8% in the 1970s peaking at 11.3% in 1979. It reached 13.5% the following year before the Federal Reserve, led by Paul Volcker,...