I found this video on Lou Scatigna's blog at www.thefinancialphysician.com. It's a pretty good explanation of our current economic situation and what's likely to come. Republicans want to cut spending, Democrats want to increase taxes, and neither is going to solve things by itself. We'll need a …
The Economy
Will the Real Inflation Please Step Forward?
You can't go anywhere today without thinking about the rising costs of gas and food. It's tempting to say that the rate of inflation is starting to rise as you feel the pain at the pump and in the checkout line. But Federal Reserve chairman Ben Bernanke said just a few weeks ago that the rises in …
Why you Shouldn’t Listen to Economists’ Predictions When Investing
Many of you know I'm back in school studying for an M.B.A. One of the core classes for the degree is economics, which I'm taking right now. I learned something the other day in economics class about some common fallacies in the economics world. One of these is called the Post Hoc Fallacy …