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24 Oct '19How the USA will default on the national debt
Continue readingOnce upon a time, politicians paid lip-service to the idea that our country should operate with some semblance of fiscal responsibility. It’s almost comical to look back at Ross Perot’s presidential runs in 1992 and 1996 when he used flip charts to rally against government debt. Back then the United States had a national debt […]
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20 Apr '18Hazardous Advice—Reaching for Yield
Continue readingActing on generic investment advice in magazines—or on the internet—can be hazardous to your wealth. In their desire to attract readers, publications often fail to fully explain an investment or adequately disclose the risks. The other day I ran across a particularly worrisome article on Forbes.com with the title “The Amazing 8.8% Cash Payout No […]
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11 Mar '18How Do You Stack Up?
Continue readingEmployees at technology companies—as a group—are highly compensated. Nonetheless, it may not feel like it, given the high cost of living in tech hubs like Seattle or the San Francisco Bay Area. To keep grounded in reality, I look forward every three years to the Federal Reserve Board’s Survey of Consumer Finances for the latest […]
