Are you more like George Bailey or Mr. Potter? Here’s a replay of a Podcast I did last year with my good friend Peter McClellan of the 401k Latte Company. We discussed the main characters in the Christmas classic Its a Wonderful Life. The movie successfully contrasts two
Republicans and Donald Trump are celebrating getting one of their key campaign promises accomplished before Christmas. They have sold the “Tax Cuts & Jobs Act” to the public by claiming it will spur mass corporate spending and job creation. Unfortunately, they are using flawed economic logic, not including
The key talking point as Republicans attempt to accomplish one of their key campaign promises, tax cuts, has been the promise the corporate tax cuts will create strong economic growth, higher wages, and more jobs. The economic text books tell us if corporations are allowed to keep more of their
Buy low, sell high
This is probably the most easily recalled market cliche. It’s easy to say, but our own behavioral biases prevent us from actually following that advice. Market history and our own experience tells us most investors believe it is ok to buy high because
Apparently in Congress, your opinion on the deficit changes based on whether or not your party controls the White House. In 2011 Republicans were willing to die on the hill of fiscal responsibility when President Obama asked for a debt ceiling increase. Democrats argued we needed to spend the money
