Maybe, you remember where you were . . . when Kennedy was assassinated. Of course, you must also remember where you were . . . when you learned who shot J.R. But, where were you four years ago today . . . when we learned about Bernie Madoff? (It’s hard to believe it has … Continue reading Four Year Anniversary . . . Already?
The Flinchum FileThoughtful Economic Analysis and Existential Opinions
The public is focused on the unknown of whether we will or will not go over the Fiscal Cliff. Of course, nobody knows the answer with certainty. What is known is this: My taxes are increasing. What is NOT known is this: What spending will decrease? The President has always advocated for a “balanced solution” … Continue reading Kicking a Smaller Can . . . .
Economics is like a beautiful woman: just enough science to be satisfying and just enough art to be mystifying. I’ve been chasing her and courting her all my life! Politics is her older, ugly sister, who talks constantly and is married to a rich know-it-all. She’s been chasing all of us. And, she is getting … Continue reading Raining on her sister’s parade . . .
Kent Woodward is a good friend and a strong, independent thinker. He was kind enough to write today’s blog! It examines a simple but elegant way to enjoy the benefit of unionization, i.e., higher wages, without the inherent inefficiencies of union regulations. It must be a good idea, because it would irritate both political parties! … Continue reading Independent Thinking . . .
Like country music, I was Supply-side before Supply-side was cool! You’ll recall Supply-side economics argues that, at some point, income tax rates can become so high that it hurts the economy and actually reduces the revenue received by the government. (Of course, there is plenty of argument about where that point is.) I taught the … Continue reading “Where’s the Beef” in the Tax Code
Because so many decisions are made emotionally, true financial planning has to work with those emotions for clients. Even as a male financial planner, it is often difficult to work with male clients during certain times. Despite an avalanche of books on the subject of the differences between men and women, I’m reading Resilient Widowers by … Continue reading “Being There” . . . How to?
I’ve believed the underlying U.S. economy is stronger than most people expect but is weighted down by our politicians. Last Thursday, we learned that GDP growth in the third quarter of this year was revised higher from 2.0% to a surprisingly strong 2.7%. In fact, it was double the growth rate in the second quarter, … Continue reading Digging Into the Details
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