Conventional wisdom is a dangerous thing. For generations, investors have been told that bonds are always safer than stocks, which is WRONG, WRONG, WRONG! Today, the popular “retirement-date funds” just allocate a greater and greater portion of a person’s portfolio into bonds as they get older, which should be WRONG, WRONG, WRONG! Investors think they … Continue reading Good Company
The Flinchum FileThoughtful Economic Analysis and Existential Opinions
Recently, I discussed the pervasive nature of advertising in our society — hoping to drive home the point that business wouldn’t spend billions of dollars on it, if it didn’t actually channel consumer behavior. This has generated some interesting discussion; questioning whether it is consistent with an existential viewpoint. You’ll recall the stereotype of existentialism … Continue reading Advertising, Responsibility, and Existentialism
At 8:30 AM this morning, Dow futures indicated the stock market would open flat. Within minutes, it indicated the market would gain 100 points as soon as it opened. What happened? Of the 130 economic reports issued each month, the stock market pays the most attention to the monthly Jobs Report. Judging from the sudden … Continue reading Happy Days Are Here Again . . . ???
There are many schools of thought on economics. For convenience, this blog has always focused on The Big Three. First, there is the Austrian or “Tough Love” school that says budgets should be balanced at all times. Second, there is the Keynesian school that says deficits are good during bad times as long as the … Continue reading The Darling of Austerity-Fatigue
Ricky Rash was a 15-year-old kid who committed suicide. His grieving parents wanted to understand what was in his mind before he died. Understandably, they wanted to see what he was saying and doing online. But legally, the online companies like Facebook, Yahoo, etc. could not allow any cooperation. So, what happens to your online … Continue reading Your Digital After-Life
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