Sometimes, it takes awhile to find and identify the devil hiding in the details. Back in December, demonstrators were in the streets of Kiev, pushing out the pro-Russian government. To make themselves less unattractive, Russia then agreed to make a $3 billion loan to the Ukraine. While it was odd that the loan was in … Continue reading Good Deed, Crazy Consequence
The Flinchum FileThoughtful Economic Analysis and Existential Opinions
It is hard to believe but it has been five years since the ugly days of March 9, 2009 when the stock market finally bottomed out, following a horrendous 57% drop. Since then, the market is up almost 180% — an object lesson to never panic nor to get 100% out of the market. However, … Continue reading Happy Birthday To Us, Happy Birthday . . .
Back in the early 1970s, there was a series of four full-length motion pictures loosely centered on the character of Billy Jack, who was a half-Indian, ex-Green Beret, who was a closet or “teepee” existentialist. Because death was his ever-present occupational companion, there was that easy familiarity, helping him to learn emotional detachment from everyday … Continue reading The Full Circle of Paranoia
Anytime you see the futures market indicate the Dow will open up about 25 points and then, within a matter of seconds, the futures indicate the Dow will instead open up 80 points — you know there is breaking news. If it happens on the first Friday of each month, you can bet the monthly … Continue reading The Job of Understanding the Jobs Report
There are worse things than losing a war. One is to keep fighting a war that is already lost. The war to re-regulate the financial system has been lost, and we need to quit fighting it. Following the global financial crisis of 2008/9, it was not surprising that Congress laboriously constructed a new set of … Continue reading Regulating The Next War
Democrats argue we must mitigate the effects of climate change. Republicans agree — but add we shouldn’t spend any money until at least 100% of climate scientists agree on the causes and solutions. As someone who lives on a beach and doesn’t know a single climate scientist or climatologist, all I do know is that … Continue reading Thinking About Keystone
Everybody remembers the old Hasbro TV commercial that “weebles wobble, but they don’t fall down.” That’s how I felt when I watched stock markets around the world this morning. Virtually every market in every nation is down and down sharply. Of course, this is a reaction to the Russian invasion of Crimea over the weekend. … Continue reading Wobbling Weebles
There is a serious effort underway to get more financial advisors to run for public office. It is a fairly safe assumption that the vast majority of financial advisors are at least vaguely familiar with sound financial practices, as well as investment vehicles. In fact, the fee-only financial advisors are even intimately familiar with the … Continue reading Don Quixote Was Not a CFP
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