In 1982 I was hired by Mass Financial in San Francisco, which started my career in the investment and financial planning business. The year before, President Reagan signed the Economic Recovery Tax Act (SERTA) in 1981, and the Federal Reserve reversed its rate decline...

Yesterday the National Association of Housing Builders (NAHB) released its monthly index report on the survey to respondents in their organization on their views of the housing industry. For the ninth consecutive month, the index had declined and is now at its lowest...

I am at the Advisor Circle Future Proof conference in Huntington Beach, California. Attending is over 1500 investment advisors with a lineup of seasoned speakers from national and international financial companies. Over these past three days, I have attended sessions...

Driving home from church this past weekend, I had our 6-year-old granddaughter, one of 10 of our grandkids, in the back seat. Suddenly she starts crying. "What's wrong honey?". She cries out, "I'm starving and thirsty!" We're driving on the back roads to our home, and...

This year’s goal for Jerome Powell, Federal Reserve Chairman, and his committee since January is to slow inflation. The primary culprit was the massive disruption of supply and demand caused by Covid-related government policies. Although governments around the world...

For those with corporate and government bond funds or index bond funds in their account, the next 12 to 20 years may be a long-term declining trend. Bonds are sensitive to interest rates in which bonds correlate opposite to interest rates like a teeter-totter. If...

I can’t remember any time in my lifetime the extreme abundance of jobs. Almost everywhere I go, there are “Help Wanted” signs in business windows, billboards advertising signing bonuses, and even messages of “We’re Hiring!” on the sides of trucks. Apparently, all the...

Yesterday the July S&P Global US Manufacturing Purchasers Management report was revised to 52.2 from 52.3, indicating that factory orders have continued declining since early summer and are now at the slowest pace since June 2020.Econoday had this commentary on the...

It’s hard to think of a better example of the “the stock market is not the economy” than what has transpired over this past month, as an extended list of poor economic data was published. The biggest headline by far was that inflation rose by 9.1% in June, which was...