The resolution of the Fiscal Cliff will probably no solve much, while little attention is paid to the real economic problems.
At a time when you can pay bills online and deposit checks remotely using a cell phone, it’s amazing how many Americans don’t have bank accounts. One in nine households is without a checking account.
Whatever the budget deal, it probably won’t be able to prevent sluggish growth and the risk of rising inflation.
The U.S. is confronting a dizzying array of financial issues that will have to be dealt with early next year.
Many factors contribute to increasing inequality. Public policy should focus on eliminating only the bad ones
Government policies that discourage saving are one of the chief reasons that so many Americans fail to put money away regularly.
Perhaps the affluent should pay more income tax, but the middle class will end up footing most of the bill – because that’s where the real money is.
The principles that have made Warren Buffett the greatest living investor work for a lot more than just stocks.
Bailouts and easy money won’t be able to resolve the structural problems of the euro zone, and increasing austerity won’t fix things either.
Unfunded liabilities in pension funds are just as onerous as other kinds of debt. Such liabilities now total more than $2.5 trillion and are growing at a rapid pace.
It’s cheaper to buy than rent in almost every major U.S. housing market, and over the long term home prices appear likely to rise substantially.
The forces that have boosted the prices of blue-chip stocks over the past year are diminishing, while other factors have become increasingly uncertain.