Markets over shoot themselves in both directions to too high and too low.  You have seen the dot-com boom and bust in 2001and you have seen the housing bubble form 2000 to 2006 and then bust.  Now you see the financial crisis which, just as home values went beyond the price where people could buy, will [...]

This financial crisis will not have your portfolio or 401k bounce back in a couple years.  This is a permanent transition to a lower standard of living for America,s.  Our government has been borrowing money for years to keep it afloat (China now holds 10% of US debt) as have individuals been borrowing against their [...]

America, supposedly the best run capitalist economy on the planet has been upstaged by the Chinese.  America’s expected growth rate next year is 0%. China’s expected growth rate is 8%. America’s answer to our economic woes:  let’s give money to bankers who lack basic business competence- i.e. the banker’s who lent money to people for [...]

If you started eating a lot more at each meal and then added a 4th meal and 5th meal, you would soon weigh 300 pounds.  And even if you stopped over eating and maintained your weight at 300 pounds, you would be at a sever risk of heart disease, arteriosclerosis, diabetes, kidney problems and a [...]

For the last 20 years, the securities industry has considered fees over commissions to be the savior of its cyclical business.  The fee-based advisors we talk to tell us that their income will be down 50% this year–most of that is due to a 40% decline in the value of client portfolios and the rest [...]