What’s more eternal than the famous Olympic Eternal Flame? Eternal cost overruns by Olympic sponsoring nations. By all accounts, the Tokyo Olympics are extremely unpopular among Japanese citizens, and the reasons have nothing to do with the resurgence of COVID in that country. The events are taking place with no live spectators allowed in the… Continue Reading The Eternal Olympic Boondoggle
The U.S. inflation rate hit 5.4% before scaling back a bit to 5%—rates which have raised alarms among investors, economists and most importantly the financial press. But how bad are these recent jumps in consumer prices compared with the rest of the world? If you look at inflation rates for other countries, our current CPI… Continue Reading Inflation Fears in Perspective
Every year since 1975, the Social Security Administration has automatically adjusted its benefit payments upward to account for inflation; the goal is for the payments to keep pace with the cost of living that recipients are experiencing. For the past decade, these inflation adjustments have been pretty modest, as you can see in the chart.… Continue Reading Inflation and Social Security
After being postponed for a year, the Olympic Games are scheduled to begin on their revised schedule on July 23 in and around Tokyo, Japan. But it looks like the games will be held without the usual crowds of spectators. The Japanese government has banned international travelers from entering Japan to attend the games. After… Continue Reading Empty Olympic Stands?
The U.S. Census Bureau has released its official 2020 state population counts—a labor-intensive exercise it goes through every 10 years. This data will be used in Congressional redistricting efforts this fall, but for now we can see which states are net gainers of seats in the U.S. House of Representatives, and which states have lost… Continue Reading Census Gains & Losses
In the last few trading days, investors and traders were reminded once again that markets go down—sometimes with a lurch. The most recent lurch was this week’s 2.1% one-day decline in the popular S&P 500 index of U.S. stocks—which was described as “the biggest one-day drop since February.” In the first three days of the… Continue Reading Market Jitters & Inflation Worries
Many of us have been locked down for more than a year. We’ve cancelled vacations, restaurant visits and in-person schooling. More than 500,000 of our loved ones across the country have passed away. Is there any good coming out of the COVID pandemic? Anything at all? Turns out, there is. The messenger RNA immunization technology… Continue Reading Can Any Good Come from This?
You already know that the U.S. stock markets are constantly testing all-time highs, and part of the euphoria is the idea that we may soon get our lives back. But is there any solid economic data to back it up? Recent Commerce Department data offers better news than anybody was expecting about the U.S. economy.… Continue Reading Good News on the (soon-to-be) Post-COVID Economy
2020 has been a big year for change. With changing legislation and market volatility alongside battling a pandemic, our way of life has altered and adapted to fit our present circumstances. While there have been many challenging aspects of this year, an important new piece of legislation has passed aimed at increasing the efficacy of… Continue Reading What Is The SECURE Act and How Does It Impact Retirees?
By Ash Toumayants Life as we know it has changed significantly in a matter of weeks, and we don’t know when it will go back to normal—or what our new normal will look like. The constant barrage of briefings and updates cause many of us to panic or at least lose sleep at night. Although… Continue Reading Do Your Friends And Family Need Financial Guidance During This Stressful Time? We’re Available To Help Virtually