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Financial Folly/Unforced Errors

Developing and sustaining a sound, long-term personal financial strategy, in a world full of unexpected events, is difficult enough without incurring unforced errors.  Hopefully, most of us recognize that a financially successful retirement plan includes maintaining a consistent approach to spending, saving and investing. Unfortunately, too many of us succumb to unwise consumption behavior that […]

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To Subsidize or Not To Subsidize, That is the Question

German Chancellor Angela Merkel recently said that subsidies designed to help Germans buy electric vehicles cannot go on forever. California will hold hearings on offering a $4,500 subsidy for each electric vehicle sold in the state, up from the current $2,500, even as customers from Tesla and GM face losing the loss of bigger federal […]

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What Defines Middle Class?

The short answer is: it depends on where you live.  According to a recently updated income calculator, developed by the Pew Research Center, a nonpartisan fact tank that informs the public about issues, attitudes, and trends shaping the world, a before-tax salary of $37,106 for a three-person household is considered middle class in Jackson, Tennessee, […]

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Cost-plus Pricing

Cost-plus pricing is a pricing strategy in which the selling price is determined by adding a specific dollar amount or percentage to a producer’s relevant costs.  This pricing protocol is typically used where the provider is a regulated monopoly, such as a public utility, or there is essentially a single-buyer, such as the defense department. […]

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Winners and Losers

In order to address a housing affordability issue, in one of the world’s hottest housing markets, New Zealand is restricting non-citizens from buying existing homes.  Trade Minister David Parker said, “this government believes that New Zealanders should not be outbid by wealthier foreign buyers.” Sounds like great news for New Zealanders looking to buy a […]

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Whither Wages?

The stock market has been doing well, unemployment is at historic lows, inflation is relatively modest and a strong economy augers well for corporate earnings during the balance of this year, and perhaps for 2019.  In the midst of all of this good news, wage gains seem to be lagging. Recently published employment data suggests […]

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