Yes, but perhaps not as soon as many expect. It is well-established that many of the world’s governments, including our own, are printing money and, historically, this has proven to be inflationary which usually leads to higher interest rates. However, up to now, money printing has not led to significant, broadly-based inflation. The Fed has … Continued

These two high-profile issues have been receiving a great deal of attention and can materially affect personal finances. However, in both cases, more important issues, critical to the decision process, are getting less attention. Consider interest rates. Many investors are disappointed in returns hovering around 2-3%, compared to historical expectations in the 4-6% range. As … Continued

In 1977, the US Government passed the Community Reinvestment Act. According to Wikipedia, the purpose of the law was to compel banks and other lenders (at the risk of losing their charters) to “…reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.” Flash forward to the Dodd-Frank Wall Street Reform and Consumer … Continued

Short answer: Of course not, he is restricted to two terms. Longer answer: He wants to see Nancy Pelosi reelected as Speaker of the House. It is clear that he enjoyed the first two years of his first term more than the second two years. He is now faced with another two years of disputes … Continued