Settled Science? Things Change

Legal scholar, Walter Osborn, was recently quoted in The Wall Street Journal regarding the FDA’s ban on trans fats.  He points out that from the 1950s on, dietary reformers promoted trans fats as a safer alternative to animal fats and butter.  Public health activists and various levels of government hectored consumers and restaurants to embrace the … Continued

The Sticky Spending Theory

The Sticky Wage Theory is an economic hypothesis that describes how the pay of employed workers tends to respond slowly to changes in the economic environment.  Employers are slow to increase wages during an economic expansion, so as to not get caught off guard by a subsequent downturn.   On the flip side, wages tend to … Continued


Wikipedia defines Q.E.D. as an initialization of the Latin phrase quod erat demonstrandum, originating from the Ancient Greek, meaning “that which had to be proven.”  Perhaps a better translation would read, “The very thing it was required to have shown.” Why is this important to investors? With the ever expanding volume of financial news, there … Continued

The Jobs Dilemma

Monthly unemployment data suggests that the nation is enjoying a solid economy with a positive outlook.  On the other hand, work force participation remains at historically low levels of approximately 63% and the latest job openings data stands at the highest level since this metric began in 2000.  What is going on and why should … Continued

Go With the Flow?

Over the last several weeks, there have been several articles discussing Google’s autonomous cars’ penchant for being involved in an above average number of accidents.  According to Google, none of these accidents have been the fault of the autonomous car.  If Google’s claims are correct, we have an interesting paradox, Google’s cars have more accidents … Continued

Is Your House Part of Your Financial Plan?

If it isn’t, it probably should be.  Properly managed, a home can be a shelter and part of a long term financial plan.  For many people, the purchase of a house is their largest and earliest significant foray into the world of finance. Finding the right home, obtaining a mortgage and then managing the monthly … Continued

The Environmental/Climate Change Fossil Fuel Dilemma

While the entire issue of climate change, the use of fossil fuels and recycling are very complex and controversial, I was recently able to observe the breadth of the dilemma while standing in one place in the parking lot of my hotel on the shores of Lake Powell. Behind me was a collection of refuse … Continued

Sometimes the Government Gets it Right

It’s easy to criticize the government and sometimes the criticism is deserved.  But sometimes the government does something really well, and as a frequent critic of government efforts, it seems appropriate to give credit where credit is due. I recently spent a week touring several of our National Parks and related facilities, specifically Grand Canyon, … Continued

Is it Still Safe to Invest in Stocks?

Many investors are beginning to wonder whether the current market rally is coming to an end.   For some, the concern is that the market is cyclical and we are in the seventh year of the current market rally.  Others look to valuation and fear that the current market is trading in the upper end of … Continued

The $15.00 Minimum Wage – Part II

It has recently come to my attention that a large, convention oriented hotel in Florida has offered guests, staying more than one day, a voucher in the amount of $5.00/day in exchange for opting out of housekeeping services.  This means that you will have to act as if you were at home, make your own … Continued