Germany’s Problem With Greece’s Debts

J. Paul Getty (1892-1976) provided an excellent summary of Germany’s problem with Greece’s debts.  “If you owe the bank $100, that’s your problem.  If you owe the bank $100 million, that’s the bank’s problem.” With that in mind, it will be interesting to see how this issue plays out over time. All comments and suggestions … Continued

Walmart, Wages and The Fed

Walmart, the largest private employer in the country, recently announced that all its U. S. workers would earn at least $9 per hour by April and at least $10 per hour by next February. In the opinion of the author, this is the right thing to do.  “The workman is worthy of his hire”. This … Continued

Greece is Stuck

A great deal of speculation surrounds the financial and political crisis gripping Greece.  The country’s politicians have mismanaged government finances for years and while a brief reprieve was given by the European Union a few years ago, the problems continue to crop up.  In simple terms, the country has been spending more than it takes … Continued

Don’t Bet the Farm

Two recent articles suggest that we may be seeing a return to riskier home financing.  Friday’s Wall Street Journal carried an article by Anya Martin asking “Tempted to Put Home Equity to Work?”  Sunday’s Detroit Free Press included a commentary by JC Reindl highlighting the return of Fannie Mae and Freddy Mac insured mortgages featuring … Continued

The Automobile of the Future

Falling gasoline prices, mandated fuel economy standards, media coverage of low volume, innovative vehicle power trains and concern over the environmental impact of fossil fuels, has raised questions regarding the future of gasoline powered motor vehicles. Most car buying decisions are probably based on the purchaser’s requirements relating to affordability (both initial cost and continuing … Continued

Dave Bergman Tribute

The Detroit area baseball and business community lost a man of true grace and grit yesterday with the passing of Dave “Bergie” Bergman.  Best known for his exploits as a first sacker with the 1984 Major League Baseball World Champion Detroit Tigers, Dave was a regular fixture in the investment and philanthropic communities following his … Continued

Retirement Road Trip

Imagine yourself planning a road trip across the country.  The route has been mapped out with projected stops based your vehicle’s fuel efficiency.  The amount of time, as well as the cost, has been estimated based on the price of gasoline and your expected speed.  Unexpected events like traffic, weather, or vehicle maintenance will be … Continued

Easing To Create Momentum

The European Central Bank (ECB) announced yesterday plans to begin a $70 billion monthly bond-buying program (also known as Quantitative Easing) beginning in March of 2015.  The monetary stimulus program is expected to last until at least September of 2016.  This means that over the next 18 months, roughly $1.26 trillion will be pumped into … Continued