Rising Interest Rates or the Brink of QE4?

My colleague, Wenny Gorman, explained in her recent blog on inflation that as prices rise, consumers are more inclined to make their purchase today as opposed to waiting.  This is because in an inflationary environment, prices are rising which means the same purchase will require more money in the not too distant future.  With deflation, … Continued

Inflation Shows Biggest Drop in Six Years

Inflation is the sustained increase in the general price level of goods and services.  As inflation rises, every dollar buys a smaller amount of goods.  For example, if the inflation rate is 2%, then a $1 loaf of bread will cost $1.02 a year from now. The consumer-price index is a broad gauge of inflation.  … Continued

Personal Succession Planning – Part I

I recently gave a presentation to clients regarding personal succession planning.  I prefer to call it personal succession planning versus estate planning because many people view estate planning as only being important should one die, but it also comes into play should you become disabled or unable to make decisions for yourself.  Failing to plan … Continued

Dr. King, The Visionary

“The difference between a dreamer and a visionary is that a dreamer has his eyes closed and a visionary has his eyes open.” – Dr. Martin Luther King, Jr.

Thunder, But No Lightning?

I don’t take lightly the 3+% move in the markets over the past two days.  And, be assured, down days in the market leave a much more lasting impression in my mind than big up days (which is why I was able to cite below the date and statistics of events 27+ years ago without … Continued

Housing Prices, A Good Consumer Barometer

Home price growth slowed in October and the question that lingers is whether the recovery from the slump in pricing that began with the Great Recession in 2008-09, is coming to an end.  This is an important consideration because price growth provides the accumulation of equity that typically allows homeowners to “trade up.”  The cycle … Continued

Oil Price Confusion

Media commentary regarding the price of oil tends to focus on two widely quoted markets, Brent and West Texas Intermediate (WTI). The price of Brent crude reflects North Sea sourcing, whereas WTI is used as a benchmark in oil pricing.  WTI is the underlying commodity of the Chicago Mercantile Exchange’s oil futures contracts.  There are … Continued

Be Careful What You Ask For

Because someone is likely to come along and promise to give you exactly what you are asking for.  If you believe that you need a 5% return on your fixed income portfolio, or a certain and consistent 12% annual increase in your equity portfolio, someone will come along and promise just that.  Often, the promise … Continued