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Has Retailing Become A Zero Sum Game?

Looking at recent earnings reports from the country’s major retailers, it is apparent that some have been very successful, handily beating expectations, while several have reported disappointing results and provided reduced guidance, with surprisingly few in between.  Has retailing devolved into success based on grabbing market share?  To some extent, this may be the case.  […]

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Reversion to the Mean – A Reminder

Reversion to the mean is not a new concept and we most recently discussed the principle in a blog, Reversion to the Mean, posted on 11/1/2017.  With the popular averages up some 30% in 2019 it might seem logical to expect a sharp reduction in the near future.  This may occur, but it is important […]

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“Fix the Damn Roads”

This was a major talking point in Gretchen Whitmer’s successful campaign for Governor of Michigan.  The problem of a deteriorating infrastructure is not limited to roads or to Michigan.  Infrastructure has been a recurring theme in state and national politics for years, and phrases like “shovel ready” raised hopes that the political class would finally […]

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What is the Secure Act?

The Secure Act is piece of retirement legislation that was making headlines the past several months as it navigated through Congress. The House of Representatives passed the proposal back in May of 2019 and it was recently approved by the Senate in the middle of December. The Secure Act imposes a spectrum of changes primarily […]

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The Difficulty in Market Timing

We live in uncertain times.  Domestically, we are confronted with a divided Congress, impeachment of our President, an annual deficit that is now greater than $1 trillion and a national debt that has topped $23 trillion.  Overseas, we are engaged in a trade war with China, we are under a constant nuclear threat with Russia, […]

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Did You Keep Your Landline?

Extended power outages, which are likely to recur in California, are revealing an inconvenient truth about modern telephones: no power, no phone service.  Power outages cut service to cell towers and to cable providers that sell home voice services, often advertised as land lines.  Consequently, hundreds of thousands of households may be cut off from […]

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