Robert Frank writes in the New York Times on 11/28/10, that taxpayers who have incomes above $250,000 can handle the tax increases embedded in the expiring tax cut legislation from the Bush Administration because it would not “…affect their own standard of living.” He notes further that “Truly wealthy families wouldn’t have to alter their … Continued
As a former professional baseball player, it appears appropriate to me to take my “portfolio managers” hat off and turn it around and attempt to be the General Manager for the Detroit Tigers in analyzing where the Tigers were a year ago versus where they are today, given the announcement of recent trades and some … Continued
Thanksgiving has always been my most favorite holiday. I have many childhood memories waiting downtown Detroit for Santa to appear on Woodward. My Dad and Uncles would wedge a wooden plank between two ladders from where my sister, cousins and I would watch the parade while drinking hot chocolate from a thermos. While the parade … Continued
While we think there is some small cause for celebration in GM going public today and repaying a portion of the taxpayer’s money, we believe GM has a long way to go before proving it is a completely rehabilitated company. GM still has a number of problems to face as a public company. Their market … Continued
The United Nations reported on November 4, 2010 “There had been tremendous advances all over the world since 1970, as indicated by the Human Development Index… .” This Index measures health, education, and income levels across the globe. Some may assert it is not a comprehensive measure of the well being of the world’s inhabitants, … Continued
Like a large number of their fellow Americans, the Democrats lost their house on Tuesday. The power has shifted in Washington with the Republican controlled house serving as a counterbalance to President Obama and the Democratic majority in the Senate. A major concern is gridlock in this weak economy. Gridlock would be a result of … Continued
Given expectations of material changes in the contours of Congress after next week’s elections, it is not inconceivable that the leader of the Democratic Party, President Obama, could launch a “November Surprise.” While this is pure speculation, our hunch is that it could be related to the Afghan war which is very unpopular with the … Continued
There has been much discussion regarding the outflow of college graduates from Michigan. By some accounts more than half of all recent college graduates have left the state for a job. We’ve experienced it with our own family members, and have heard plenty of similar stories of our clients’ children heading to Chicago, New York, … Continued
Washington DC policymakers continue to grapple with measures to spur job growth. The October 12, 2010 issue of the Wall Street Journal does a service to its readers with the inclusion of one of James Madison’s 222 year old submissions to the Federalist Papers (Number 62). His observations are every bit as insightful now as … Continued
The Dow Jones Industrial Average has been bumping up against the “11,000” level. While for those who are “long” stocks, the increase means their net worth has been enhanced, but there is still nothing particularly noteworthy about this level. However, investors and observers are riveted on these milestones and accept each as a barometer with … Continued
We haven’t talked too much about inflation here and have recently noticed concerns about inflation have been somewhat mitigated in the press and blogosphere. We get especially nervous about something when everyone else thinks it’s not worth worrying about. Inflation is a measure of a general rise in prices of goods and services over time. … Continued
Gold prices spiked this week, gaining over $50 per ounce in one trading day. In the absence of evidence of widespread, surging consumer prices, and with relative calm on the geo-political stage, the natural question to ask is, “What does this signal?”. Japan and China have intervened in currency markets this week with Japan trying … Continued
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