Category Archives: The Mine or the Shaft

Even before the novel coronavirus appeared, many American families were falling behind on student loans, auto loans, credit cards and other payments. America’s debt overhead was pricing its labor and industry out of world markets. A debt crisis was inevitable … Continue reading →

Amid a wave of coronavirus panic buying, no product has proven to be more prized than good ol’ toilet paper — no matter how many plies. The mass buying spree has many wondering why people choose to stockpile the basic … Continue reading →

We haven’t seen anything like this since the last financial crisis erupted in 2008. Wall Street has been gripped by a tremendous amount of fear, and the volatility that we are witnessing would have been unimaginable just a couple of … Continue reading →

I have never claimed to be an economics “expert” or anything remotely close, but my university years did make me well familiar with certain aspects of higher math as course requirements and quantitative methods of social science research, especially as … Continue reading →

Always and again the magic of money presents us with problems. These problems change constantly. Time after time experience teaches us that there is no universally-valid system by means of which monetary problems may be solved. Every new situation demands … Continue reading →

This one number will help you more accurately plan for retirement — thanks to the Secure Act. A $100,000 or even $200,000 balance in a 401(k) plan might seem like a lofty amount of money — and it is — … Continue reading →

One thing Trump (did NOT) brag about in his State of the Union… his plans to cut Social Security, Medicare and Medicaid His tax cut isn’t helping the economy, but it did blow a hole in the budget that he’d … Continue reading →

Everything great in the world is done by neurotics; they alone founded our religions and created our masterpieces. ~ Marcel Proust I had a professor in college who always said, “It’s going to get a lot worse before it gets … Continue reading →

Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other “shadow banks” borrow to finance their trades. Under the Federal Reserve Act, the central … Continue reading →