• Neither Easy Money Nor Tight Money

    “Ni Democracia ni Dictadura” — Graffiti on wall in Rosario, Argentina I recently spent a week in Rosario, Argentina, attending and speaking at an Austrian economics conference (www.austrianeconomicsconference.org). About 100 scholars, students and professors gathered at the conference, organized by | Read More »

  • Will President Obama’s Immigration Policy Hurt America’s Unemployed?

    President Barack Obama tried to put a positive spin on his decision to issue an executive order to give several million illegal aliens clemency but his move also may have an unintended consequence of creating heightened job competition for America’s unemployed.

  • Large-Cap Vanguard Fund Seeks Growth

    The Vanguard Growth ETF (VUG) focuses on a growth investment strategy for investors who are willing to accept additional risk.

  • Why I’m Thankful for ETFs

    Why am I so thankful for ETFs? Here’s a short list of my favorite reasons why we all should be thankful for these fantastic investment vehicles.

  • Why This Wounded Bear Could Become a Bucking Bull

    Russia is a mess. Plunging oil prices, a ruptured ruble, years of a corrosive “kleptocracy,” Western economic sanctions and an unprecedented flight of capital have teamed up to wrestle the Russian bear to its back in 2014. No wonder President | Read More »

  • Winter Weather Mixed with Options Offers Investment Opportunity

    During the last few days, we’ve experienced arctic chills with roughly half the country covered in snow. There are a number of ways to play these freezing temperatures.

  • Vanguard Fund Features Dividend Dynamos

    VIG, a low-expense-ratio Vanguard ETF, tracks the performance of an index that measures the investment return of common stocks that increase their dividends over time.

  • China ETFs: The Biggest Dragons in the Lair

    A prospective client asked me which parts of the world I thought were the best in terms of where to start adding international equity exposure. My first response… China.

  • Why Are Conservatives So Ignorant about Gold and Silver?

    The U.S. Mint announced that it had temporarily run out of 2014 American eagle silver dollars. At $16 an ounce, investors were buying them at record numbers (40 million were sold last year).

  • Focus on What Matters — Products, Strategy and Management — and Forget the Hype

    Google made headlines with news that it’s spending more than $1 billion to lease an old NASA hangar on a historic Navy air base for a 60-year period.

  • Why the Nasdaq is Back

    Back in the 1990s, the technology-dominated Nasdaq was best known for minting millionaires. Today, the Nasdaq is the red-headed stepchild of the U.S. stock market. After all, the S&P 500 has hit almost 40 new record highs in 2014. The | Read More »

  • Government Thinks You’re Stupid

    MIT Economics Professor Jonathan Gruber has been called the “architect” of ObamaCare for his role in helping create the program.

  • The Cheapest Way to Own the S&P 500

    The diversity of investment offerings from Vanguard, a low-expense-ratio exchange-traded fund (ETF) provider, is showcased in this week’s ETF Talk that features Vanguard S&P 500 ETF (VOO), an S&P 500-based ETF.

  • Chinese Stocks Will Never Be the Same Again

    One trend I’ve noticed during the past several months is the lack of international stock exposure in most investors’ portfolios.

  • Wizard of Wharton Predicts Permanently Low Rates, A Continuation of the Bull Market

    “Those who predicted a return of double-digit inflation couldn’t be more wrong.” — Jeremy Siegel Last week on Veteran’s Day, I had breakfast at the magnificent old Union League of Philadelphia with Jeremy Siegel, the University of Pennsylvania’s renowned professor | Read More »

  • U.S. Economic Activity Jumps Sharply in Second Quarter 2014

    Gross Output (GO), a broadened measure of U.S. economic activity, advanced to nearly $30.9 trillion in the second quarter of 2014, a 4.8% annualized jump in real terms, the Bureau of Economic Analysis (BEA) reported today.

  • Tuning in the Fed Among the Market Noise

    As I examine global market conditions, it’s always wise to remember the stock market is a forward-looking creature. That means keeping tabs on what’s coming up around the bend — and there are several items to watch for.

  • Why the ‘Barbarous Relic’ Should NOT Be in Your Portfolio

    The economist John Maynard Keynes once famously dismissed gold as a “barbarous relic.” Keynes was actually referring to the gold standard. But his inflammatory description reflected his heartfelt sentiment about gold. Nevertheless, gold has maintained its unique status as both | Read More »

  • Election Results Tee up Opportunity for President Obama

    The 2014 mid-term election results that gave Republicans control of both houses of Congress also position President Barack Obama to pursue a number of objectives that that may not have been possible if Democrats had retained their majority in the Senate.

  • Vanguard’s Low-Expense-Ratio Bond Fund

    Vanguard Total Bond Market ETF (BND) is a bond fund that also ranks as one of Vanguard’s largest ETFs, with $22.8 billion under management as of Sept. 30.