• Attention, Income Seekers: What’s Better than Annuities?

    “When I was young, I thought that money was the most important thing in life; now that I am old, I know it is.” –Oscar Wilde Currently, I am reading Tony Robbins’s bestseller, “Money: Master the Game.”  To be upfront, I’ve | Read More »

  • Steve Moore Talks about Unions, Money and How to Win the Presidency in 2016

    I spent time last weekend with Steve Moore, the Heritage Foundation’s chief economist and a writer for The Wall Street Journal.

  • Are We Headed for Another 1937-Style Recession?

    Just as the economy was recovering from the Great Depression in the 1930s, suddenly industrial production fell by 32%, unemployment rose to 20% and the stock market fell in half.

  • Just What the Money Doctor Ordered

    Expect more money to be spent to pay for senior citizens’ medical expenses, nursing homes, etc.

  • How to be the Next Millionaire Next Door

    If you want to be wealthy, live below your means.” – Paul Merriman A few days ago, Thomas Stanley, author of “The Millionaire Next Door,” died in a car accident at the age of 71. I met Mr. Stanley at the Atlanta Investment | Read More »

  • High-Dividend-Paying Investments Show Higher Earnings Growth

    I had lunch yesterday with Rob Arnott, founder and CEO of Research Affiliates, a California-based investment management firm. The company manages more than $170 billion. Mr. Arnott is also a financial wizard, having written several award-winning academic papers for the Journal of | Read More »

  • Can We Still Make Big Profits in the Stock Market? Yes, We Can!

    Since the early 1990s, interest rates have gradually fallen — but can this last?

  • Look, Mom, No Traffic Jams!

    Right now, there’s a $78 billion shortfall in the Highway Trust Fund that builds and repairs our vast Interstate Highway System. How are we going to pay for it?

  • Apple’s Success Confirms the Great Man Theory and Say’s Law

    The late Steve Jobs, the creative genius behind Apple Inc., is a perfect example of Friedrich Wieser’s great man theory… and of Say’s law, “supply creates demand.”

  • Why the Latest B2B and GDP Data Are Bullish!

    Economic growth cooled to a 2.6% annualized rate, much slower than the 5% rate reported for the third quarter. Why is this news bullish for the stock market?

  • Why I Hate Taxes and Tax Collectors!

    We constantly hear about the need for tax reform but never really get it.

  • GO Faster than GDP

    Gross Output (GO), a broadened measure of U.S. economic activity published by the Bureau of Economic Analysis (BEA), grew to nearly $31.3 trillion in the third quarter of 2014, a 5.2% jump in real terms (annualized).

  • Wild Ride on Wall Street: When Will it Recover?

    Like a bad penny, one particular economic fallacy keeps coming back.

  • The World’s Most Dangerous Tax

    Thomas Piketty argues that the gap between rich and poor is getting so bad that it will destroy “democratic capitalism.” He recommends sharply higher progressive taxes on both income and wealth.

  • Incredible Prediction for 2015

    Joel Stern, professor of finance at Columbia, Carnegie-Mellon, the University of Cape Town and three other major universities, shocked our audience by…

  • Another First on CNBC, Thanks to Rick Santelli

    Rick Santelli, CNBC’s commentator on interest rates, is the father of the “tea party” after his rant in 2009 against the government bailouts. Now he is a new supporter of my Gross Output statistic. A few weeks ago, he said on the | Read More »

  • Janet Santa is Coming to Town: A Christmas Gift for You

    In the face of another crisis on Wall Street, Fed Chair Janet Yellen eased investors’ fears in a news conference, saying that the U.S. economic recovery still needs support from Fed stimulus.

  • Is a Stock Market Correction Due?

    After five years of double-digit percentage profits on Wall Street, a correction is due, and I would not be surprised to see it happen in 2015. What could trigger it?

  • New Government Statistic Predicts Boom Ahead

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

  • 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 »