Haddonfield NJ- After 15 years working in the financial and insurance field, Adam V. Puff knew exactly what he did not like about the industry. Adam decided to do it his way. On Saturday, September 21, he will launch Haddonfield Financial Planning in a bigger space.Read More
"Cryptocurrencies: The Ultimate Safety Valve"Read More
The 99% Get a Bigger Raise!!!Read More
Following World War 2, many believed that the central planning that won the war was also a framework for economic prosperity. The United Kingdom tried to apply it with coal and steel, while Japan focused on consumer products. The UK strategy was a failure almost from the start, and it took Margaret Thatcher's leadership in the 1980's to get back on the free market path. Japan got lucky, and their growth in the 80's caused many to think that economic theory had been turned on its head. But when the music stopped, Japan's luck was exposed. They couldn't pivot.
Now many think China's communist approach has proven itself a path towards sustained growth, but they are missing the message of history.
Furthermore, if only the US were to go on the gold standard, this move would create a windfall for those countries with large gold reserves and would also put the US money supply at the mercy of Russia, China, and a few other countries who are not our strongest allies at the moment.Read More
Oops, they did it again!
Just weeks ago, the pouting pundits were predicting near-zero GDP growth in the first quarter.
Instead, last Friday's report showed real growth at a 3.2% annualized rate. And Q2 looks likely to come in above 3% as well.
For the umpteenth time, Conventional Wisdom said the growth was over. The economy – and markets – had reached their peak.
Just because wisdom is conventional, doesn't mean it's correct.
The logic of Alberta leaving Canada is difficult to deny. If the rest of Canada remains hellbent on cramping the Albertans’ style, why not quit the Canada Show? Alberta isn’t dependent on the federal government’s financial handouts like other provinces. It has an energy sector, public infrastructure, educational system and workforce that has drawn plenty of international investment interest on its own. Negotiating export pipelines directly with the United States would be infinitely easier than with other Canadian governments, especially since the U.S. Gulf Coast is home to the only concentration of refineries in the world that can process Albertan heavy crudes. The money the Albertan government would save by not having to underwrite the rest of Canada would be gob-smacking.Read More
Everyone has heard of the Federal Reserve Bank or “The Fed” and that it has something to do with the value of our money — and so it must be very important. But few even claim to really understand what the Fed does and how it does it.Read More
The Dow Jones Industrials Average and S&P 500 are breathing down the neck of record highs set last Fall. Some take that as a sign to sell, time to shift out of equities and realize gains. We think that would be a mistake.Read More
It feels like we are living in the Land of Oz and the Fed is the "all-powerful" wizard in control.
From just about every significant group of thought leaders – the press, politicians, economists, analysts, and government officials – the narrative of the past twelve years has been all about government and nothing about the entrepreneur. They say the crisis ended because of government bailouts and easy money. It's an artificial sugar high, covering up fundamental problems that still exist and could come back without the Fed's support.
It's March 8, 2009. The market's down 56% from its all-time high, unemployment is over 8% and hurtling toward 10%, it's just been reported that real GDP dropped at a 6.2% annual rate in Q4 of 2008, and it feels like the world is coming to an end. You're tired, exhausted from living though this, and you fall into a deep sleep. So deep, in fact, that you don't wake up until today, 10 years later.
Twenty-two trillion! It's a number we have been hearing a lot lately. Five years ago, it was seventeen trillion. Sometimes as a statement, sometimes a question. Debt – consumer, business, but most notably government – has a permanent spot on many investors' minds. But knowing the level of debt hasn't helped investors. It needs to be taken in context.Read More
In civilized societies, children are taught not to bully. The “#MeToo” movement has declared war on adult sexual bullies. But there is one area where the bullies have not been called out and, in fact, are often applauded, even though they have hurt thousands of times as many people as Harvey Weinstein.Read More
Talk about destroying a narrative. On Friday, the Labor Department reported 312,000 new jobs in December, with an additional 58,000 from upward revisions to prior months. Recession talk got crushed.Read More
We are using any pull back as an opportunity to add to our equity positions and expect a deeply oversold market to rebound early next year.Read More
Black Friday had a 23.6% increase in online sales this year, according to Adobe Analytics, which tracks sales at 80 of the top 100 internet retailers, with one-third of the sales via mobile devices – that's up from 29.6% in 2017. Looks like more people are getting comfortable with making buying decisions on the go rather than at a desk.Read More
Stocks are Still Cheap, watch the video to find out why!Read More
The odds of a recession happening anytime soon remain remote, we it at 10%, or less. And a recession is what it would take for us to expect a full-blown bear market. In other words, the current downdraft is just heartburn, not a heart attackRead More
In an uncertain world, says Dimensional’s founder and Executive Chairman, the right financial advisor can help you determine the best overall investment approach.Read More
Home ownership is growing faster than you think!Read More