Demographic Trends

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Demographic Trends

What Killed the Middle Class?

Our middle class has been shrinking substantially since the 1960s and ’70s. Today, their share of wealth is the lowest in the world, at a mere 19.6%! But what exactly

Demographic Trends

There’s Not a Snowball’s Chance in Hell of 4% Growth!

What the hell are Donald Trump and his new Treasury Secretary, Steven Mnuchin, smoking?! A new supply-side strategy? Just when we have overcapacity everywhere thanks to the greatest debt bubble

Demographic Trends

This Thanksgiving, Don’t Regret Missing Personal Time

This month I received a jolt to my system, and I’m not talking about the election. The day before voters elected Donald Trump the next president, my brother died of

Health Care

Premium Healthcare Increases Spell Death for 2017

My tan from my recent trip to Florida has started to fade, but the impressions from several of the great speeches I attended at the Irrational Economic Summit have stayed

Purchasing Power

What Declining Earnings Continue to Tell Us

‘Tis the season. Earnings season, that is, and I don’t think we’re getting any presents. This week Alcoa kicked off the third-quarter earnings announcement season. The next couple of weeks

Education

One Failed College, Two Big Lessons

I’ve always been fascinated by daytime television. It’s not the soap operas and Judge Whomever shows that captivate me, it’s the ads. To judge by what people are selling, there

Retirement

Retirement: You Won’t Enjoy It If You’re Broke

I walked to work today. Granted, the weather was nice and it was only about a mile and a half, so it wasn’t any major accomplishment. But for someone whose

Health Care

Killing Us with Healthcare

I’ve never heard anyone brag about what they spend for a medical procedure. Healthcare isn’t like housing or transportation. People are proud to shell out big bucks for a big

Life Cycle

Female Professionals are Changing Consumer Spending

I recently dropped off my youngest at college for her freshman year. She’s finally free of the prison rules of high school, and can explore life as a young adult.

Demographic Trends

Be Nimble or Be Banished to History

I wrote an article back on July 7 called “Bond Bubble to Burst.” It’s an important topic. I’ve been predicting for a long time that 10-year Treasury bond yields could