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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

Purchasing Power

Here’s What You Missed This Week On Economy And Markets

I just can’t help but shake my head at yet another unfounded moment in the equities market. Almost every day this week,  stocks reached new highs… when will the madness

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Another Tax Credit, at Taxpayers’ Expense

This year, tax day arrives soon after Tesla Motors unveiled the affordable Model 3. Well, maybe affordable isn’t the right word. With a base price of $35,000, it’s more expensive

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The Financial Health of U.S. Consumers Is Tepid at Best

The U.S. economy has added millions of jobs since the financial crisis of 2008. The Fed has added trillions of dollars to their balance sheet and kept rates at or

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The Affluent Market Is Finally Fading… and Fast

About 30 years ago, I was able to predict the U.S. would see a major generational spending peak in 2007, all from my demographic indicator, the Generational Spending Wave. On

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At This Rate, Japan Will Fade From Existence

Japan has adopted negative interest rates as the latest effort to revitalize its dying economy. But the country has been falling down the demographic cliff after its baby boom ignited

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It’s the Current Boom in the Spending Cycle, But…

In November of 2001 I was on an investment panel with three other people, including David Tice of Prudent Bear fame. He was riding high because, in addition to the

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People Just Don’t Get Demographics

Nearly everyone these days realizes the importance of demographics, but the majority fail to understand the bigger picture, focusing solely on supply and ignoring demand. And it’s going to be a big problem.

Purchasing Power

The Numbers Are In: 2013 Wasn’t So Bad After All!

When the Census Bureau reported last year that 2013 real median household income rose by a whopping $180, I was quick to poke fun. $180? What would we all do

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Young Families Today Can Hardly Afford to Make Ends Meet

I recently wrote about the cost of child care, which got me thinking of my own experience. My wife and I were in our mid-20s when we had our first