I have no idea if the next 5,000 points for stocks will be up or down. But I do know your ability to stick with your plan will be tested in a 5,000 point drop. Don’t forget how easy it is to lose money. It may have been a while since some of you have […]
Archives for October 2015
Taxes: The 10 Worst States for Retirees
Kiplinger has released an interactive map of the country ranking the states by their tax-friendliness to retirees. The 10 worst states for retirees are: 10) New York 9) New Jersey 8) Nebraska 7) California 6) Montana 5) Oregon 4) Minnesota 3) Rhode Island 2) Connecticut 1) Vermont See the interactive map here. Kiplinger explains the […]
Lying to a Nation
‘We’ve seen the heavy assault on our post in Benghazi that took the lives of those brave men. We’ve seen rage and violence directed at American embassies over an awful Internet video that we had nothing to do with.” From Hillary Clinton, secretary of state, with President Obama by her side, September 14, 2012. Andrew […]
Rubio Is No Front Runner
The American Conservative’s Daniel Larison details the case that Marco Rubio, under no standard measure, is the Republican front-runner. Larison is most certainly correct, as Rubio’s poll numbers at no point have come anywhere near to matching Trump’s or Carson’s. The Rubio case has been built on a thesis that Trump and Carson will fold, […]
Putin’s Quagmire in Ukraine
It’s not going as planned in Ukraine for Russia’s Vladimir Putin. As has so often been the case in the past for Russian interventions (and not unlike for the U.S.), Russia now finds itself in a costly and debilitating quagmire. Here NPR outlines the view from Foreign Policy: “Militarily, it is a stalemate. … Economically, the […]
A Practiced Actress
Hillary Clinton’s goal going into the Benghazi Committee hearings was to make the Republicans look tiresome and obsessive, which, as Peggy Noonan notes, often is not hard. The Republicans, however, were able interrogators, and Chairman Trey Gowdy “set a tone not of theatrics but factuality.” By addressing at the outset Rep. Kevin McCarthy’s “witless comments,” […]
Bill Gross of Idealab
Bill Gross is the founder of technology incubator Idealab and 100 companies in the last 30 years. This week he was Tweeting from the Wall Street Journal’s 2015 global technology conference held at the Montage, in Pasadena, CA. I believe there’ll be $1 trillion of value created every 5 years, 1/2 from existing companies, 1/2 […]
Meet Russian Biker-Gang Leader Alexander Zaldostanov
Reagan on the Gold Standard
In the October issue of Intelligence Report, Dick Young wrote: Richard Russell is now 91 years old. In a recent Dow Theory Letters, Russell wrote, “I spend most of my time in bed, which gives me plenty of time to think,” an activity that, over the decades, few in the investment industry have done in […]
FLASH: Biden Will Not Run
Joe Biden has told America that he will not run for president in 2016, leaving the Democratic Party with a choice between Hillary Clinton and Bernie Sanders. WashPo reports here.
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