Richardcyoung.com

Pension Reform?

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Mayor Jim Gray of Lexington, Kentucky is taking a victory lap for pension reform. But at the end of the day Lexington, KY is still in the pension business. A true victory for taxpayers would be a complete exit from pensions. The private sector, where most taxpayers work, has already shifted to a defined contribution […]

Weekend at Bernanke’s

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Clearly Fed Chief Ben Bernanke has checked out and has started dreaming about retirement with yesterday’s Weekend at Bernie’s performance. Was Janet Yellen propping him up? And since when did the Chairman of the Federal Reserve become the President of the United States? His comments sounded like talking points sent directly from the White House. […]

How Vanguard Wellesley Won the War

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You want to keep this chart on your refrigerator because there’s been a lot of talk in the press lately about 2008. Looking back five years later is always easier than living through it. What the press fails to explain is the emotional and financial toll 2008 leveled on so many retirees. There’s a breaking […]

Join the Union: What do You Get?

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It seems the AFL-CIO is so desperate for members, it’s even offering memberships to people who don’t belong to unions. What do these folks get from a membership? No one really knows, but the union bosses at AFL-CIO get more money to fund their progressive political arm. The editors of the Wall Street Journal highlight […]

Coolidge

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The template already exists for a smaller government. In this video Amity Shlaes discusses our 30th President and the subject of her book Coolidge.

Controlling Your Blood-Sugar

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As you have read from Dick Young:  Jonny Bowden, Ph.D., C.N.S., has created one of the most vital books on the health of your family you will ever find, The 150 Healthiest Food on Earth. The lavishly illustrated, 358-page weighty tome gives you more vital information on foods that can keep your family healthy than […]

Bailouts, Sweat Shops, and I.O.U. Nation

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On September 20th the Dow Jones Industrial Average will shake-up its roster of names—the biggest change since 2004. The move says a lot about where the country stands today and also the casino mentality of the market. Let’s talk about the casino first. The pit bosses at the Dow are basically timing the market to […]

The Destruction of Money

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If you think the Federal Reserve’s struggle with its tapering problem is bad, stay tuned because you ain’t seen nothing yet. Take a look at my chart series below and in a matter of seconds you get a feel for exactly what the Fed has done for the stock market. There isn’t a shade of […]

Hedge Funds Take 25% of Rhode Island’s Profits

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Taking a quarter of the profits in fees is outlandish especially when the profits are a thin as they are for Rhode Island. The Wall Street Journal reports: The Employees’ Retirement System of Rhode Island puts 14% of its investments in hedge funds. One firm it invests with, California-based Ascend Capital LLC, recently offered to […]