We all knew that as the boomers retired it would cost more to support them.
Cartels are a tough thing. The goal is for a small group of influential producers to artificially move a market away from its normal equilibrium, and eventually squeeze more money
Economic theories don’t get much play at cocktail parties, and there’s a good reason.
As populations age, the citizens transition from net producers to net consumers. Unless there are more workers added (meaning young people) that provide goods and services and pay taxes, or the older citizens have stored up an enormous amount of wealth, it will be almost impossible for the elderly population to maintain its standard of living.
Apple has a lot of cash.
At last count, the company’s horde had grown to a record $237 billion. But, as we all know…
‘Tis the season. Earnings season, that is, and I don’t think we’re getting any presents.
The Census Bureau reported that median income jumped 5.2% last year. As I pointed out last week, that’s a solid increase, but…
I came of age in the early ’80s, when Prince was king of the airwaves (pun intended). His smash hit “1999” had an end-of-days feel to it, asking everyone to
Municipal bond investors should view this as a wake-up call. No one wants to wake up owning bonds issued by the next Detroit or Puerto Rico.
British Prime Minister David Cameron must be frustrated with Brexit. He has long pushed for Britain to remain in the European Union (EU), but the vote is turning against him.