19 Jul 2013

Posted at 09:48h in The Friday Brief by
As you consider the question, do you compare yourself to others specifically, like say to the Joneses, or do you take a more general approach? Do you address wealth on a scale of ability to buy and do the things you want or do you dwell on security? Perhaps you consider friendships, connections, health, talents, shelter and provision as great wealth. Or maybe you don't ever think about it. Imagine that.

12 Jul 2013

Posted at 13:12h in The Friday Brief by
The US economy continues to plow persistently ahead despite the strong headwinds of high unemployment and restrictive fiscal (government spending) policy. The economy added 195,000 jobs in June and has added an average of more than 200,000 each month this year. But the improvement in jobs, while steady, is not so robust that the Fed is going to soon reduce its generous stimulus measures of quantitative easing (QE3) or very low interest rates.

27 Jun 2013

Posted at 22:27h in The Friday Brief by
For much of this year a powerfully rising stock market seemed immune to deteriorating economic fundamentals. The most plausible reason was the Fed pumping billions in liquidity into the economy through their quantitative easing program known as QE3. But last week's markets highlighted some flaws in that logic.