The highest debt-to-GDP on record in the United States came following the massive wartime spending for World War II where it clocked in at roughly 113%. By my calculations, we just blew past that record and currently stand at a debt-to-GDP ratio of more than 120%.1 People have been worried about government spending for a…
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Patience is Virtue No One Has Time For Anymore
How technology is speeding up cycles.
How Much Should You Spend On An Engagement Ring?
A podcast listener asks: Any advice or rules of thumb for getting an engagement ring? The whole “3 months salary” thing seems impractical and outdated, in my opinion. In my mid 20’s, thinking about making the leap in the next year or so. Someone gave me a similar rule of thumb when I was in…
Generational Wealth Inequality
Why millennials have a right to be angry at the baby boomers.
Mortgage Rates Are Insanely Low
The impact of lower mortgage rates on your finances.
How Rich People Go Broke
Personal finance lessons from Robert De Niro.
Investment Policy for Institutional Investors
Charley Ellis once said, “Investment policy does not enjoy much popularity. Almost everyone agrees that it is a “good” thing, but almost no one does anything about it.” I’ve had conversations with a number of institutional investors over the past few months because a crisis is typically the time organizations either (a) realize they don’t…
It’s Easier to Start a Bull Market Than Prevent a Bear Market
A look back at the 1980s bubble in the Kuwait stock market.
5 Thoughts on a World with No Yield
Investing in a world with no yield on safe assets.
How Often Do Long-Term Bonds Beat Stocks?
Why stocks don’t always outperform bonds over the long-term.