China Contraction Unexpectedly Continues Third Month

Given that economists hardly expect anything bad ever, this headline is hardly shocking: China’s Factory Activity Shrinks for an Unexpected Third Month. Activity in China’s manufacturing sector unexpectedly shrank for a third straight month in Octob…

Your Own Personal Inflation Rate

This week’s letter is all about how we create the sausage that is called inflation. The Fed has a target of 2% inflation. Aren’t we almost there at +1.9% CPI? Not really, as the Fed uses something called the PCE, and it is barely at +1.3%. Which is…

The Empty Bus

From the Slope of Hope: With all the grousing and grumbling I do here, I thought I’d change my tone and write up a genuinely positive, optimistic post. This has to do with what I think will be a tectonic shift over the next twenty years: tran…

One Dozen Thoughts on Dealing with Risk in Investing for Retirement

Investing is difficult. That said, it can be harder still. Let people with little to no training to try to do it for themselves. Sadly, many people get caught in the fear/greed cycle, and show up at the wrong time to buy and/or sell. They get there late, and then their emotions trick them into […]