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Vast Difference Between Millionaires and Billionaires

Watch this video on YouTube What’s the difference between a millionaire and a billionaire? Three zeroes and a comma. No, this isn’t a bad joke. It takes one thousand millions to make one billion. That’s a huge difference. Over the past couple of...

Preparing for the Fiscal Cliff

Watch this video on YouTube Whether you’re pleased or disappointed with the outcome of the Presidential election, the question to ask now is, “What does this mean to me?” It’s an especially important question if you own a business or are...

Keeping an Eye on Our Economic Freedom

The United States has experienced a “remarkable plunge in economic freedom” over the past ten years. This is the conclusion of the 2012 Economic Freedom of the World Annual Report, by Gwartney, Lawson, and Hall. The report measures the degree to which a country...

Help Wanted to Understand Unemployment Rate

In an economy that isn’t exactly robust, how can unemployment be going down? The recent drop in the unemployment rate from 8.1% to 7.8% caught almost everyone, including me, by surprise. The GDP grew by only 1.5% in the first quarter, and its growth was under 2%...

Gold in Them There IRAs

Here in the Black Hills, home of the historic Homestake Mine, we know a gold rush when we see one. The last few years have tempted investors to take part in a modern gold rush. The precious metal is thought of as a safe harbor for investment capital during times of...