The latest bubble forming on the horizon isn’t in real estate or stocks. It’s the cost of a college education, up four times the rate of inflation since 1985—twice as much as health care costs. What’s driving this stratospheric rise? Just like the housing crisis, easy...
At the heart of America’s overspending are two popular entitlement programs, Social Security and Medicare. Most Americans count on Social Security for a significant portion of their retirement income and on Medicare for all their retirement health care needs. One...
Pull your hat down and hang on tight. Once again, the stock market roller coaster has left the station. One floor trader said in his 43 years he’s never seen the volatility we’ve experienced in the past two weeks. I guess 2008 was just a warm-up. It seems...
If I had high blood pressure, I would have to give up listening to Sunday morning news shows. I’ve never figured out how politicians can so convincingly weave false information and partial truths into spin that they deliver with a straight face. One of the more...
We may be about to hit the ceiling. Unless Congress and the President come to some agreement sooner, on August 2 the United States will reach the legal limit of its borrowing capacity. The usual response from Congress when we come close to the debt ceiling is to pass...
