Recent Posts

Biden can’t see why America is in trouble

President Joe Biden is right that American democracy is under threat. Unfortunately, he seems not to know why, or what to do about it. The president’s prime-time speech was a typical Biden performance — rambling repetition, theatrical intensity, all soul-baring emphasis and next to no content. At least it was brief. And, to be fair, Biden did modify his recent ...

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Yuan’s slide is too big for China to stop

China’s economy is faltering and so is its currency. The yuan’s drop to a two-year low has led to hand-wringing that emerging markets have lost an anchor. The slide is regarded with foreboding in Asia and trepidation as far away as Africa and Latin America, where China has sought to extend its commercial footprint. Bears are everywhere. That it has ...

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Pensions not a remedy to retirement anxiety

  The market is down, inflation is up and your retirement prospects aren’t looking so good. It’s tempting to pine for the old days, when employers provided defined pensions to workers, giving them more certainty in their golden years. Except…. it wasn’t quite like that, actually. Defined benefit pensions are overrated. Even in this scary market, you should be grateful ...

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