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You Are About to Get Killed in Bonds
Many investors, commentators and financial managers have perpetuated and subscribed to the fiction that those who want to protect themselves from an overvalued stock market should be moving to bonds. In fact, a recent New York Times piece,... Read →
Jamie Dimon Says that Bitcoin is Fraud About to Blow Up
Jamie Dimon, the Chase CEO and Tufts alumnus, blasted bitcoin today saying it is a fraud that will eventually blow up. Bitcoin has enjoyed a tremendous run and may or may not be due for a significant pullback. It, however, is not... Read →
With Hurricane Irma They Love Me Again!
I remember the time when banks would regularly offer incentives (toasters, blenders, and the like) to open accounts, add money to an account, or upgrade to full service. Those were the times when they were competing with one another to... Read →
Why This Doctor Won’t Be Watching Football this Fall
The football season kicks off this evening with the defending champion New England Patriots playing the Kansas City Chiefs. I won’t be watching this evening. In fact, I won’t be watching any games this year or any games any... Read →
It Took Facebook 10 Months to Admit What Every US User Knew in November
Facebook was completely taken over by fake news and fake advertising. It allowed itself – absolutely willfully – to be taken over by stories planted and paid for by Russian backers about everything from Hillary’s supposed... Read →
Evil Twins
The hair says it all! These are two men, each of whom holds the security and well being of the planet in his hands and each of whom is at war with the other. Calm and reason seem foreign to both. We are back to primitive times –... Read →
Hubris - Obama's Note for History
President Obama wrote a stirring note to the new President moments before he surrendered the presidency to Donald Trump. He left it in the top drawer of the desk in the Oval Office. Ostensibly, it was a private note from him, not one to... Read →
US Auto Industry Gets a Big Boost from Hurricane Harvey
The storm did huge damage to the city of Houston and to the lives of its residents. Its devastation is biblical. But the American auto industry, briefly depressed before the storm due to slowing sales and larger than normal inventory... Read →
EverBank Returns to Its Earlier Monkey Business Following TIAA Acquisition
EverBank today launched a 3-year MarketSafe Emerging Currency CD. I could write ad nauseum here about how inappropriate this investment is for most unsuspecting investors. I could write about why it shouldn’t be called a Certificate... Read →
Portfolio Drift
While Donald Trump has certainly caused concern to some over his style and actions as President, few have been anything but jubilant over the impressive rise in the stock market since January. Actually, if one looks back to late 2008 when... Read →
Image Millenium Hilton Bangkok
Bangkok, Thailand – 9/20/2006; Washington, D.C. – 9/20/2017
It was early in the morning in Bangkok on September 20, 2006. Thaksin Shinawatra, the billionaire telecom entrepreneur who had become Prime Minister of Thailand to order to increase his own wealth, had been deposed in a military coup only... Read →
Image Sporting News
Danny Ainge Makes the Worst Trade Since the Boston Celtics Traded Him Away
I was a college sophomore living in Boston when the Celtics traded Danny Ainge to the Sacramento Kings for Joe Kleine and Ed Pickney. While the Celtics still had their championship lineup from earlier years (Larry Bird, Kevin McHale,... Read →
Pretty, It Isn’t Going To Be, But…
Seven months into the Trump presidency, we can now see forward for the next three and a quarter years more accurately. It’s fair to say that by now we all have a full measure of the man who is President. His base is no less... Read →
Image Courtesy: Wailea Beach Resort
Marriott Merger Opens Up Opportunities for Great Starwood Redemptions in Hawaii
Editor's Note: The redemption opportunity described below was removed by Marriott effective August 18, 2018 when they eliminated the hotel and air package redemptions. If you are like me and most Starwood customers, you probably did... Read →
Image Courtesy: Marriott