Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Bob's Blog on Retirement & Beyond

U.S., China Trade Conflicts And The Financial Crisis

September 21, 2018

This article argues that the financial crisis and the responses to it were major causes of the current conflicts between China and the U.S. China’s growth accelerated after the crisis, while the U.S.’s slowed. That put China on a much faster track to become the world’s largest economy and take market share from the U.S. […]

Why People Buy What They Buy

September 20, 2018

This article delves into the question almost everyone in business asks. It tries to answer the question of why people buy the things they buy. In particular, it looks at buying trends and some fads. It concludes that there’s a strong element of emotion in many buying decisions, especially those that become widespread trends. You […]

Learning From The Financial Crisis

September 19, 2018

Two of the leading economists on financial crises wrote an essay on lessons that should be learned from the financial crisis. They include lessons that never should have been forgotten but that policymakers didn’t remember at key moments of the crisis. Financial crises do so much economic damage for a simple reason: they destroy a […]

Down To The Wire For Brexit

September 18, 2018

The U.K. and E.U. continue to discuss the terms of the U.K.’s withdrawal from the group. The final deal is supposed to be done in November, but the two sides have differences on some key issues and haven’t discussed some others. This article provides a good review of where things stand and how negotiations are […]

Why To Stay Invested

September 18, 2018

This article argues that the best way to protect your portfolio in the next downturn is to stay invested. You are very unlikely to be able to time both an exit near the top of the market and re-entry near the bottom. It’s better to stay invested. Why? Studies repeatedly show that individual mutual fund […]

A Critic Takes On Central Bankers

September 17, 2018

Here’s an interview with Nomi Prins, a former banker at Goldman Sachs and Bear Stearns. She has a book that alleges central bankers misbehaved before, during and after the financial crisis. In the interview she explains what central bankers have done wrong and why things are set up to make the next downturn worse. At […]

An Insider’s Report On Lehman’s Last Days

September 17, 2018

This essay is the personal tale of a Lehman Brothers employee at the time of its demise. He gives some insight into what the regular employees were thinking and being told 10 years ago when the firm filed for bankruptcy and caused a market and economic spiral. It was easy to be in denial. We […]

Freeze Your Credit Report Free

September 17, 2018

A federal law that takes effect September 21 allows you to freeze your credit report free. Previously, the three credit-reporting firms required modest payments to freeze your report. The benefit of freezing your credit is that identity thieves won’t be able to open accounts in your name. Typically you’ll get a PIN each time you […]

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