Reality Check continued

Pity the young couple that is now in hock for $500,000 for the next 30 years. If the couple has an ARM, even worse. With the new bankruptcy law, it's even worse.... keep reading

The next major stock market reallocation will benefit investors who have little or no debt, other than in income-producing real estate in non-bubble regions.... keep reading

Voters are slow to change their minds, but eventually they do, as bad news drips, drips, drips into the media. If an Administration's policies do not adjust, voters will then adjust their voting behavior.... keep reading

The lure of retirement is great. In the 20th century, most Americans dreamed of retirement in comfort, yet full economic independence. That dream will die in the 21st century. Good riddance.... keep reading

Interest rates allocate capital. When rates rise, asset allocations change. Those investors who do not recognize the effects of rising rates stick with the old allocation.... keep reading

The reality of the stock market is that the masses are not participants. Most shares are owned by the elite. The elite think alike and invest alike. This is why bubbles develop.... keep reading

Pressure on the Federal Reserve to change its policy of low short-term rates came from Asia.... keep reading

The man who kept New York City from going bankrupt in 1975 is not sure how Americ will keep from going bankrupt in the near future.... keep reading

America enjoyed the competitive edge for almost a century. This edge is now fading, as the trade deficit indicates. When we lose that edge, our standard of living will fall. What about your's? Are you prepared to prosper despite the general decline?... keep reading

There is a huge new source of demand for foodstuffs: China. Soon, the Chinese will be in competition with the rest of us. Agriculture is one export sector that will do well.... keep reading

If your company is not outsourcing, it is in deep trouble. So are you as an employee. Here's why.... keep reading