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Economic Theory

Category

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November Stock and Fund Picks

Socio-Economic Aspects of Election History: I was mortified when Richard Nixon was voted back into his second presidential term. But then I realized that most people were afraid of communism's spread and wanted protection from it. Moreover, those who could perceive what Watergate would become were very much in the minority. There are some parallels to Trump's recent election victory. Many blue-collar workers have lost jobs to competition from international trade over the last 80 years or so because every…

Warren Buffet explains the wealth gap

An advanced market economy Buffett believes the market economy has become more and more “specialized” with “economic rewards flowing to people with specialized talents.” This, he says, has caused the wealth gap with many people barely getting by while others thrive. “It was an agrarian economy a couple hundred years ago,” he said in an interview with CNN. “Very hard, you know, to get 20 times the wealth of the next guy because you were a little bit better farmer.…

June Stock and Fund Picks

June 28, 2023: Because the Fed intends to carefully proceed by looking at downside (recession) risks versus inflationary risks, we can expect them to try to avoid causing a recession. But, recent strong economic activity in areas such as capital goods manufacturing, housing construction, strong service sector and a still fairly resilient labor market mean that a recession would be relatively more difficult to accomplish. This gives the Fed ample room to pursue it's anti-inflation goal. Inflation is still too…

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