November 4, 2021
Not to many years ago, the United States was on its way to becoming energy independent … until the American fossil fuel industry came under attack from within our own country. This time the reason is not due to our country’s inability to produce enough oil and natural gas for our needs, but an ideology […]
Filed under: Energy, Financial, Politics, TBT by RichC | No Comments »
Tags: biden, energy, fuel, gas, idiom, idioms, natural gas, policy, Politics, price, TBT
October 23, 2021
It is probably inevitable that we will all be using cryptocurrency someday. The early adopters are already immersed and getting comfortable investing and trading it … perhaps too comfortable??? Risks of Leaving Cryptocurrency in Exchange A brief look at the history of Bitcoin and cryptocurrencies reveals why it is dangerous to leave your crypto funds […]
Filed under: Advice, Business, Financial, Innovation, Software, Technology by RichC | No Comments »
Tags: aldous huxley, bitcoin, brave new world, broker, crypto, cryptocurrency, exchange, finance, hardware wallet, investing, trading
August 18, 2021
It is a month and a half late, but concrete companies and for that matter most construction companies are very busy this summer. The COVID19pandemic has put most projects behind and perhaps we should be thankful to be on their schedule. Tearing out (video from Canary Security Cam) and re-concreting a driveway is one of […]
Filed under: Archive, Financial, Movies, Personal, Video by RichC | No Comments »
Tags: canary, concrete, driveway, home, house, inflation, mp4, project, security cam
July 27, 2021
As a longtime subscriber to the Wall Street Journal (and for the last decade or so Barron’s), I’ve learned to appreciate certain journalists, economists and opinion piece writers like Jason Riley at the Manhattan Institute. When he told the inspiring story of Thomas Sowell for PragerU, I quickly viewed the video and applauded – well […]
Filed under: Books, Business, Education, Financial, History, Politics, Video by RichC | No Comments »
Tags: barrons, biography, brainwashing, capitalism, communism, free markets, hoover institution, idealogical subversion, jason riley, marxism, maverick, milton friedman, propaganda, saul alinsky, socialism, thomas sowell, wsj, youtube, Yuri Bezmenov. mp4
June 6, 2021
For years now … no, it is now decades … my buddy Jeff and I have gone out for lunch ever other week and almost exclusively to a Mexican restaurant … primarily for the chips and salsa (and relaxed conversation). Before that, we lived in different cities (he in Florida and then Alabama … and […]
Filed under: Books, Financial, Friends, Personal, Politics, Video by RichC | No Comments »
Tags: book, debating, economy, friends, hyperinflation, inflation, investing, jeffp, lunch, mp4, reading, richc, salsa
May 29, 2021
A separate air conditioning unit has long been on my “want list” for my home office. I’ve contemplated adding a high efficiency minisplit inverter unit for years to better balance the southwest corner upstairs office in our house. It has never really been comfortable in the summer with multiple computers, printers and gadgets, especially in […]
Filed under: Archive, Energy, Misc, Personal, Photos, Shopping by RichC | No Comments »
Tags: air conditioning, heating, home, hspf, inflation, inverter, minisplit, office, pioneer, project, remodel, seer
May 8, 2021
A few times before I’ve thought, and blogged about MMT or Modern Monetary Theory, when it comes to newfangled economics. Personally, I (nor many economists) can accept the thinking or rationalize the large deficits and debt path our country is on. In order to better understand the mind-set, I decided to read Stephanie Kelton’s book […]
Filed under: Books, Financial, Politics by RichC | No Comments »
Tags: book, chart, economics, government, inflation, lumber, mmt, reading, stephanie kelton, the deficit myth
February 18, 2021
Almost 1 year ago, I started to use the Chromium-based Brave Browser and an Uphold account to receive the BAT (Basic Attention Token). I convert to Bitcoin along with the income generated on MyDesultoryBlog.com … which currently seems to be the digital currency of choice; I really did it just for the fun of it […]
Filed under: Archive, Blogs, Financial, Personal, Technology by RichC | No Comments »
Tags: bitcoin, blog, brave, browser, cryptocurrency, digital currency, token, uphold
February 17, 2021
For those of us living in a post-pension world, planning for retirement comes down to how much can be saved in 401K and IRAs … and how to make it last once retired. Most people rely on the “multiple buckets approach” to coming up with enough dollars to pay for bills and “hopefully” live comfortably […]
Filed under: Advice, Financial by RichC | No Comments »
Tags: bonds, dividends, etf, finance, Financial, income, investing, motley fool, mutual fund, planning, retirement, saving, stocks
December 22, 2020
With only a handful of meals out during this COVID19 year with my buddy Jeff this past year, I’ve learned to appreciate them even more than usual. We’ve been having lunch together each month or so as a way to stay connected for decades and for me adjusting to just emails and text messages is […]
Filed under: Financial, Friends, Personal, Politics by RichC | No Comments »
Tags: brainstorming, coron, covid19, debt, deficit, economics, el rancho, friends, idiom, idioms, investing, jeffp, lunch, mmt, Restaurant
June 17, 2020
This content is restricted.
Filed under: Alexa, Apple, Audio, Business, Cellphone, Entertainment, Financial, Human Interest, Memories, Personal, Technology by RichC | No Comments »
Tags: Alexa, annalyn, audio, barbie, barrons, family, finance, gold, hedge, inflation, investing, jack hough, katelyn, memories, mike rowe, mp3, podcast, richc, rudolph, streetwise, trolls, yukon cornelius
March 26, 2020
When I was growing up, I had a passbook savings account that was a teaching tool used by my parents to instill responsible money management. I deposited a small amount in it every few months or so when my mom would go to the bank and got my passbook stamped with an update as to […]
Filed under: Financial, History, Memories, Personal, TBT by RichC | No Comments »
Tags: banking, banks, interest, letter, money, passbook, rates, saving, savings, scan
March 17, 2020
Since all Americans are in this fight together, it is appropriate we take the precautions necessary to slow the spread and "flatten the curve" of the Coronavirus so that our hospitals and medical professional can help those who are in need of their care. Appropriately each state has stepped up with their own actions – […]
Filed under: Advice, Health, News by RichC | No Comments »
Tags: cdc, coronavirus, covid19, do your part, psa
March 7, 2020
I’ve purposely put off posting anything to MyDesultoryBlog as the worldwide spread of the Coronavirus Disease 2019 (#COVID19) began. Partially since it is challenging to separate the unfounded fears and panic from the real threat since the reporting varies based on news sources (Information from China is particularly questionable but western media sources aren’t all […]
Filed under: Business, Financial, Health, Medical, News, Weather by RichC | No Comments »
Tags: 401k, be prepared, boy scouts, bsa, cdc, coronavirus, covid19, disease, flu, Health, idiom, idioms, infection, influenza, investing, ira, mortality, opinion, pandemic, precautions, retirement, savings, seasonality, trading, virus, who
January 14, 2020
The stock market continues to rally on positive news: low inflation, cheap money, increasing wages, low unemployment and even good news on trade with China. If there was ever a time to use the “hitting on all cylinders” idiom, this would be it … but when things are looking this good … everybody gets a […]
Filed under: Financial, Idioms, News by RichC | No Comments »
Tags: djia, finances, ge, idiom, idioms, index, investing, nasdaq, s&p500, saving, stock market, trading
January 11, 2020
Forgive me for being a bit redundant in worrying (again) about the hot tech stocks like Apple (AAPL), Google (GOOG), Facebook (FB), Amazon (AMZN), Tesla (TSLA) and Netflix (NFLX) among others as the Dow Jones Industrial Average flirts with 29,000 in mid-January 2020 (even a broken clock is right twice a day! ― Marie von […]
Filed under: Financial, Technology by RichC | No Comments »
Tags: aapl, apple, barrons, djia, election, etf, finance, investing, mutual fund, retirement, savings, stocks, trade, wall street
August 11, 2019
As the cost of education, health care, cars, etc. goes up, it should be no surprise our financing habits change in order to pay for priorities like higher education … or luxuries like newer and more reliable cars. Paying for semi-essentials is significantly more expensive than in the past and we now extend paying for […]
Filed under: Education, Financial, Health, Human Interest, News, Politics by RichC | No Comments »
Tags: cards, credit, economy, Education, families, graph, graphic, homes, housing, middle class, mortgages, school, sociology, wsj
July 28, 2019
Who wants to go swimming? The Great White Shark can detect blood in the water up to 3 miles away! Just look at those expensive teeth. I watched several science programs regarding space and the Apollo 11 moon landing these past couple of weeks … and one the other night explaining the Big Bang theory […]
Filed under: Faith, Nature, Photos, Science, Space by RichC | No Comments »
Tags: big bang, cosmic inflation, creation, earth, Faith, genesis, great white shark, id, intelligent design, photo, planck time, science, shark, space, tooth, universe
May 7, 2019
In a discussion with my son Taylor last week, the subject of homeownership came up. He is single and currently rents, but like many millennials, hasn’t been in a big hurry to "put down roots" as have previous generations. On the other hand, being that his career is in "planning" and "economic development," regularly talks […]
Filed under: Advice, Blogs, Financial by RichC | No Comments »
Tags: case-schiller, chart, homes, house, housing, phrase, real estate, rent
March 31, 2019
Great "Quicktake" explaination on Bloomberg. The Yield Curve Is Inverted! Remind Me Why I Care If you’re wondering what a yield curve is and why there’s so much fretting in the U.S. over it flattening — and parts of it even inverting — you’re not alone. Late last year, Google searches for “yield curve inversion” […]
Filed under: Archive, Financial, News by RichC | No Comments »
Tags: article, bloomberg, economy, finance, inversion, yield curve
November 4, 2018
Americans are finally working again and the U.S. is once again the place for businesses to expand, hire, give raises and grow. For all the questionable rhetoric from the far right and left extremes … and yes, from President Trumps’ "tweets" and biased media reporting … the actual governing under his administration and a GOP […]
Filed under: News, Politics by RichC | No Comments »
Tags: congress, economy, election, mid-term, polics, polls, promises, trump
October 12, 2018
Q: Why am I not surprised to see U.S. stocks extend Wednesday’s ugly losses with more selling on Thursday? A: Because it is October! Well because the talking heads that “I listen to” point out just how strong our economy is and that corporate earnings are strong, consumer confidence high and the regulation and tax […]
Filed under: Financial, Photos, Politics, Weather by RichC | No Comments »
Tags: bonds, china, economy, federal reserve, finances, hurricane, investing, markets, rates, stocks, trade
June 21, 2018
After 8 down days for the Dow, the beginning of summer has not been kind to investors hoping 2018 would be a bit more positive. With unemployment at near all time lows, corporate tax cuts, the economy rebounding and promising better wages … and even talks with North Korea going well, one would think optimism […]
Filed under: Financial, News by RichC | No Comments »
Tags: barrons, djia, finances, investing, slump, stock market, tariffs, trading, wall street
May 11, 2018
Retirement is continuing to change and "has changed a lot in recent years, and may be far different from what you expect," says Tom Sightings, author of You Only Retire Once. The biggest difference is that you will most likely be responsible for overseeing (or hiring out) much of your own finances and health care […]
Filed under: Books, Financial, Tidbits by RichC | No Comments »
Tags: aging, book, finance, planning, retirement, savings, tom sightings, usnews
May 3, 2018
From global trade lifting living standards in impoverished nations to on-target inflation making way for interest rate normalization, these are five lessons from the first quarter that suggest a bright economic outlook. Source: 5 Lessons From 1Q 2018 | JPMorgan Chase
Filed under: Financial by RichC | No Comments »
Tags: chase, economiy, glassman, jpmorgan
April 17, 2018
Have you filed your income tax return yet? 2017 returns are due today! While catching up on some reading while out of town this week, Jim Glassman, Head Economist at JPMorgan Chase, had me pondering (and tweeting) about the length of sustained growth that might be possible after the recession. He, and many others, have […]
Filed under: Business, Financial by RichC | No Comments »
Tags: Business, economy, Financial, growth, investing, jim glassman, jpmorgan
March 22, 2018
It doesn’t get much uglier for investing than inching closer to a full blown trade war with China (and others) … and the financial markets aren’t taking it well as they are not in or very near correction territory – perhaps the Fed can go easier on rate hikes? President Trump followed through on signing […]
Filed under: Financial, News by RichC | No Comments »
Tags: china, finacial, investing, stock market, tariff, trade war, trump, wall street
March 5, 2018
https://youtu.be/Rlu-a1lgeTo William Franklin Graham Jr. (November 7, 1918 – February 21, 2018) Adding a story that is fitting after reflecting on Billy Graham. I read it during my brief morning (usually evening) devotional and had me smiling as I remembered pre-NIV King James Bible reading as a teenager. This morning, I want to tell you a […]
Filed under: Faith, Obituary, Video by RichC | No Comments »
Tags: billy graham, christianity, death, evangelism, salvation, youtube
February 8, 2018
So much for the "good news" that tax cuts will eventually providing revenue by helping the economy grow. The "hope" is that over time the economy growing will put more people to work (it is) and that the snowball would eventually grow paychecks (it is) AND that we could begin to reduce our country’s yearly […]
Filed under: Financial, News by RichC | No Comments »
Tags: chart, debt, deficit, djia, government, investing, markets, stocks, wall street
February 5, 2018
Well, well, well … perhaps this is the correction many watching the financial markets have been looking for as a 4.6% drop on the DOW in a day is a rather large one. It was another day of selling on Wall Street helped by computerized programmed trading and likely the relatively new ETF broad based […]
Filed under: Financial by RichC | 1 Comment »
Tags: etf, Financial, nasdaq, s&p 500 index, stock market, wall street
February 2, 2018
I played the “high risk, high reward” game on Friday while watching most if not all stocks collapsed over rising interest rate concerns. It looks more likely that the Federal Reserve may have to be more aggressive in raising rates in order to control inflationary pressures after the jobs report. Unemployment is low, the economy […]
Filed under: Financial, News, Personal, Politics by RichC | No Comments »
Tags: $F, economy, ford, investing, jobsfriday, market, Politics, stocks, thememo, trump
October 13, 2017
The early 1980s were challenging as manufacturing headed overseas, inflation ate up the buying power of every dollar and the cost to borrow was at an all time high. In fact, Brenda and I were giddy to have acquired a 12% mortgage on our first house in 1982 because our friends were applying for new […]
Filed under: Business, Financial, History, Memories, Politics by RichC | No Comments »
Tags: Business, charts, consolidated, economy, investing, printing, reagan, stocks, tax cuts, tax reform, trump, wall street
August 20, 2017
Snipped parts and archived a TDAmeritrade educational article … Americans used to count on a pension plus Social Security to get them through those “golden years.” These days, people change jobs more often, rely on dual incomes, and manage their own retirement funds through defined contribution plans. By most estimates, you’ll need between 60% and […]
Filed under: Archive, Financial by RichC | 1 Comment »
Tags: information, retirement
June 14, 2017
Sort of a surprise to most Fed watchers today as the consensus was for the Federal Reserve to raise rates a 1/4 point in September, not June. Perhaps it won’t make much difference for the whole year, but Chair Janet Yellen obviously wants to stay ahead of the curve. The target inflation rate remain 2% […]
Filed under: Financial, News by RichC | 1 Comment »
Tags: economy, federal reserve, inflation, janet yellen
May 20, 2017
Every once in a while comes an “it’s a small world“ surprise and one wonders, “why didn’t I know this?” This past week, my sister-in-law sent me a link to an article from her husband Dan Glassman’s brother Jim. The link was to Jim’s Linkedin page and opined on the economy. I figured … we […]
Filed under: Financial by RichC | No Comments »
Tags: banking, chase, economist, economy, jim glassman, jpmorgan, lynda
May 1, 2017
The rate of U.S. inflation for March was slower than expected just one month after hitting a five-year peak. The number reflects lower gasoline and consumer goods prices, including automobiles. Thiis could ease pressure on the Federal Reserve to raise interest rates, even though central banks have telegraphed increases this year. The U.S. economy is […]
Filed under: Financial, News by RichC | No Comments »
Tags: economy, finance, health care, inflation, obamacare, reform, taxes
April 26, 2017
What a start to the week for the stock market! There is optimism that something "will" get done with taxes, unlike #RepealAndReplace legislation. The news is that President Donald Trump will be unveiling his proposal to cut corporate taxes on US companies’ foreign profits and slash the top tax rate has investors in the "buy" […]
Filed under: Financial, News, Politics by RichC | No Comments »
Tags: investors, president, speech, stock market, taxes, trump
February 16, 2017
Unless you’ve had your head in the sand pile, you know that there is a shake-up happening in Washington DC since the election of President Donald Trump and his taking office less than 1 month ago. Much of the economic optimism seen by new records on Wall Street, job incentives and both interest rates and […]
Filed under: Business, Financial, Politics by RichC | No Comments »
Tags: code, government, income, irs, proposal, taxes, trump
January 19, 2017
Heating with wood is in my genes, since my parents started heating with wood back when we lived on Lake Erie and were constantly without heat either due to power outages in the rural area we lived, floods forcing the power company to turn off utilities or the old finicky oil burner furnace (think “Christmas […]
Filed under: Memories, Personal, Photos, TBT by RichC | No Comments »
Tags: aurora, garage, house, hudson, jamestown, loafing, TBT, woodstove, workshop
December 23, 2016
We still have a week of trading before closing the books on 2016, but those last few DJIA psychological points to 20,000 have proven evasive. Thursday’s 23 point decline, after the steady climb since the election, has a few gurus thinking the Trump Rally may be ahead of itself? Some are looking at current corporate […]
Filed under: Business, Financial by RichC | No Comments »
Tags: Business, djia, economy, investing, obama, regulation, taxes, trump
September 11, 2016
A WSJ article posted about a year ago listed 11 books recommended by legendary investor Warren Buffett … interesting choices. Some are expected, others surprising. The Intelligent Investor, by Benjamin Graham. Of this classic tome on value investing, Mr. Buffett once wrote: “Picking up that book was one of the luckiest moments in my life.” […]
Filed under: Books, Financial by RichC | No Comments »
Tags: Books, recommendation, warren buffett, wsj
February 23, 2016
Winter weekends (even warm ones) present an opportunity to catch up on a pile of articles collected during the week. These are one that aren’t necessarily timely or are “required” reading based on the news of the day. Those who know me, know that I’ve enjoyed a few minutes each morning leafing though the Wall […]
Filed under: Books, Misc, News by RichC | No Comments »
Tags: Books, evernote, favoite, newspaper, opinion, reading, wsj
October 28, 2015
With a few connections in the drug store world, it is always interesting to see who’s next in the acquisitions and mergers. On Tuesday, the financial news filled up mid-day with the latest deal: Walgreens Boots Alliance seeking to buy Rite Aid Corp. This would merge the second and third largest chains together and reduce […]
Filed under: Business, Financial, Health by RichC | No Comments »
Tags: $RAD, $WBA, aquisition, deal, drugs, merger, retail, stores
June 28, 2015
Read ONLY if you don’t’ mind getting lost in the weeds. I felt bit lost in my own country after the Supreme Court decisions this week and am concerned for the future. As a Christian, I’m trying to looking past my own traditional value and faith-based Biblical beliefs which have long been part of our […]
Filed under: History, News, Politics by RichC | No Comments »
Tags: History, marriage, opinion, riots, scotus, supreme court, values
June 5, 2015
The jobs numbers were relatively positive considering the weak growth earlier this year, but still concerning in that the post-recession job growth is not was is normally expected after a recession. Still, one positive is that we are not facing inflation or seeing numbers that would indicate the U.S. is slipping back into a recession. […]
Filed under: Financial, News by RichC | No Comments »
Tags: economy, federal reserve, Financial, investing, jobs, wall street
May 20, 2015
The Federal Reserve officials doubted they would be ready to raise short-term interest rates by midyear, according to minutes of the meeting released Wednesday. Fed officials, along with most economists, are struggling to make sense of a first-quarter economic slowdown. The normal pattern of post-recession growth has been non-existent as job growth has been tepid […]
Filed under: Financial by RichC | No Comments »
Tags: employment, fed, interest, jobs, rates, recession
March 25, 2015
Nationally the pay for babysitters is up in 2015 according to care.com as reported on CNBC this morning. When the reports indicate that wage growth is stagnent and inflation is at bay, they obviously don't have kids to take care of …
Filed under: Financial, Misc by RichC | No Comments »
Tags: babysitting, childcare, cpi, inflation, wages
February 25, 2015
With oil prices down and the stock market in rally mode (particularly these top 5 Nasdaq stocks), it might be time to nibble on a few of TheStreet Ratings best Oil and Gas companies (below). I’ve been watching a few of the “big oil” companies figuring it was time to start building a more diversified […]
Filed under: Financial by RichC | No Comments »
Tags: $XOM, cnbc, investing, oil, stocks, trading
January 1, 2015
The year 2014 ended on a rather positive note thanks to lower oil prices, low inflation and higher stock prices. Considering the economic malaise most Americans have endured most of the past 7 years, a little optimism feels good. Consumer confidence climbed to 92.6 in December as measured by The Conference Board’s private survey and […]
Filed under: Blogs, Financial, Holiday by RichC | No Comments »
Tags: analysis, blog, happy, like button, new year, ulike
September 6, 2014
A very telling graph discloses three things (see story in Fortune) : A college graduate will on average make $1 million more than a worker with a high school degree over the course of his lifetime … even though the cost of education has gone higher. Wages across the board, adjusted for inflation to 2013 […]
Filed under: Education, Financial by RichC | No Comments »
Tags: college, Education, fortune, graphic, tuition
August 20, 2014
There were a few articles on VJ day this past weekend marking the anniversary of Victory over Japan and focused on the relief we felt ending World War II. While glancing at the front pages, it made me realize how the dollar has lost value … or if you’re dollar biased, how much goods and […]
Filed under: Financial, History, News by RichC | No Comments »
Tags: commodities, dollar, inflation, prices, victory, ww2
June 18, 2014
Lots of odds and ends in the news this Wednesday afternoon. First the Fed is not talking inflation and will be continuing with the expected $10 billion taper. Second, Amazon CEO Jeff Bezo introduced Amazon’s newest device called the Fire Phone … looks nice, but time will tell. It’s a 4.7” screen device with a […]
Filed under: Cellphone, Financial, Personal, Photos, Technology by RichC | No Comments »
Tags: amazon, Cellphone, federal reserve, fire, katelyn, redskins, taylor
Ukraine continues to be under siege, SE Asia and Africa have unstable countries, Afghanistan will most likely go back to Taliban control, Iraq is imploding … but European markets are said to be in “recovery” and U.S. stock indices continue setting new highs and generating overly inflated annual returns for those “fully” invested (since when […]
Filed under: Financial, News by RichC | 1 Comment »
Tags: cpi, economy, federal reserve, inflation
May 3, 2014
The LearnLiberty.org YouTube channel is one of the better online timewasters learning tools when it comes to educational web surfing. I particularly enjoy the variety of subject matters and guests who contribute to making the short and concise content. In the video below, Professor Deirdre McCluskey points out the radical change innovation made in our […]
Filed under: Financial, History, Politics, Video by RichC | No Comments »
Tags: economics, freedom, History, learnliberty.org, youtube
April 11, 2014
Those who spend any time watching financial markets and attempt to analyze a mix of investments the future, understand that there are mix signals coming from economist, financial analysts and those hired to manage investments (or pick for TV). I follow both the bullish and the bearish thinkers, yet end up being more conflicted about […]
Filed under: Financial, Politics by RichC | 1 Comment »
Tags: bear, bull, cnbc, economy, investing, market, squawkbox, stocks
March 10, 2014
For a country that should have a robust economy, we’re not showing it when looking at the employment numbers or the average family’s purchasing power (link Gallup). The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, continued its recent decline in January, dropping to 42.0% from 42.9% in December. This is the […]
Filed under: Politics, Video by RichC | No Comments »
Tags: examiner, jobs, obama, Politics, portman, washington
February 2, 2014
Most people dislike partisans who are only be looking for ammunition to attack the other side … and I do find myself slanting from that perspective too. So while President Obama delivered his “Blah, blah, blah …” SOTU speech last week, I had to work hard not to approach every word and idea with skepticism, […]
Filed under: Financial, Politics by RichC | No Comments »
Tags: marketwatch, MyRA, obama, SOTU2014
December 19, 2013
Gold dropped to a six-month low on Thursday selling off as the Federal Reserve’s pulled back in the U.S. monetary stimulus. It closed down 2% to $1,196.31/ounce which is the lowest since June 2013. Give credit or blame the Fed which took its first step in winding down the easy money policies which helped to […]
Filed under: Financial by RichC | No Comments »
Tags: fed, gold, investing, trading
November 15, 2013
The U.S. stock market powered forward again today with the expectation that Janet Yellen will continue the easy money policies as head of the Federal Reserve. The Dow Jones Industrial Average (chart above) has investors cheering even as recent bumps attempted to derail the anemic jobless recovery. I doubt the party can continue forever, but […]
Filed under: Financial, Politics by RichC | No Comments »
Tags: investing, stock market, wall street
February 27, 2013
I find it difficult to listen to “the sky is falling” coming from special interest groups with the politicians looking out for them … or for that matter President Obama “crying wolf” once again. If it is so difficult to trim a few percent federal budget (something that was suppose to be done several years […]
Filed under: Books, Faith, Financial, Politics by RichC | 1 Comment »
Tags: carson, cuts, government, obama, sequestration, spending
October 9, 2012
Seriously folks, are we really suppose to see an economic recovery with incomes down $4000/year for the average family over the past 4 years and the cost of fuel and food up? At least with over the board inflation peoples paychecks rise a little along with prices … but not in this Obamaconomy. The latest […]
Filed under: Politics by RichC | No Comments »
Tags: economy, jobs, obama, romney
September 27, 2012
After three rounds of Federal Reserve quantitative easing and the pumping money into the system, the economy remains depressed and there is growing concern over eventual inflation. The buying power of the U.S. dollar is noticeably weaker for those with stagnate earnings — most of middle-class America. Who knows when government inaction on trade, deficits, […]
Filed under: Audio, Financial, Politics by RichC | No Comments »
Tags: cnbc, dollar, eric sprott, gold, inflation, mp3, qe3, sprott
June 20, 2012
Of course … it is also an election year. Hmm? How much will the market move when Federal Reserve Chairman Bernanke speaks this afternoon? Operation Twist, in which the central bank sells short-term securities and buys the same amount of longer-term debt to lengthen the average maturity of its holdings and keep borrowing costs low, […]
Filed under: Financial, News, Politics by RichC | 1 Comment »
Tags:
March 4, 2012
We’ve all heard the “kicking the can down the road” metaphor as it relates to those we elect to govern the country and manage our tax contributions (or mismanage as the case may be). I’ve been trying to educate myself on one component my parents and my wife’s parent rely on – Medicare. I suspect […]
Filed under: Financial, Politics by RichC | No Comments »
Tags: congress, medicare, politcs
February 22, 2012
The tax season is upon us and many take this opportunity to take account of our retirement strategy (at least those who are thinking ahead). Years ago … in the days of the company pension, confidence in Social Security and Medicare and the assumption that one would retire at 65 after a lifetime career with […]
Filed under: Financial, Politics by RichC | No Comments »
Tags: dividends, investing, retirement, savings, taxes
September 1, 2011
Good grief … when will the Sprint “nickel and diming” end? Yet another subtle increase coming to Sprint customers thinking about upgrading their phones. SprintFeed is reporting that we should brace ourselves for yet another hike in one-time charges on September 9th. This time, it’s the oh-so-beloved Upgrade Fee that’s the victim of inflation, getting […]
Filed under: Cellphone, Misc by RichC | 2 Comments »
Tags: engadget, smartphone, sprint
June 22, 2011
It should come as no surprise, but after Federal Reserve Chairman Ben Bernanke delivered his remarks on Wednesday saying the U.S. economy was recovering more slowly than expected, Wall Street had little interest in continuing to move indices positive. More than likely the fact that the Fed saw no reason to tighten money supply in […]
Filed under: Financial, News, Politics by RichC | No Comments »
Tags: bernanke, economy, federal reserve
April 29, 2011
Call me a negative Nellie, but one has to wonder if we are really seeing much of an economic recovery? With prices rising, inflation looming (if not already here) and the buying power of the dollar severely weakened over the past year, how will Americans perceive those elected and appointed to guide the United States […]
Filed under: Financial, Politics, Video by RichC | No Comments »
Tags: dollar, finances, investing, recession, savings, stocks
April 28, 2011
I heard something similar to my posted title the other day on CNBC, and after hearing that the Federal Reserve will continue to keep interest rates low a bit longer, I’m seeing those concerned about inflation moving even further toward taking off-the-grid survivalist measures. Gold “up” – Silver “up” – Food Commodities “up” – Gun […]
Filed under: Financial, Politics by RichC | 1 Comment »
Tags: economy, fed, Financial, News, Politics
April 17, 2011
While reading doom and gloom articles for the past several months, it’s good to see at least one article looking at things a least a little more positive. Although commonsense and the overwhelming amount of negative news points to more bad news when it comes to our wallets, an article in this weekend’s WSJ pointed […]
Filed under: Misc by RichC | No Comments »
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April 9, 2011
The financial markets continue to hold their own, which considering the continued of negative news we’ve hearing is amazing. Gold and especially silver (at a 31 year high) have become safe haven investments for some investors concerned that the economy will stumble and inflation (or likely ‘stagflation’) will be what we’ll see in the second […]
Filed under: Financial, Politics by RichC | 1 Comment »
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April 3, 2011
My son borrowed my Honda Pilot this weekend (just after I filled up – but I received a “Thanks Dad” text message from him), so I’ve been driving his Volkswagen GTI … fun. Of course the fuel tank is exactly where most college students keep their cars – empty – so I ended up filling […]
Filed under: Automotive, Financial by RichC | 1 Comment »
Tags: diesel, economy, fuel, gasoline
March 1, 2011
The pain at the pump over high fuel prices will most likely slow the pace of our tepid economic recovery. For Americans fortunate enough to be fully employed, that means spending more dollars on fuel and less in other areas that might have hired a new workers. For businesses that mean a higher cost of […]
Filed under: Diesel, Politics by RichC | No Comments »
Tags: diesel, economy, fuel, gasoline, oil, recession
January 19, 2011
Add one more thing to the “inflation” worries (on top of energy and food) … especially if you are a Sprint wireless data smartphone user. It looks as if one might be wise to shop wireless phone carriers a little closer come renewal time. According to yesterday’s press release, Sprint has decided to “apply a […]
Filed under: Cellphone by RichC | No Comments »
Tags: Cellphone, data, smartphone, sprint
November 8, 2010
For many trying to recover from a difficult and seemingly never ending recession, the thought of their dollars getting weaker and weaker is demonstrated most clearly by the price of gold continuing to rise. For people living on a fixed income, the fear of their purchasing power falling is unsettling. Not only has gold continued […]
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September 14, 2010
Why don’t politicians understand that uncertainty is a primary deterrent to planning for the future, for an individual or a business … but especially for businesses. In order for small business owners and managers to reinvest and expand … and hire new employees … the political environment needs to be one where the prospect for […]
Filed under: News, Politics, Video-TV by RichC | 2 Comments »
Tags: boehner, cbs, gibbs, government, obama, taxes
September 9, 2010
Governor Christie does a pretty good job of justifying his budget cutting measures to a in New Jersey teacher when it comes to dealing with sharing the economic pain. His state (like many others) have taxed and spent their way into insolvency and has agreed to contracts that will strangle taxpayer unless something is done. […]
Filed under: Education, Politics, Video by RichC | 2 Comments »
Tags: christie, Education, governor, new jersey, teachers, unions
May 12, 2010
Gold, the investment that rises when risk becomes too great has reached its highest level trading up on Tuesday and continuing to push record areas on Wednesday morning. The $1240 per ounce price has investor’s worried about markets and inflationary pressures. The stock market is opening higher today renewing a bit more confidence that the […]
Filed under: Financial, News by RichC | No Comments »
Tags: finance, gold, investing, trading
May 10, 2010
“Bueller… Bueller… Bueller“ Who can forget the Ben Stein line from one of the enjoyable comedy movies in the 1980s – Ferris Buellers Day Off. The movie continues to see success reaching near cult status for some and even found a following on social networking giant Twitter last week. A group of Chicago based Twitter […]
Filed under: Entertainment, Movies, Social Networking by RichC | No Comments »
Tags: foursquare, Movies, twitter
March 11, 2010
One of the noticeable economic signs for average Americans that our economy might be in recovery is the rise of fuel prices. An article in this mornings Wall Street Journal stated that “Gasoline prices are throttling toward $3 a gallon” and that “gasoline futures have rallied 21% since hitting a low in February to close […]
Filed under: Automotive, Financial by RichC | No Comments »
Tags: diesel, economy, gasoline, oil