Question: Should the US return to the gold standard, so that the Fed can’t “create money out of thin air”? To answer that question David Andolfatto, Vice President and Economist with the Federal Reserve Bank of St Louis recently published a piece entitled, The Gold Standard and Price Inflation. You can view it here. The author cites an historical example… Read more →
A bit about the 3rd quarter, 2014 and some optimism.
Asset management clients of Financial Planning Associates, Inc., your preliminary third quarter asset management reports have been posted to your secure web folders. As the table below indicates Read more →
It’s time for another quiz and a funny story.
Sometimes our understanding is “incomplete.” Over the years we have observed that most people operate under one or more misconceptions regarding certain financial matters. In an effort to clarify a few of those misconceptions we offer the following brief quiz. Four questions are presented. Please click the hyperlink to indicate your response and view additional information. Question #1. Do you… Read more →
A book report and some thoughts concerning employment and inflation.
Following below are several brief excerpts from the book, The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies, by Erik Brynjolfsson and Andrew McAfee, professors at the MIT Sloan School of Management. In this book the professors discuss some of the significant benefits and challenges associated with the advent of artificial intelligence. I will insert… Read more →
Today’s quiz, longevity insurance, three books and the new website.
Today’s quiz has to do with asset category returns. The first decision an investor must make is choosing what to invest in. Stocks? Bonds? Real estate? Gold? Futures contracts? Persian rugs? Pork bellies? Several large studies have found that the investor’s answer to the question of which asset category, or categories to invest in is of major importance, likely the most… Read more →