July 1, 2021 The Threat of Inflation Inflation is that phenomenon where dollars buy less and less as time goes on. I’m sure you can see that the prices of food, gasoline and housing are rising fast. Unless you can do without those 3 items, your cost of living is going up, and the purchasing power of your dollars is going down. That is price inflation.
June 1, 2021 Will Bitcoin Become a Major Currency? Most Bitcoin promoters talk about the eye-popping price of Bitcoin and use that data as confirmation that it is becoming accepted and will soon take over from the dollar as the world’s preferred currency. I’ll be addressing this topic more fully in our June 9th webinar (10:00 AM Arizona time), but here are some of the high
May 4, 2021 Real Estate Heading for a Crash In 1989, while visiting relatives in California, someone asked me what I thought of their red-hot real estate market. I cited an affordability study showing that only 10% of Californians could afford the average home (technically it was the median price, where half of homes are priced higher and half priced lower, rather than a true average
April 1, 2021 What’s Up with Inflation? Rising interest rates have put inflation back in the news, with the Federal Reserve and Treasury department saying “Don’t worry. This inflation is only temporary.” That may be possible, but betting on it could be hazardous to your financial health. Inflation can ruin the value of anything denominated in dollars such as bonds, annuities and CDs and savings accounts.
March 2, 2021 The Great Toilet Paper Crisis of 2020 In a year of oddities, one of the more curious mysteries of 2020 was why on earth people would feel the need to hoard toilet paper during a Covid lockdown? As crazy as human behavior can become, it just didn’t make much sense. Mr. Haverly, in 8th grade, may have been the best teacher I ever