Monthly Archives: June 2012

Quadruple Whammy for Younger Adults

When it comes to social engineering, you can usually depend on Washington to do the wrong thing.  If it is not overturned, Obamacare will increase income inequality by imposing a new tax on younger workers.  Older Americans are growing richer … Continue reading

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“The private sector is doing fine. Where we are seeing weaknesses in our economy have to do with state and local government . . .”

Let’s put President Obama’s notorious observation in some historical context. The table below shows the level of employment in the total economy, the private sector, and the government sector, all indexed to 2007 = 100.  Between 2007 and 2010 private … Continue reading

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Fidelity vs. the S&P 500

Wall Street is a selling machine, and investors are constantly hearing about spectacular gains from this or that fund or money manager or investment vehicle.  Even if these reports are true, they may not be sustainable, may entail excessive risk, … Continue reading

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Professor Krugman gets a “Gentleman’s C” in Economic History

In a recent blog post Professor Paul Krugman argues that private equity and other activist investors did little to improve the U.S. economy, which was performing well before Bain et al. came along in the early 1980s.   He writes: Let’s … Continue reading

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