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Beware of Broker Conflict of Interests
Reading Time: 4 minutes
Forbes recently ran an article worth reading: “Ten Ways Brokers Pick Pockets”: Arbitration is how disgruntled investors usually have to bring their complaints against brokers. In 2005, 6,074 cases were filed, the majority of which dealt with breach of fiduciary…
The Significance of the Fed Pause: Interest Rates, the Economy and Inflation
Reading Time: 15 minutes
After 17 straight quarter point rate hikes going back to June 2004 the Fed paused on Tuesday leaving the federal funds rate at 5.25% (from 1% back in June of 2004). In this post I want to try and explain…
Signs Your Financial Advisor Is No Good
Reading Time: 5 minutes
Marketwatch recently ran an article on signs that your financial advisor is no good. Here are some of their signs I found particulary important: 2. Refuses to disclose free arrangements Some advisers are squarely focused on investments that make the…
Companies Selling to the Middle Class Start to Feel the Pain
Reading Time: 5 minutes
The Wall Street Journal ran a noteworthy article on Monday (subscription required) citing evidence that middle income consumers are slowing down their spending in the face of high gas prices and a slowing housing market: … Ms. Liebmann [president of…
WSJ: The House the Fed Built
Reading Time: 3 minutes
The Wall Street Journal today published an editorial, “The House the Fed Built” (subscription required), echoing the interpretation of recent Fed history I posted a couple weeks ago: This is the housing market the Federal Reserve built. That is to say,…
Women’s Retailer Chico’s FAS and Home Furnishings Retailer Williams-Sonoma Report Slowing Sales
Reading Time: 2 minutes
After the bell on Wednesday women’s retailer Chico’s FAS (NYSE: CHS) warned that August same store sales are showing a decline of about 3% and that it sees dismal same store sales for its third quarter, according to the Wall…