WSJ: Numbers On Welfare See Sharp Increase



(Source: “Numbers On Welfare See Sharp Increase” (subscription required), The Wall Street Journal, June 22, A1)



(Source: “Numbers On Welfare See Sharp Increase” (subscription required), The Wall Street Journal, June 22, A1)
“In America, they give you a second chance but not a third.” – Victor Niederhoffer In its most recent issue, The New Yorker ran a fascinating profile of trader and hedge fund manager Victor Niederhoffer. During the 1990s, Niederhoffer, incidentally a…
It’s a complete rethink of how to do asset management. – Jeff Seymour, Triangle Wealth Management LLC in Cary, NC, who early last year changed from a buy and hold strategy to holding about 90% of client money in short term…
It’s dramatic. You have a state that was booming and has been a leader in population growth for the last 100 years that suddenly has seen a substantial shift. – Stanley Smith, Economics Professor, University of Florida, who compiled the…
A story in today’s New York Times brought home the severity of the economic crisis to me: “Luxury Prices Are Falling; the Sky, Too”. When designer shoes and bags are being marked down to these levels, that’s a clear sign…
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
Right now being bearish is nothing more than being realistic. – David Hefty, Cornerstone Wealth Management I’ve never heard of David Hefty before but he makes a solid case for a secular bear market. He emphasizes three big problems: resets…