The Prudent Retiree - July 2017
The Prudent Retiree - June 2017
“Never Give an Inch.”
-Ken Kesey in Sometimes a Great Notion.
Kesey was one of America’s great novelists. He was part of the so called “counter culture” of the 1960’s and a member of the Merry Pranksters. Their main claim to fame was heavy drug use, most notably LSD. Expanding their minds supposedly led to greater enlightenment. That’s a question for another day.
The Prudent Retiree - May 2017
“The Truth Does Not Change According to Our Ability to Stomach It.”
Flannery O’Connor was an American author noted for her depictions of the South. She is most remembered for the short story collection, A Good Man Is Hard to Find. Based on the many conversations we’ve had with so many of you over the past couple months, the consensus is that a good President might be even harder to find. We probably should expand that to D.C. creatures in general. In and out of office.
The Prudent Retiree - April 2017
“Meet the New Boss, Same as the Old Boss.”
-The Who - Won’t Get Fooled Again
The Who was one of Rock’s supergroups from the 60’s and 70’s. Their songs spoke to that generation. It was a time of turmoil at home and in the world. Wars, economic uncertainty and political unrest. Sound familiar?
The Prudent Retiree - March 2017
“If you break it, you buy it.”
-Traditional Retail Warning.
It seems like a long time since things have gone well. Dot Com Crash, The Great Recession, Income Inequality, Social and Racial Strife, 9/11, Terrorism, Afghanistan, Iraq, WMD’s, Bin Laden, The Surge, North Korea, Benghazi, Leading From Behind, Strategic Patience, MOAB, Affordable Care, Affordable Care Repeal, the Tea Party, Occupy Wall Street, Hillary’s E-mails, Trump’s Taxes, the Russians, Iran, Syria, Islamic State- I can go on and on, but you get the point. How about that 21st century.
The Prudent Retiree - February 2017
“It’s a big old goofy world.”
Last week my grandson Beau was born. I also saw the great American singer/songwriter John Prine in concert. He performed one of his oldies but goodies- It’s a Big Old Goofy World. It is! Beau is entering this world at a time when things seem out of control. Terrorism, wars, economic and political strife, social unrest and just simple ugliness all seem to be the order of the day. I couldn’t be happier, though, to have Beau.
The Prudent Retiree - January 2017
“Sometimes, listening is the best learning.”
We certainly find ourselves in unsettled times. Investors want to make a cause and effect relationship between the markets and their politics. Often, to their peril.
The Prudent Retiree - December 2016
“Faith is taking the first step even when you don’t see the whole staircase.”
-Martin Luther King Jr.
Dr. King made a difference. We are better because of his courage, integrity and vision. A vision he never lost sight of regardless of adversity. It was accomplishment of the goal that mattered, not the tough times. He persevered, though never seeing the whole staircase. Dr. King’s unwavering pursuit of his goal – justice and equality – cost him his life. America has a long way to go, but his bravery made us better.
The Prudent Retiree - November 2016
“If nominated I will not run,
If elected, I will not serve.”
-William Tecumseh Sherman
William Tecumseh Sherman was a renowned/notorious Union general during the Civil War. Feelings about him all depend on which side you were on. The same differing feelings have resulted from our recent election. News people are already asking Vice President Biden about his plans for 2020. To borrow some texting shorthand- OMG!
The Prudent Retiree - October 2016
“Elections Have Consequences.”
Wow. Unbelievable. Shocking. Extraordinary. Donald Trump is the 45th President of the United States. Many are thrilled. Others are terrified. Prudent Retiree believes it is critical to remember that business and the markets carry on. Due to uncertainty, there may be volatility. This is not, however, a harbinger of economic chaos.
The Prudent Retiree - September 2016
“You Can’t Hurry Love,
You Just Have To Wait.”
The Supremes were one of Motown’s super groups in the 1960’s and 70’s. How many women remember pushing their hand out, dancing to “Stop in the name of love”?
The Prudent Retiree - August 2016
“In the long run, we’re all dead.”
-John Maynard Keynes
So called Keynesian economic theory is a major driver of government policy. The basic premise is that a stagnant economy can be stimulated by increased spending and debt. Our politicians love that part of the equation. According to Keynes, this explosion of spending will stimulate the “animal spirits” of business, grow the economy and reduce the spending. As we know, our politicians seem to always forget that part. They never reduce the spending. The debate rages on about the deficit and debt. Will our fiscal edifice all come tumbling down?
“A difference in opinion is what makes a horse race.”
Samuel Clemens, who wrote as Mark Twain, was one of our great authors and a keen observer of our behavior and foibles. He could certainly have been discussing the 2016 presidential election. Many of you have asked- “Is this the best we can do?” Maybe, maybe not, but these are the choices we have.