Tuesday’s election brought a few genuine surprises. On Wednesday the market threw a party: the Dow jumped more than 1,500 points, its best day since April 2025. On Thursday it threw up its hands: the Dow fell more than 1,800 points, its worst day since… April 2025. What happened
Friday, October 30, was quite a day on Wall Street. Technology stocks took a beating, headlines turned gloomy, and investors wondered: Is the great AI bubble finally bursting? The answer? Nobody knows. But the worries are real. Even the International Monetary Fund has warned that an AI correction could
October brings witches, goblins, ghosts, and things that go bump in the night. But who needs a haunted house when we’ve got the economy? The stock market can dish up plenty of scares—and that’s before the economists start talking! Grab your flashlight! It’s time for a game of Spook-O-Nomics. Five houses,
My mom was the most frugal person I’ve ever known. She rarely bought anything new. She lived by the day-old bins and never passed up an estate sale. My kids used to joke that Grandma was going to go broke saving money. She wanted to live well. She was
The stock market hit another record high this week. It’s good news, but it isn’t the whole story. Think of a basketball team that wins the game while two players score most of the points. The scoreboard says “victory.” It doesn’t say the rest of the team mostly watched
This week I received an apology. It was sorry – disingenuously sorry – for several paragraphs, followed by a rambling explanation meant to (I don’t know) explain? Fix the problem? It did neither. It was clearly AI-generated. I was a ticket to close, not a problem to solve. Artificial
Nothing says “it’s fall” quite like political advertising season. Everywhere we turn, our inboxes are suddenly very interested in what we think about the state of democracy, and ominous voices are telling us that civilization, as we know it, hangs in the balance if we don’t pay attention or
I am just back from a conference for financial advisors that was off the hook! I’ve never been to Burning Man, but from what I’ve heard about the installations, this could have been the white-collar, scaled version. We were outside for it: 5,700 advisors from 22 countries, strung along the Long Beach
The kids are back in school and The Economist asked: if you could bestow any quality on your children, what would it be? This definitely caught my attention. It wasn’t great intelligence, empathy for humanity, or the ability to pass a fridge without opening it. Deborah Cobb-Clark, an economist
My dad loved a good scam call — especially IRS scams. In retirement, they were entertainment, a little mental sport. He’d adopt a stutter and ask endless questions: “Are you sure? What line was that on? Can you hang on while I go get my tax return?” Then he’d take his
Homes for sale in my neighborhood seem to be sitting on the market longer than they used to. So which is it — is San Diego headed for a real correction, or is this just the market finding its balance again? I put the question to Melina Rissone, a
Bonds and interest rates seemed to top the headlines this week – and “rage” is the operative word. The question I keep getting is: “why are interest rates going up when inflation is high and affordability is a concern?” It’s a viable question. Managing the economy and interest rates is
If I told you there’s a booming market where people put money on who wins Best Picture, or whether the FDA will approve a new drug, or whether King Charles will ever reconcile with Prince Harry — would you guess that’s happening in Vegas? Close, but no … It’s not
For forty years, Congress has known Social Security was heading for a shortfall — and for forty years they’ve mostly looked the other way. That may finally be changing! A bipartisan group of seven senators just introduced the PROMISE Act — Protecting Retirement Opportunities and Maintaining Income Security for Everyone.
Pop quiz. No cheating, no Googling, no asking the group chat. There are three quotes below. All from real, credentialed, smart people. Your job is to guess when the quotes were said. I’m guessing you land every single one in the last eighteen months. “The world is on a
My grandparents had the option to buy their home from a mail order catalogue. No kidding! No Amazon. No computers. Just a Sears Catalogue. From 1908 to 1942, Sears sold an estimated 70,000 — 75,000 houses. And they could buy the whole house! Sears would ship between 10,000 and 30,000 pieces of
Raise your hand if you’re about to join the roughly one billion people around the world watching the World Cup Final! Tickets for Sunday’s final between Argentina and Spain at MetLife Stadium are running from about $7,500 to over $69,000 on resale markets. Yikes! Smarter fans will be headed
The new Trump Accounts are out! Launched on July 4 – babies born 2025 through 2028 are eligible for $1,000 from the Treasury – invested in an S&P 500 index fund. Any child under 18 can open one — the birth window only determines who gets the free $1,000.
As America turns 250 years old, I thought it would be fun to dig into the finances of our Founders and see how they were with money. It turns out, their money stories are just as messy — and timeless — as ours! Alexander Hamilton built our entire financial system — the
An Initial Public Offering – or IPO – is simply the first time a private company sells shares to the public, turning it into a stock anyone can buy. There’s nothing quite like IPO season — it’s part celebration, part lottery, and part spectator sport. Investors clamor to see
