economy, life insurance, new economy, protection

Job Change, Group Life Insurance and Russian Roulette

In the United States, there is a huge number of households which are unprotected or under protected by Life Insurance. In a recent LIMRA study 7 in 10 households believe would be in serious financial distress if an adult in the household passed away. 37 million households have no life insurance. Another 33 million households… Continue reading Job Change, Group Life Insurance and Russian Roulette

economy, new economy, retirement

Investing with Stocks at Record Levels

I have talked to many clients. I have read and listened to many economists and Chief Investment Officers who are nervous about investing hard earned savings when markets and indexes are making new highs. Many people feel the market is “due for a correction”; they worry about a “bubble bursting like 2008”; they look at… Continue reading Investing with Stocks at Record Levels

economy, new economy, retirement

“Morning in America…”

I was driving into work today and a Chevy Volt sped by me. Yesterday a Fisker Karma was parked in front of my office. Last month Tesla started mass production of the Model3. Technology is bringing a renaissance to American manufacturing. New industries and new job descriptions are being created, even as “old economy” jobs… Continue reading “Morning in America…”

economy, new economy, retirement

Management Flaws in Corporate America

The most recent rounds of corporate earnings reports for retail companies has by and large been very disappointing. Many companies are struggling to survive in an environment dominated by a few large ecommerce companies.   Disappointing earnings have resulted in lowered outlooks and fallen stock prices of many retail companies.   I recently had the… Continue reading Management Flaws in Corporate America

AI, economy, new economy, retirement

Productivity and Robots

  For decades the US economy has suffered from stagnant wages and stifled productivity. While the economy has grown in GDP since 1970 growing from $1 trillion to $18.5 trillion in 2016 the American worker has not enjoyed commensurate benefits. Wages have remained flat for decades.    In the past, studies have shown that part… Continue reading Productivity and Robots

Climate change, economy, new economy, retirement

Global future growth… and Climate Change

A recent Bloomberg article titled “The Global Growth Hotspots of the Future Are Here” discussed an HSBC report which advises that investors need to focus on the growth of cities in the Emerging Markets. “While wealthier countries are more urbanized today, the proportion of urban to rural dwellers in emerging markets is expected to climb to… Continue reading Global future growth… and Climate Change

Climate change, economy, new economy, retirement

Rising global temperatures will hurt global GDP

A study just released by the science journal Nature makes the connection between the rise of global temperatures and the negative impact this has on GDP around the world. In the study, titled “Global non-linear effect of temperature on economic production”, researchers found that “fundamental productive elements of modern economies, such as workers and crops,… Continue reading Rising global temperatures will hurt global GDP