Common Cents Blog
I absolutely loathe the capital gains tax. It is one of the worst tax laws ‘we’ have, as it inhibits the free flow of capital throughout the financial system. Period, and end of discussion. You can…
During an interview with Fox News’ Ainsley Earhardt this week, President Trump had this to say: “If I ever got impeached, I think the market would crash, I think everybody would be very poor, because without…
Would you believe, as I type here on August 17th, the S&P 500 index is positive for the month? With all the wringing of hands and gnashing of teeth about Turkey, China, and even Elon Musk’s…
Today, the markets are all aflutter over tensions between the US and Turkey. Various peccadilloes over the last several years have grown into some pretty major problems. So much so, and you can decide for yourself…
This morning, the Bureau of Labor Statistics (BLS) released the Employment Situation report for July. The economy created 157K net, new payroll jobs during the month and the Unemployment Rate fell to 3.9%. In so many…
Something kind strange happened this morning. After 8.5 years of economic expansion and almost 3 years into a Fed tightening cycle, the Bureau of Economic Analysis (BEA) released the best quarterly GDP (Gross Domestic Product for…
Recently, I had a conversation with a friend of mine about Canada legalizing marijuana at its Federal level. Ultimately, the discussion got around to whether the stuff would ever be legal in Alabama. My thoughts were/are simply…
This past Wednesday night, I made a presentation down in Mobile. During the Q&A, one person asked whether the growing economy has already made back the money the Federal government ‘lost’ due to the “tax cuts.”…
Back in early 2003, the finance committee of the City of Birmingham summoned me to explain the negative performance for 2002 in the account it had entrusted to my then employer’s care. To be sure, given…
There is an old expression: “if it seems too good to be true, it probably is.” We all know this, and have all forgotten it at least once in our lives. Something for nothing (or with…