What Goes Down

What Goes Down

There are two major economic trends that have been unfolding for almost forty years now, and both are nearing a turning point. Interest rates and tax rates have been declining since the early 1980s and both must go up at some point. I’ve been telling our clients that...
Work Smarter, Not Harder

Work Smarter, Not Harder

I met with a personal trainer this morning who told me I need to work smarter, not harder. I’d been doing hour-long weight lifting and aerobic workouts five days a week, which poses greater injury risk and, potentially, long-term heart damage. He told me I could...
The Tax Reform Pipe Dream

The Tax Reform Pipe Dream

Congress is preparing to debate the budget deal that includes the tax reform proposed by the current administration, so I thought I’d chime in with my opinion of where this might go. In a nutshell, nowhere.First, the main thrust of this reform is aimed at reducing the...