The Irreverent Economist

Do yourself a favor and turn off CNBC. For as long as I’ve been in the financial industry, pundits have made an opulent living by telling tales about markets.  Flowery narratives which weave tog... Read More

Many of our clients have accumulated significant assets over a lifetime of hard work and good fortune.  More assets than they will need to see them through a secure retirement—even on our conservat... Read More

Already during its short life in the public imagination, reams have been written about Bitcoin—what it is, how it works and, most breathlessly, how rich you can get by trading it.  This has all of ... Read More

This week, Republicans in the US House and Senate are working on parallel versions of a tax bill that they hope to pass before year-end.  Two distinct proposals have emerged from their respective com... Read More

The placid state of global financial markets—with measures of equity volatility near all-time lows—belies undercurrents of growing inequality, rising social unrest, and heightened political instab... Read More

At long last, the Department of Labor’s Fiduciary Rule will take effect this Friday, June 9th.  The rule requires that investment advisors put their clients’ interests ahead of their own in rende... Read More

The utter unpopularity of our "chosen" candidates, and the happy reality that this blog has a modest following, inspired me to throw my hat into the ring...rhetorically! Here's what I would do to g... Read More

Monetary policy has reached a crossroads.  Neither conventional approaches to stimulating demand (low interest rates) nor unconventional policies (quantitative easing) have produced a durable recover... Read More