The Wealth Effect

This morning I would like to take a moment and offer some updated context for what many are (hopefully)experiencing. Perhaps you’ve heard of the concept known as The Wealth Effect. Here’s a definition from Investopedia: Jun 26, 2019 – The wealth effect is a behavioral economic theory suggesting that people spend more as the value […]

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Lehman Brothers

The traditional 12th anniversary gifts are silk and linen. The modern 12th anniversary present is pearls. Today happens to be the 12th anniversary of what is STILL the largest bankruptcy filing EVER. This is an excerpt from History.com …Out of options, Lehman Brothers declared bankruptcy early on the morning of September 15. The firm declared […]

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Stocks vs. Bonds

I thought it might be helpful to put the recent equity moves into some BOND context. Here is a RATIO of SPY vs TLT. These are a couple of the most popular ETFs which track large cap stocks as well as long duration fixed income. Hopefully it’s true what they say and a picture is […]

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