WHO BENEFITS FROM HIGHER TAXES?

As we move further into 2021 and see the policies of the new administration unfold, it will be good for investors to keep a close eye on the intended, and perhaps more importantly, the unintended consequences of the various actions. One of the Biden administration’s stated policy goals is to revoke the Trump tax cuts and…

WINDS OF CHANGE BRING OPPORTUNITY

It has been said that boats are safe in the harbor, but boats weren’t made for the harbor. I love sailing and I recently read a book by Jessica Watson, the 16-year-old Australian who sailed her 34-foot yacht nonstop and single-handedly around the world. Her story is one of amazing preparation and courage. Though I…

FREE STUFF CONTINUES TO DRIVE MARKETS

My Dad had a traditional activity at family reunions he called a “scrambles.” He first gathered all the children in a semi-circle in front of him. In his arms was a huge box filled with candy which he would toss into the screaming crowd while yelling, “Scrambles.” This wild event was always very popular with…

WHO WILL THE STIMULUS HELP?

Ronald Reagan warned us to fear the words, “I’m from the government and I’m here to help.” With congress obsessed over trillion-dollar stimulus packages to “help” struggling Americans, let me share an analogy from college football. Imagine for a moment that the Rose Bowl game will be played this year with 100,000 fans in attendance.…