Keeping This Correction in Perspective

After 20 months of relative calm, take this volatility in stride  Are you upset by what is happening on Wall Street? It may help to see this pullback within a big-picture context. Corrections have become so rare as of late that when one occurs, emotion threatens to...

February Economic Update

  February 2018 THE MONTH IN BRIEF Bulls took charge of Wall Street as 2018 began: the Dow Jones Industrial Average rose 5.79% in the first month of the year, even with a mild selloff on the verge of February. Foreign equity benchmarks largely advanced as well....

Tax Deductions Gone in 2018

What standbys did tax reforms eliminate? Are the days of itemizing over? Not quite, but now that H.R. 1 (popularly called the Tax Cuts & Jobs Act) is the law, all kinds of itemized federal tax deductions have vanished. Early drafts of H.R. 1 left only two itemized...

2018: The Fruit Salad Year

This is the time of year the pundits tell us what’s coming for the year ahead, what styles will be in, where the economy is headed, what the hit summer movie will be. I claim no ability to see what’s coming tomorrow. But it’s fun to take stock of where we are and...