Senescence – the process or condition of deterioration with age. While logical and sensible when it comes to biology, it is extremely important to understand that senescence is completely irrelevant to economies and to the stock market. Economic expansions do not die from old age, they die from negative shocks. Or put more bluntly by Former Fed Reserve Chair Ben …
Monthly Archives: December 2019
Get the Facts, Save on Tax
Benjamin Franklin sure nailed it when he said the only two certainties in the world are death and taxes. Paying income taxes has been a constant for almost 100 years for Americans, since the 16th Amendment to our Constitution was ratified in 1913. Back then, the top bracket was 7% and lowest bracket was 1%, and only 3% of the …