Drive past Madrid home of the Mineshaft Tavern and a tribe of people who are still wearing tie dyed T shirts and you won't find much Pass the last of the roadside miners' cabins and what you'll find is miles of beautiful scenery in all directions The road best known as "the Turquoise Trail "…
ReadTEMPE Arizona Edward C Prescott stands quickly walks to his blackboard and writes an equation for growth The last item in the equation is "plus residual " He underlines it with his chalk The word "residual" is to economists as dark matter is to astrophysicists it's something that's there…
ReadYou've heard about credit risk interest rate risk and manager risk right Well Donald D a Houston reader thinks there's a greater risk I think he's right He calls it "Congress risk " Writing in response to my recent column about the benefits of taking Social Security benefits later…
ReadQUARTZSITE AZ It's an unlikely gathering spot Drive west from Phoenix on straight as an arrow Interstate 10 Do this for 130 miles and you'll start to see dots a vast collection of white dots They are RVs They are spread for miles north and south of the three exits that constitute downtown…
ReadQ I have two questions First my wife's financial planner has her IRA invested in a fund (ticker FABGX) that has a 5 percent back load a management fee and a 12b 1 fee I say that's bull Of the total $20 000 is in a money market fund which at her age of 46 is also bull The remainder of the…
ReadCall it Longevity Angst After thousands of years in which human life was "nasty brutish and short " survivors of The Alienated Century have a new worry Today we wring our hands about "living too long " Of course no one is very precise about when we will have lived too long Generally it is…
ReadGLORIETA NM The need to re imagine your life is a bit like greatness For some it comes naturally But most have it thrust upon them That's how it was with Walt Fenoglio The need to re imagine his life was thrust upon him Only a few years ago he was an economist with TXU the utility company…
ReadQ A recent article suggests that incoming Federal Reserve Chairman Ben Bernanke faces quite a challenge "a housing bubble triggered consumer recession and deflation exacerbated by foreign flight from the dollar and bonds " How should that affect my investment decisions D C by email from…
ReadExchange traded funds are revolutionizing how we invest An exchange traded fund as the name suggests trades like a common stock That means you can buy or sell shares at any time during the day The difference is that an ETF is a portfolio of stocks (or bonds) that mimics an index Just as…
Read