

The Future: Labor, Land, and Capital
The future is uncertain. There is nothing original in that statement; however, if you ask simple questions of the present, you may get a...


Capital Risk in Corporate Pensions
Corporate pension managers have not enjoyed the last fifteen years. The confluence of lower interests and equity performance resulted in...


Four Questions When Investing
The essence of investing is risk management as it defines the risks to accept and the risks to avoid. Inherent in the investment decision...

8 Traits for Investing Success
Investing is not easy, and few people do it well over an extended period. The research documents this outcome well. Despite the evidence,...


Laboring Productivity and Free Trade
Labor and capital have battled perpetually since the dawn of humanity. This struggle usually resolved itself through the barrel of a...


Consumption's Revival or Requiem
The equity markets in the US are welcoming a new president, for whom regulations and taxes are anathemas, by rising at an unprecedented...