Economics Archives

Inflation is Compounding Longevity Risk, Presenting New Challenges for Retirees

By Ted Kerr / June 15, 2022 June 15, 2022

It wasn’t until the baby boomer generation started to retire that we had to face the challenge of longevity risk—the risk of outliving one’s income. Compared to our parents or grandparents who might have lived ten or fifteen years in retirement, most people today can expect to live well into their eighties and early nineties. …

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Should We Be Bracing for Inflation? Keep Your Hat On

By Ted Kerr / July 13, 2021 April 15, 2022

With the recent spikes in the Consumer Price Index (CPI) and perceivable price increases at the gas pump and grocery checkout counters, there are mounting concerns over a resurgence of inflation. Interestingly, except for most of the baby boom generation, few people alive today have experienced real inflation, so several generations may not know what …

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My Prescription to Improve Your Portfolio: Ignore Economists

By Ted Kerr / March 18, 2021 March 29, 2021

It was a tough year for economists. Granted, no one could have predicted the turn of events that led to one of the deepest recessions in our history. However, as both the economy and stock market were regaining their footing last Spring, it seemed that economists were still tripping over themselves trying to make some …

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Should Investors Fear or Embrace the Experience Economy?

By Ted Kerr / December 2, 2020 March 29, 2021

We don’t make anything in this country anymore. While he didn’t say it quite that way, I assume that’s what a client of mine meant when he was lamenting the shrinking of our “tangible” economy. Now in his mid-sixties, my client, I’ll call him Nate, grew up around Pittsburgh when steel mills were firing 24/7 …

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When Economists Talk, Should We Listen?

By Ted Kerr / August 5, 2020 March 29, 2021

It’s in times like these that the hyperbolic media is at its shrillest. Why? Because it sells advertising. To appear as a legitimate source of financial punditry, the cable channels parade talking head economists across the screen to pontificate on urgent matters of the economy and the stock market. The only problem is they are …

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For Buffett, Three Wrongs Don’t Make a Right

By Ted Kerr / May 27, 2020 March 29, 2021

Warren Buffett recently admitted that buying huge stakes in the airlines was a big mistake – 30 years after making a similar mistake with an airline. Those two wrongs certainly don’t make a right. However, his decision to bail on his stakes, as devastating as his losses were, was absolutely the right decision. When the …

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