Tag: Alan Greenspan

The Simple Math: Hey, Baby Boomer, How Much Money Will You Need When You Retire?

Many of us baby boomers are lucky enough to have parents in their 80s and 90s. Many of those folks retired when they were in their 60s, which means that many of them have had 30-year-plus retirements. During this time many of those folks have had the pleasure, brought to […]

Foxes, Henhouses and SROs

Very few people have ever heard the abbreviation SRO, let alone know what it stands for or means. For those happy natives in SFCA who read, the letters mostly conjure up Single Room Occupancy, as in SRO Hotels, which are hotels that serve as residences for people without a lot […]

The Problem with Trying to Predict the Future: Whooz t’ Know?

Today I awake to a report that growth of the GDP last quarter was anemic, at a 1.1% annual rate (3% to 5% is usually considered Goldilocksian just right, in the sense that too much growth can generate wicked inflation, and too little growth can feed on itself to generate […]

Of basis points, beeps and bips: the atoms of interest rates

Today I have something short and purely educational for you. Interest rates are in the news today. Greenspan et al. are meeting, and there is unanimous agreement among the punditocracy that he will raise short term interest rates (the only interest rates over which he has much power) by 0.25%. […]