Each July 4 we Americans throw a national party. We celebrate our unparalleled freedoms which are the envy of the world. Our more “famous” liberties—freedom of religion, freedom of speech, freedom of the press, etc.—are spelled out in the Constitution’s Bill of Rights. But perhaps the hidden genius of that document is that it laid …

Our Most Overlooked Freedom? Read More »

In early October, 1871, a fire turned Chicago’s business district into a smoldering ash heap. Today, visitors to the Windy City marvel at a skyline of beautiful architecture. In late December, 2005, quarterback Drew Brees of the San Diego Chargers suffered a severe injury to his throwing shoulder. Many experts believed his NFL career was …

When Everything Seems Bleak Read More »

I had hip surgery last week. Man, did that ever hurt! Beforehand, I researched the procedure, the surgeon, the health facility, and the outcomes of others who’d had the same surgery.  What I didn’t focus on is the grueling rehab patients have to do after surgery. I didn’t think to ask, “How much pain will I …

What Pain Can Do for Us Read More »

After two years of masking up and shutting down, we stir-crazy Americans are traveling again!  Beaches are packed, Disney is bustling, and national parks and campgrounds are turning away visitors. Our renewed wanderlust means a reintroduction to a regular feature of road trips: potholes!  We’ve all had the unpleasant experience of driving along and hitting …

Five Financial Potholes (and How to Fix Them) Read More »

 “We’ve never seen anything like this,” my friend whispered in an ominous tone. “Like what?” I asked. “This economy,” he continued. “You know, inflation. Debt. The stock market.” “You’re worried about the stock market?” I asked. “Aren’t you?” he responded. “Do you remember when COVID-19 first appeared?” I asked. “In late February 2020, the stock …

What to Do When the Markets are in Turmoil Read More »

Back in the 1970s, an OPEC oil embargo sparked a period of hyperinflation in America. To clamp down on rising prices, Fed Chairman Paul Volcker raised interest rates. By 1981, you were lucky if you could find a home mortgage for less than 16%. Business loans were going for 25%.  On the bright side, if …

The Problem with Financial “Extrapolation” Read More »