They say, "The one thing you can count on in life is change." The industrial revolution, which lasted from about 1760 to sometime between 1820 and 1840 was the transition to new manufacturing processes, iron production usage, improved efficiency of water-power, the development of machine tools and began the change from wood to coal and…Read more
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While returning to NY recently on a flight, I was settled comfortably (an oxymoron?) in my aisle seat before takeoff, and at the last minute, a person filled the middle seat next to me. He was a kid (hey... at our age, they're all kids!) dressed typically for the day: hat turned sideways, lots of…Read more
The past quarter has been filler with a plethora of surprises, both domestically as well as internationally. A prolonged period of historically low interest rates has led the market into a feeling of precarious calm, with undertones of panic, although most won't admit it. It's been called the most hated Bull Run in the history…Read more
Since May of 2013 the Government has raised its benchmark interest rate on the 10 year Treasury bond over 30% in under six weeks giving banks and lenders the long awaited green light to raise rates on many varieties of loans we use. We carry many forms of debt on our household balance sheet and…Read more
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