Along with his 40-years of dedication in the financial services industry, Bill is the President and CEO of GPSforLife, has recently authored a highly successful book entitled 44th: A Presidential Conspiracy, publishes his dynamic monthly financial newsletter MacroProfit, and faithfully continues his third decade on the radio with It’s All About Money, which can be heard weekdays on Money Radio in Phoenix and in podcast form on his website (and on smartphone apps) published at billtatro.com weekdays at 5pm Eastern. Bill can be reached via email at firstname.lastname@example.org and on Twitter @tatroshow.
Founded on sound fiscal and budgetary measures, ensconced within the framework of the Constitution and a smattering of The Declaration, the Tea Party seems to have exhausted its shelf life. It has gone the way of a Ross Perot bumper sticker.
Once upon a time when I was a little tyke (believe it or not), I stopped believing in the Tooth Fairy (TF). However, I kept up the facade of belief since a lost baby tooth under the pillow converted to 25 cents in the morning.
Once again the elite meet and greet in Davos for their annual kum bi ya.
As most readers of this column are well aware, I have been a long time proponent of a heavy dosage of cash as the investment vehicle of choice.
When the clock struck 12am on January 1st another new year was entering history. Writers write, singers sing and financial pundits fill the airwaves, columns and blogs with what the average person should do to be investment successful in the year ahead.
Some say Tis the season to be Jolly. Others will say Remember the reason for the Season. Perry Como once sang I wish it could be Christmas forever.
I said quite awhile ago short oil, short the Euro, go long the Dollar, short equities.
Once upon a time people who looked to benefit from the stock market were called investors.
When gasoline dropped from $4 a gallon to $3 a gallon mainstream media, Wall Street economists and, of course, the White House proclaimed a boon for the American public.
Why wont people save for retirement? Obviously, according to mainstream media, especially the Financial News Networks and most liberals in general, the average folk dont have the tools to stash it away.
All eyes are focusing on the Presidential debates. Actually, more likely, the World Series and the Kardashians Fall Premier.
Its the political season and everyone wants to know what the next President can and will do for them. Unfortunately not one, even the Donald, is addressing the real culprit responsible for the financial hardship that so many millions are enduring and many more will in the days ahead.
Most are familiar with the Participation Rate as reported by the Bureau of Labor Statistics (BLS) and its continual decline. Much has been made, pro and con, about this number.
Why is it that we never learn? Human nature, being what it is, has always earned an F when it comes to history as applied to current events. Do we learn from the past? Never!
How many times has a Financial Adviser sat down with a client to develop a retirement plan and said Of course, well want to factor in the deflationary aspect of the Central Bank Zero Rate Policy.
Both my wife and I discovered that we had something in common besides all the usual factors that result in tying the nuptial knot. Each of our fathers spent their career in the retail profession.
To Hike or not to Hike, that is the question
Having taught, lectured and broadcasted for almost 40 years, it never fails to amaze me how Wall Street, Mainstream Media and Financial Advisers in general continue to misinform the average citizen about the power of cash.
I am not sure if Vegas learned from Wall Street or if it was the other way around. Regardless, both are skilled in the art of keeping you in the game, at the tables, for as long as it takes for you to lose all your money.
These are random thoughts from a man on the street the day after the DOWs largest roundtrip ever.