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.
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.
Selected excerpts from the DIARY OF A MILLENNIAL
It is always easy to look back in the investment world and see what could have been done and what should have been done. Hindsight is always 20/20.
The most recent announcement in Oakland, California has once again demonstrated, perhaps, one of the most dangerous investments anyone can have in their portfolio.
The Bretton Woods system, which emerged after WWII and lasted until the early 70s, had as one of its basic principles Capital Controls. However, after the decade of the 70s the pendulum shifted to a more free-market thinking and Capital Controls were relegated to the back burner.
When the Governor of Puerto Rico, Garcia Padilla said This is not politics, this is math it should have been a wake-up call for all holders of municipal bonds to take their heads out of the sand or wherever they have them stuck and cash in quickly.
Having heard, then newly elected, President Barack Obama proclaim that we were a nation which should and will live within its means, I sat back to watch exactly what he meant.
The cornerstone of economics has been and always will be the law of supply and demand.