Visit the website of Le Bristol Paris here. … [Read more...]
Forbes: Powell’s Fed Still Believes in Funny Money
In an editorial appearing in his eponymous magazine, Steve Forbes writes that the Federal Reserve's new chairman, Jerome Powell will continue the same bad policies that have done so much harm to the American economy. Forbes lists a number of these misguided approaches, but the first is the belief in what he calls "funny money." He writes: THE FEDERAL RESERVE'S new chairman, Jerome Powell, recently presided over his first meeting of the Federal Open Market Committee, which sets central bank policy, most particularly the level of interest rates. Powell looks to continue the same destructive … [Read more...]
Crepes at Breizh Café Paris
Located in Le Marais at 109 Rue Vieille du Temple. Bon appetit! … [Read more...]
“E.J., What’s Going on with Vanguard GNMA?”
“E.J., what’s going on with Vanguard GNMA?” my mother asked me the other day. “Hi mom” I said. “Hang in there.” Hard to believe but Vanguard GNMA is yielding just over three percent today. Yes, its price is down but you only lose when you sell. And I’m not selling. I’m buying more at lower prices and taking the three percent. Because it’s a three percent world. I’m just living in it. “How about bank CDs?” you might ask. I see the teaser rates out there. But you can feel like a mouse on a wheel chasing rates and locking in FDIC protection. You can put a lot of money in Vanguard GNMA and … [Read more...]
Yves Saint Laurent Paris
Visit the Musee Yves Saint Laurent Paris. Check the website for hours. “The most beautiful trips I took were through books, on my couch, in my living room.” -- Yves Saint Laurent … [Read more...]
Storied Gibson Guitar Company Falls to Debt Overload
For nearly a decade it has gone without question that companies would take on debt to finance acquisitions. With interests rates so low, investor groups were practically forcing companies to buy competitors and other businesses to expand revenue streams. Managers were only to happy to oblige. Gibson, maker of guitars and audio equipment, is the latest storied business to fall victim to low rate debt offered by private equity groups looking to cash in on a strong brand. Now, the private equity crowd will take control of Gibson after its bets have gone bad. Becky Yerak reports: Under a … [Read more...]
Jamon Iberico Paris
Your Retirement Life: The Vineyard Vines Story
When Shep and Ian Murray quit their jobs in New York City back in 1998 to sell ties in parking lots on Martha’s Vineyard, their business plan was simple: “Twenty years ago, as Silicon Valley casual wear spread east, the timing for a necktie business seemed awful. But the Murrays settled on a contrarian thesis: Yes, guys were wearing ties less often, but when they did, they wanted to make a statement. And neckwear had high margins and no sizing issues,” writes Steven Bertoni in Forbes. Every summer, when my family visits their flagship store in Edgartown, Vineyard Vines is packed. The brothers … [Read more...]
Midday in Paris
Your Retirement Life: Imagine if the Best Years are Behind You
Where will you live in retirement? Having recently been to New York City it’s a wonderful place to visit, but nowhere I’d like to spend most of my time. Plus, who can afford it? Check out the quote at the end of this piece. But first… Imagine retiring in 1999 and dreaming about the trips you would take using the profits from the stock market. Well for ten-years hence, the Dow lost money. That’s right, from March 1999 to March 2009 the Dow went from over 9,800 to just under 7,300—not including dividends. And that’s the key. For dividend-centric investors, living through such periods of … [Read more...]
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