All posts by Dr. Douglas Rice

Markets and China

Markets were down a couple points last year and started this year looking worse. As my students and followers know, this was expected. I have been worried about the Fed rate hike and a China collapse for some time.

Today on This Week with George Stephanopoulos Nobel Laureate Paul Krugman finally started to agree with me. Unfortunately, he still is a step behind.

Here’s what he said, followed by my take. Continue reading Markets and China

Is it a Business or a Hobby?

The article, Get rich or die vlogging: The sad economics of internet fame, provides a good example of how easily people can become about business.

The author, Gaby Dunn, tells us about how hard it is for even the most popular youtube video stars to make a living. It’s a solid piece of work save one thing. It never addresses the most fundamental issue.

Is it a hobby or is it a business? Continue reading Is it a Business or a Hobby?

Financial Advice and Critical Thinking

The requirements for a fiduciary focus on putting your clients interests first. The investment industry fights legislation to make this a law applicable to everyone.

Even a novice critical thinker would conclude that they fight this potential law because it will reduce their profits – which it would.

So it’s no surprise to read in today’s Politico’s Money Money by Ben White the following: Continue reading Financial Advice and Critical Thinking