Economic News

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heelinhell said:
I'm a retired Registered Financial Consultant and would be happy to meet with you and develop a retirement plan if you live within driving distance of Carrboro/Chapel Hill. I provide my services pro bono :D
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Thank you for the offer, but I live in North Atlanta.

But, if you have any recommendations for finding a good advisor, those would be greatly appreciated.

Also, any warning signs so I know to run would be helpful.

We almost went with my MILs advisor once, until he swindled her out of $100k. So I'm very hesitant to let anyone have any kind of access to my money.
 
UNCatTech said:
Thank you for the offer, but I live in North Atlanta.

But, if you have any recommendations for finding a good advisor, those would be greatly appreciated.
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UNCatTech said:
Also, any warning signs so I know to run would be helpful.

We almost went with my MILs advisor once, until he swindled her out of $100k. So I'm very hesitant to let anyone have any kind of access to my money.
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I do not personally know any advisors in Atlanta so I can't help you with that.

You are unlikely to find an advisor who works pro bono 🥲 so my recommendation is that you narrow your search to find a fee for service advisor who will have a fiduciary responsibility to advise you based upon your best interest and not in order to line his/her pockets with commissions and management fees. Hourly fees range between $150-300

I suspect that your financial situation is not complex and financial planning for retirement probably doesn't require advice from costly advisors.

When I first meet a client I generate a retirement plan with my software using the client financial data provided to me. It takes me about 30 minutes to generate a beautiful 42 page colorful plan with lots of graphs and other bells and whistles. I put it in a nice binder and tease them saying that a financial planner would charge you around $1500 or more ( no joke ) :rolleyes:

Because you are a fellow UNC brother and I think we have had a connection regarding your daughter before ? If you have a genuine concern, I have a proposal :

I am willing to pay for you to travel to Carrboro for a meeting which would include an overnight hotel stay, an evening meal ,next day breakfast, and cost of gas which does not worry me because Trump has made it a cost nothing burger

If interested send me a personal message. If skeptical ask zooview

Either way, I love you like a brother
 
nycfan said:


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Waller was appointed by Trump and is MAGA. The economics department at Washington University is deeply and historically "freshwater" -- i.e. conservative.

I would not trust any of these judgments, especially the one time price increase part. That's just not how inflation works, ever. I can't think of the last time the economy experienced a one-time price increase that didn't spread everywhere. The oil shocks of the 70s were one-time events but they created inflation for a decade.

I am also deeply skeptical that firms are pausing but not cancelling plans. I call bullshit on that. For one thing, pauses are often the same as cancellations. Second, that's an impossible judgment to make right now. Nobody is making decisions because of uncertainty. Cancelling is making a decision. So everything is paused. Some of these pauses are going to be cancellations, almost surely, unless Trump's economic policies end up just restoring the status quo.

I cannot understand how anyone can look at this economy and think, "if tariffs stay at 10% everything is good." That's utter bullshit.
 
farce© said:
So now ZooView is a considered a credible reference?

Low bar! 😂
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ok wise guy 🤪

Zooview knows that when I offer such a proposal , I take it to the bank...

Maybe he will come to my defense or maybe not :)

and in my humble opinion Zoo is the gold standard when it comes to an endorsement on any topic:cool:
 
HIH
Better handle by way graphics et al but honestly my wife and I are old school and she's 5 years older than me but we figured that we'd xout about the same time!?! We're both hard working self employed but haven't been very knowledgeable about how we navigate how to use our equity to benefit our children. Does that resonate enough for a new thead.?
 

The Debt Is About to Matter Again​

When interest rates outpace growth, very bad things can happen.

🎁 —> The Debt Is About to Matter Again


“… The debt, according to these economists, still mattered. But whether it would become a serious problem, they observed, depended not on how big and scary the number was (about $28 trillion at the time, and today closer to $36 trillion), but instead on a simple formula involving the variables r and g. As long as a country’s economic growth rate (g) is higher than the interest rate (r) it pays on its national debt, then the cost of servicing that debt will remain stable, allowing the government to roll it over indefinitely without much worry. Given that interest rates had been close to zero for a decade, Furman and Summers concluded that the “economics of deficits have changed” and called on Washington to “put away its debt obsession and focus on bigger things.”

But what was true then is true no longer. The combination of Donald Trump’s growth-inhibiting tariff crusade and the GOP’s deficit-exploding tax bill is likely to push the relationship between r and g into extremely dangerous territory. “In a short amount of time, the fiscal picture has gone from comfortably in the green-light region to the red-light region,” Summers recently told me. In other words, now would be a very good time for Washington to bring back its debt obsession.…”
 
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