“Risk is the feeling of disutility caused by uncertainty.” That is the definition I learned at Chicago in business school and it has stuck with me for the last 30 years. Most of all, I like that it frames risk in personal terms (“how do...
With Black Friday kicking off Holiday 2019 next week, the best deals from various retailers have started to trickle out. As we continue to highlight, there’s the fewest possible number of days between Black Friday and Christmas with...
Common wisdom has it that older Americans (55 years old and up) are increasingly choosing to stay in the workforce out of financial necessity. Gone are the days when companies offered generous pension plans that allowed for 25-and-out...
As we head into Holiday 2019, “tis the season” to wonder about both the US consumer and the state of US retail sales. Retailers are keenly aware that Thanksgiving falls late this year, making for the lowest possible number of days from...
Cannabidiol (CBD) – a non-psychoactive compound in the cannabis plant that supposedly has therapeutic benefits – surged in popularity earlier this year, but has it held people’s interest? It’s nearly impossible to walk by a health store...
The New York Fed was out with its quarterly Household Debt and Credit Report today, which tracks both aggregate consumer debt levels and delinquency rates. A quick summary of the former: Housing related debt is up 2.8% over the last year, to...
