Are you ready to start eating bugs? Or or goldfish muscle dipped in fetal bovine serum? Scientists point out that people 100 years ago probably would have barfed at the sight of a Twinkie and would have had trouble comprehending a Dorito. So, looking ahead 100 years, they’re predicting that the food people typically consume will get weird in ways that are surprisingly predictable.
We hear all the time that medical costs are too high in the U.S., and that Medicare is going to go bankrupt in the future. The President-Elect recently told us in a press conference that drug companies are “getting away with murder.” So how high are drug prices, and are those prices contributing at all to the high medical costs in the U.S.?
Every year, the Morningstar mutual fund tracking organization releases a list of the worst new ETF investments—and generally, these tend to be trendy new offerings that are designed to catch the eye of investors who are responding to yesterday’s headlines rather than their long-term economic future.
Most of us suspect that the world is going to hell in a handbasket—or at least getting worse over the long term. In the U.S., only 4% of respondents will tell you that our world living conditions are improving.
Happy new year! Did you ever wonder how January 1 became the day when one year ends and another begins? Or why this handoff from one year to the next takes place a few weeks after the shortest day of the year? Why are there 12 months instead of, say, 25 or 50?
You know you’re deep into a longstanding bull market when you see things like average pedestrians keeping one eye on the market tickers outside of brokerage houses to see when the Dow Jones Industrial Average has finally breached the 20,000 mark. Who would have imagined record market highs at this point last year, when the indices ended the year in negative territory? Or when new year 2016 got off to such a rocky start, tumbling 10% in the first two weeks—the worst start to a year since 1930?
Anybody who was surprised that the Federal Reserve Board decided to raise its benchmark interest rate this week probably wasn’t paying attention. The U.S. economy is humming along, the stock market is booming and the unemployment rate has fallen faster than anybody expected. The incoming administration has promised lower taxes and a stimulative $550 billion infrastructure investment. The question on the minds of most observers is: what were they waiting for?