The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.

If I am going to trash others for their dumb predictions, I must at least hold myself to the same sort of accountability.

Returnless risk is not how you prepare for a decent retirement.

You can blow on the dice all you want, but whether they come up seven is still a function of random luck.

I find it funny that people who didn't think there was any inflation in the pipeline are now talking about stagflation. This is nothing like the 1970's, which was a pretty dismal period and not just because of polyester and disco.

It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.

The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.