Archives for “Savings”
While hardly a household name, Dr. Harry Markowitz developed a new way of looking at savings and investment that has fundamentally changed the financial world. In the 1950′s, Markowitz quantified the benefits of diversification in one’s savings. Prior to his work, most investors thought in terms of individual good and bad investments, but Markowitz proved [...]
The US Government’s balance sheet is looking a bit unsound lately – $12.4 trillion in public debt. Correcting for the Enron-like accounting that hides the Government’s Social Security and Medicare liabilities, the figure is estimated at $59 trillion. While “can’t” is not in the traditional American vernacular, repaying $59 trillion in debt, or even servicing [...]
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