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The Potato Chip Principle

About ten years ago I heard an interesting question. At what age do people buy the most potato chips?  I thought maybe when they are in college. The answer? Forty-five. That sounded kind of strange. What is it about middle age that brings on the munchies? Forty-five...

March Economic Update

March 2018 THE MONTH IN BRIEF Investors certainly received a wake-up call in February. A correction hit Wall Street for the first time in nearly two years, and benchmarks overseas were also challenged. Two weeks later, though, the S&P 500 had gained back more than...

January Economic Update

January 2018 THE MONTH IN BRIEF Financially speaking, the last month of 2017 was also the year’s most newsworthy. Congress reformed federal tax law to a degree unseen since the 1980s, the Federal Reserve raised the benchmark interest rate, and bitcoin took its...