Interpreting economic indicators has spawned a huge industry in finance. Being able to “read the tea leaves” and forecast which way housing prices (and housing sales) are headed give some the belief they can tell when the economy is tipping over. Well, at least it worked in 2007. But very few listened. The problem with… [Read More] Economic Indicators Send Mixed Messages
I grew up a Knicks fan on Long Island. Even though the Nets (and Dr. J) played in my backyard, my heart was with the Knicks. Bradley, Frazier, Reed, Earl (the Pearl), Phil Jackson (yes, THAT Phil Jackson), Dave DeBusschere. A lot has been written in the past 24 hours regarding the Knicks and their… [Read More] Knicks: No Game Plan?
Earnings forecasts are a risky tool in our bag. There was a story in Bloomberg this morning (January 10, 2019) discussing how “profit forecasts are being cut like it’s 2009” I have a few thoughts on earnings forecasts, and then we will get to where this affects me and you. 1. Companies have to determine… [Read More] Earnings Forecasts and You
It’s been a long time since I took Drivers Ed – nearly forty years. I remember (back then) having a dream (more like a nightmare), where the Drivers Ed instructor yanks the steering wheel while I was driving. I’m glad it was only a dream. In reality, the instructor gave the steering wheel a tiny… [Read More] Yanking the Steering Wheel
Show Notes ‘Ep. 116 – Gift Taxes: The Basics’ – Mullooly Asset Show Gift Taxes: Part II – Transcript Tom Mullooly: In episode 117 we continue our talk, or discussion, on gift taxes and gift tax returns. Welcome to the Mullooly Asset Show. I’m your host, Tom Mullooly. This is episode number 117. If… [Read More] Gift Taxes: Part II
Refinancing debt is not extinguishing debt. When folks tell me they “did a wise thing” and refinanced their mortgage, I seem to ask “party-pooper” type questions. Sorry. Did you take cash out when you refinanced? What did you do with the cash you took out? Did the cash go to pay off some other debt?… [Read More] Extinguishing Debt