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The Pirate Ship
August 09, 2023 | Gone are the days when you entered the workforce, worked for one or two companies for 40 years, then retired with a nice pension. For decades, repeatedly switching jobs had been a red flag. Stay with one, large, steady company. Stay loyal. Reap the rewards in retirement.
Confidence Game
August 08, 2023 | The credit rating agencies are back in the news. No, Moody’s isn’t making headlines for following Fitch’s footsteps last week by downgrading the U.S. government — it’s the last of the big three who still gives the U.S.A. a perfect credit rating. Instead, the firm turned its attention to U.S. banks.
Apartment Trouble
August 07, 2023 | Apartment complexes are in trouble. Not because of a lack of demand, though. Rather, higher interest rates have made debt costs unmanageable, threatening to “wipe out many multifamily owners across the country,” writes the Wall Street Journal.
