Financial Intelligence is part of the Informa Intelligence Division of Informa PLC
This is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
My son asked me the other day, a few weeks shy of his wedding I’ll proudly add, why the deficit as a result of the recent tax plan, was ‘bad’ if it raised the stock market. How do you explain something so complicated to a mechanical engineer, smart, but focused on inventing stuff and whose main eye contact is with his feet?
I made it so simple even a member of Congress would get it. I explained that I just wrote him a check for a hypothetical $1 mn, and asked what he would do with it. He started a list of things -- ATV, snowmobile, chainsaw for starters -- to which I said, great, but you already owed $1 mn and have to pay off that debt, too, so now you owe $2 mn. He furrowed his eyebrows a bit, thought for a moment, and asked if he’d already bought the ATV with the first million. I said, no, he spent that on the dishwasher and A/C, which isn’t working, with a little bit to pay for college and a lot to pay for Grandma’s Social Security and Medicare. “But she paid into Social Security!” I advised, “Not as much as she’s getting.” Read more from David Ader's latest musings...
Serving institutional clients worldwide, we provide premier data for competitive intelligence and money market fund analysis delivering fast, accurate information for more than 2,000 US and offshore money funds as well as for ultrashort bonds.