This post is concerned only with the career average real salary of specialists such as anesthesiologists, dermatologists, and ophthalmologists. A later post may consider traditional general practitioners, whose career average real compensation levels are likely to be even lower than for specialists. An article recently appeared online claiming that, given the enormous amount of time …
Giving Back Nonsense
We too often hear the wealthy describe their philanthropy as “giving back.” This cliche suggests that their wealth was taken from someone or, in other words, that someone else was necessarily made poorer in order for the wealthy donor to become rich. But anyone having even a basic understanding of economics (or just common sense) …
For Reasons Unknown
Recently a video appeared on cnbc.com with the headline, "Markets surge on 'phase 1' trade deal hopes" and is typical of news reports that appear almost daily in the financial press purporting to tell us why securities prices rise or fall. Their titles are worded in such a way as to suggest that the journalists …
Negative Interest Rates
Recently increased demand for sovereign bonds has resulted in lower, sometimes negative, yields. This demand comes from central banks attempting to increase their national money supply and reduce interest rates in order to stimulate their economies. Demand also comes from investors seeking the perceived investment safety of government bonds. Under negative interest rates lenders pay …