By Professor Ricardo “Rick” Ulivi, Ph.D. September 2017 The financial goals of our nation can be summarized as follows: achieve sustainable economic growth, low inflation, and full employment. Currently, these goals have been achieved; the economy has been growing for over nine years, inflation is super low, and we are at full employment. It seems

By Professor Ricardo “Rick” Ulivi, Ph.D. August 2017 As a fiscally conservative individual, I feel too many investors are ignoring reality. They are not seeing the writing on the wall, and when I tell them what’s on it, they think I am a pessimist, or worse yet, they disregard my warnings completely. What do I

By Professor Ricardo “Rick” Ulivi, Ph.D. June 2017 There are two very important investment objectives, yet they are contradictory. If preservation of capital is important for you, you can’t expect to make your principal grow at an attractive rate of return. And if you want to make your principal grow, you have to be willing

By Professor Ricardo “Rick” Ulivi, Ph.D. April 2017 Since before and after Trump’s election, I recommended you remain cautious, and in most cases, to reduce your stock exposure. I thought prices were too high, and that a correction was necessary to have stock prices reflect current facts. Yet, right after Trump won the election, and

By Professor Ricardo “Rick” Ulivi, Ph.D. March 2017 Inflation is a terrible economic variable because it lowers most people’s standard of living. A few, of course, can benefit from inflation but most lose. Therefore, we should be very concerned with it, especially given that it’s been so low for so long. Inflation is never totally