Year 2023
PMA highlights articles that we think provide useful insights into finance, business, the economy and current events. Select from those listed to read on-line.
September
Posted on September 16, 2023Powell Says Fed Will ‘Proceed Carefully’ on Further Rate Rises
Nick Timiraos, The Wall Street Journal
The (In)Accuracy of Market Forecasts
Larry Swedroe, WealthManagement.com
A Generational Change
Michael Batnick, The Irrelevant Investor
Alternatives Have Been ‘Kryptonite’ to Alpha — At Least for Public Pensions
Julie Segal, Institutional Investor
Active Versus Passive Investing
Daniel Berkowitz, CFA, CIPM, AFP
August
Posted on August 11, 2023Bernanke Says Next Fed Interest Rate Hike May Be Its Last
Rich Miller, The Wealth Advisor
Team Transitory Had a Point About Inflation
Alan S. Blinder, The Wall Street Journal
Why Businesses Can’t Stop Asking for Tips
Rachel Wolfe, The Wall Street Journal
Midyear Review: Staying Focused as Markets Shift
Dimensional
July
Posted on July 11, 2023Jeremy Siegel – The Market is Not in a Bubble
Robert Huebscher, VettaFi Advisor Perspectives
Former Fed chief Bernanke says labor costs becoming more prominent in inflation
Howard Schneider, Reuters
Financial storm bears down on US commercial real estate
Joshua Chaffin, Financial Times
The Folly of Trying to Control Technology
Laurence B. Siegel, VettaFi Advisor Perspectives
June
Posted on June 10, 2023Inflation Has Peaked—Get Ready for Deflation
Donald L. Luskin, The Wall Street Journal
We May Be Getting Used to High Inflation, and That’s Bad News
Grep Ip, The Wall Street Journal
What Happens After a Bad Year in the Stock Market?
Ben Carlson, A Wealth of Common Sense
The Case For International Diversification
Ben Carlson, A Wealth of Common Sense
May
Posted on May 10, 2023America’s economic outperformance is a marvel to behold
The Economist
Commercial Real-Estate Woes Run Deeper Than in Past Downturns
Konrad Putzier, The Wall Street Journal
Is Your Investment Policy Statement on Point
Daniel, Berkowitz, CFA, CIPM, AFP
Conference Roundup: Mark Mills on the Cloud, the Robot Revolution, and Machines That Think
Laurence B. Siegel, AJO Vista
April
Posted on April 7, 2023The Fed passes the first test of its inflation resolve
Nicholas Sargen, The Hill
Here’s Why the Economy Seems Weird
Greg Ip, The Wall Street Journal
Berkshire Hathaway’s Performance vs. the S&P 500
Berkshire Hathaway
March
Posted on March 10, 2023Are We Headed For A Recession Or Not?
Santul Nerkar and Amelia Thomson-DeVeaux, FiveThirtyEight
U.S. Stock Market Returns – a history from the 1870s to 2022
The Measure of a Plan
Stock Buybacks Aren’t Bad. They Aren’t Good, Either.
Jason Zweig, The Wall Street Journal
Has first person to live to be 150 been born?
Alvin Powell, The Harvard Gazette
February
Posted on February 16, 2023Experts Spent Years ‘Angsting’ Over Value. In the End, the Answer Was in the Textbook.
Julie Segal, Institutional Investor
The Long-Term Wins
Ben Carlson, A Wealth of Common Sense
The U.S. Consumer Is Starting to Freak Out
Harriet Torry, The Wall Street Journal
January
Posted on January 12, 2023Investors are bracing themselves. Will 2023 be another rough year?
Joseph N. DiStefano, The Philadelphia Inquirer
What the Fed should do next on inflation
Lawrence H. Summers, The Washington Post
After a Terrible Year for Bonds, the Outlook is Better
Jeff Sommer, The New York Times
Capitalism’s Triumph over Feudalism
Laurence B. Siegel, Advisor Perspectives
Yield Curve Inversion Reaches New Extremes
Sam Goldfarb, The Wall Street Journal
Eight Questions to Ask Your Aging Parents (and Yourself) to Keep Their Phones Safe From Hackers
Dalvin Brown, The Wall Street Journal