The 2% solution

The US economy can’t get out of its own way. Seven years of sub 3 percent economic growth have discouraged millions of middle and working-class families and deferred the dreams of the millennial generation. This (seemingly endless) saga of lingering debt, stagnant wages and jarring income  inequality has flummoxed economic…

A surprising Trump win

It appears that the dog has caught the car - Donald Trump has been elected President. The obvious question is – what will he do with it? Donald Trump has won the Presidency with both fewer actual votes than Hillary Clinton (she won the popular vote), and less than a…

2016 story remains the same

January is prediction season, and here at Fort Pitt we like to demonstrate that we’re at least thinking about the economic future, even if we’re really not able to do much about it. Investing is about positioning one’s portfolio for the best possible outcome given both available returns and the…

Charlie’s month-end reading list

Happy New Year to all Ramparts readers! Check out the stories that caught our eye at Fort Pitt this month: “My Sorry Social Security Return,” by Jeremy J. Siegel, published in The Wall Street Journal, examines the miserable returns that high earners get from the U.S. Social Security system. The Federal…

The “Good News” Budget

We’ve written many times over the years about the problems which come from excessive Federal spending and debt. During the government shutdown in 2011, for example, we propounded the Republican budget plan to pare Federal spending as a percentage of Gross Domestic Product (GDP) to 20% and keep it there.…