Archive for the ‘Blog Posts’ Category

The Border Wall Nonsense

The Border Wall Nonsense

By The Banker | Blog Posts, Texas

Invasive vines creep over the hedge separating my house from my next-door neighbor’s house. Sometimes those vines even touch trees in my yard. That’s why every night I stand on the top of a giant ladder, shouting into a megaphone, straight into their yard. “You’re going to cut those weeds right now! And then you’ll […]

TX Rainy Day Fund Proposal

TX Rainy Day Fund Proposal

By The Banker | Blog Posts, Texas

Texas Comptroller Glenn Hegar proposed last month significant shifts in management of Texas’ Rainy Day Fund, and it’s all shockingly sensible. I say shockingly not as a diss against Hegar, but rather because my usual stance with respect to fiscal prudence among government leaders is an exasperated shrug. It’s usually “Oh, they went and did […]

A Budget Discussion Thats Not Stoopid

A Budget Discussion Thats Not Stoopid

By The Banker | Blog Posts, Taxes

As of last week, your income taxes are all filed. Congrats! Or, like me, you got an extension. Boo! In either case, it’s a good week to think about what our tax money bought this year. And since we’ve all been promised federal tax reform this spring or summer from a unified legislative and executive […]

100 Year Bonds In The Trump Era

100 Year Bonds In The Trump Era

By The Banker | Blog Posts, Texas, Wall Street

The United States does not currently issue bonds with maturities longer than 30 years, but the idea of super long-dated national debt is back in the air. Long-dated, as in bonds due in 100 years. One reason 100-year bonds are kind of neat is that nobody alive right now ever needs to worry about paying […]

TRS - A Texas Pension Too Big To Fail

TRS – A Texas Pension Too Big To Fail

By The Banker | Blog Posts, Investing, Personal Finance, Texas

Texas State Senator Paul Bettencourt, (R-Houston) poked the bear when he filed Senate Bills 1750 and 1751, which would allow the Teachers Retirement System of Texas (TRS) and Employee Retirement System of Texas (ERS) to study, and possibly implement, changes in their public pensions. Change would mean moving – in an as-yet unspecified way – […]