Archive for the ‘Blog Posts’ Category

Estate Tax Takedown - Levine Defeats Mankiw

Estate Tax Takedown – Levine Defeats Mankiw

By The Banker | Blog Posts, Personal Finance, Taxes

I’m a huge fan of Bloomberg’s Matt Levine,1  who is basically smarter and funnier than anyone writing about finance. Anyway, I was annoyed to read yesterday’s Op-Ed by Gregory Mankiw (whose textbook of course we all had to have in College) Mankiw’s a Harvard professor with all the respect that comes with that, and he’s [&hellip

Hello Houston

Hello Houston

By The Banker | Blog Posts, How Not To Invest, Investing, Personal Finance, Texas, Wall Street

The Houston Chronicle recently started running my stuff, and I’m excited. In honor of my introduction to Houston, I’d like to offer a personal story about my very first trip to Houston. Best of all, this anecdote has a pithy financial moral at the end. In Spring 2001 I lived in New York City and [&hellip

Houston We've Got a (Pensions) Problem

Houston We’ve Got a (Pensions) Problem

By The Banker | Blog Posts, Texas

Houston’s three public pensions may not be in total distress today, but some of the instrument panels are beginning to flash orange. One of the warning signs is the hit to the city’s credit-ratings earlier this year, as Moody’s Investors Service downgraded the City of Houston’s debt on March 16 2016. You might guess that [&hellip

Public Pensions - The Big Four In TX

Public Pensions – The Big Four In TX

By The Banker | Blog Posts, Texas

A key reason why I started a discussion of public pension funds in Texas by saying “Don’t Panic” is because 88% of Texans covered by a public pension plan are participants in one of just four plans, and the good news is that none of these four are in distress. Right now.  The largest four [&hellip

Hamilton And Sovereign Debt

Hamilton And Sovereign Debt

By The Banker | Blog Posts, Texas

How does a profane, hip-hop, hit of a show, and a chapter, dropped in the middle of a behemoth book on Alex Hamilton, by Ron Chernow capture the current zeitgeist, show us to treat our debt with sacred honor? Hamilton, the musical by Lin-Manuel Miranda, swept through my household this Summer like a hurricane, buffeting [&hellip