Archive for the ‘Texas’ 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 […]

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 – […]

Variable Annuity Salespeople: Just Because You're Paranoid Doesn't Mean I'm Not Out To Get You

Variable Annuity Salespeople: Just Because You’re Paranoid Doesn’t Mean I’m Not Out To Get You

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

A funny email note went out yesterday from the National Tax-Deferred Savings Association (NTSA) about my article on the terrible retirement product teachers generally get, from an organization funded by the people selling those terrible products. By their note I gather they support the selling of shit-sandwich annuities to retirees, stuffing unsophisticated people’s retirement accounts […]