Why is OPEC Cutting Oil Output?
Here are the main reasons why OPEC+ is cutting output: CONCERNS ABOUT WEAK GLOBAL DEMAND Saudi Arabia has said voluntary output cuts of 1.66 million bpd on top of the existing 2 million bpd cuts were made as a precautionary measure aimed at supporting market...
Markets Got You Down? Consider a Roth Conversion
Nobody wants to pay taxes now when you can defer them to a future year, right? Not so fast. Are there times when it makes sense to take the taxable income you don’t need for current expenses? One of MoneyLetter’s colleagues, Bruce Hardy – portfolio manager for the...
Inflation Hits Stocks, Bonds…and Your Wallet
We commit a lot of editorial space in MoneyLetter to the effects of high inflation on equity and fixed income prices. But what about the effects of inflation on your wallet? Everything from food to gas to home repair products seems to be increasing in price every day....