As we await the U.S. presidential election results, we review the results of the Trump Administration's economic policies to see if Americans are better off financially than they were four years ago. Topics covered include: Why pollsters and election models can be wrongWhy the state of the economy often drives election outcomesWhat has been the economic impact of the 2017 Tax Cuts and Jobs ActWhat has been the impact of the U.S. trade war with ChinaHow have poverty and health insurance … [Read more...]
138: Should You Sell Your Stocks Before Trump Takes Office?
How to make decisions in the face of uncertainty and why deciding to sell stocks should be based on feelings of regret rather than gut feelings about what we think will happen with financial markets and the economy. Photo by Matt Johnson In this episode you'll learn: What are the heuristics or rules of thumbs we use to make predictions. What is the availability heuristic. What is hindsight bias. How we make investment decisions based on regret and risk aversion. Do … [Read more...]
132: Trump Wins – Now What?
What should you do about Trump presidency? And how the truth was the real loser in this presidential election. Photo by Olu Eletu In this episode you'll learn: How fake news gets equal billing as real news. How news spreads through echo chambers. Why most knowledge is actually faith in authority. Why we need a weight of evidence approach from multiple credible sources to decide what we believe is the truth. What are the potential impact of a Trump presidency on the … [Read more...]
