
Are we living in an era of low interest rates, and if so, how is that going to affect you as an investor or a retiree? Hello, my name is Paul Carroll. I'm the CEO and founder of Efficient Wealth Management, a boutique wealth management first in south Texas. Now fed chair, Jerome Powell, at the most recent fed meeting, had a subtle message that I think a lot of people missed, and that is interest rates, in his opinion, have reached equilibrium. You're thinking so what. Well, globally we're in an era of low rates. Inflation, generally speaking, is tamed. There are demographic challenges that I've talked about previously. Today the fed funds rate is 2 1/4%. The 20-year fed bond rate is 2.9%. Inflation is just 1.6%. Real returns on risk-free bonds are less than one-half of a percent. This is a new normal according to the fed....
Read More
Recent Comments