Things To Read Today

Go read these two articles from Zero Hedge.  

Millionaires Are Fleeing Chicago in Record Numbers.- As long as our present political leadership here is neutered then things will continue to get worse.   The best thing that could happen to Chicago would be if Mrs. Clinton becomes President.  Then we would likely lose our mayor to the new Administration, probably Ambassador to Israel.  I will talk more at some point about Chicago and our problems in a future post.

Active Managers Just Had Their Worst Quarter in 18 Years.  Most of the time pundits point to the underperformance at mutual funds as being solely because of their costs and fees but there's more to it than that.  Again that's a subject for another post if folks are interested but the article above does a good job explaining what's been going on recently in the institutional world.

More next week.  At some point I want to talk about the Conflict of Interest Rules that the Department of Labor passed out yesterday regarding retirement accounts.  Want to sit back over the weekend and digest what it all means before I do.    In the meantime you can read about this{Conflict of Interest Rule Could Save Americans Billions in Retirement.} over at Bloomberg.

Back Monday.