Retirement and Investing Expert
Eric Reed is a freelance journalist who specializes in economics, policy and global issues, with substantial coverage of finance and personal finance. He has contributed to outlets including The Street, CNBC, Glassdoor and Consumer Reports. Eric’s work focuses on the human impact of abstract issues, emphasizing analytical journalism that helps readers more fully understand their world and their money. He has reported from more than a dozen countries, with datelines that include Sao Paolo, Brazil; Phnom Penh, Cambodia; and Athens, Greece. A former attorney, before becoming a journalist Eric worked in securities litigation and white collar criminal defense with a pro bono specialty in human trafficking issues. He graduated from the University of Michigan Law School and can be found any given Saturday in the fall cheering on his Wolverines.
Posts by Eric Reed:
A trade deficit sounds like a very bad thing. A trade deficit is an economics term which indicates the difference a country’s imports and its exports. If the country imports more than it exports, it has a trade deficit. If it exports more than it imports, it has a trade surplus. Both can be good or bad. Read more
When it comes to fixing an economy, the government has two main tools at its disposal: monetary stimulus and fiscal stimulus. This isn’t the limit of what a dedicated government can do, but most economic relief packages fall into these two categories. With the US government employing both strategies to stimulate a flagging economy in the face of the coronavirus pandemic, it’s useful to understand how it works. Here is what you need to know about these two primary tools the government has to fix or revive an economy. Read more
Did you know you can make money in the stock market when shares go down, or in commodity markets when prices fall? In other words, the buy-low-sell-high approach can be reversed and still produce a profit. In fact there are two ways to do this: a futures contract and an option. While they are similar there is a key difference, and it’s right in their names. Read more
The Great Wealth Transfer is coming. More than 10,000 baby boomers are turning 65 every day, and over the next 20 to 30 years trillions of dollars’ worth of wealth will transfer to their children. It… Read more