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Delta Paradigm Newsletters, written by Ernest Chisena III, outline current economic events and the investment and financial choices our society faces.
Delta Paradigm...Newsletters by Ernest Chisena III
Whoever controls the volume of money in our country is absolute master of all industry and commerce........President James Garfield
This analogy was written in June 2010. Since then the amount of debt has maintained its trajectory. Why would the principals that apply to households be different than for governments?
With mounting debt in the EU and increasing interest rates, we look at funding alternatives and the ramifications of the potential actions that might be taken.
Social Security- What Trust Fund?

A short expose' on the double accounting the US Treasury department and the Social Security Administration collaberate on in accounting for your tax dollars.
Summary of the changes being made by DOL to qualified retirement plans. Business owners acting as trustees now have fiduciary repsonsibilites....."fiduciaries did not comply with Section404(c), and thus they remain responsible for any investment losses the participants may have suffered.”
My motivation for the following series was attending a school board meeting in August of 2010 and hearing the boards presentation of their funding obligations for PSERS (Public School Employees' Retirement System of Pa) over the next five years. The numbers were startling.

Research on a local level lead me to a state wide and then a national review. Similar points of view have been expressed by other's such as Rauh and Novy-Marx of the Kellogg School of Management and famed analyst Meredith Whittney. The magnitude of the issue resurfaced again in the Wisconsin Spring and now monthly in the BLS jobs numbers as losses in state employee jobs.

These issues have not been resolved and will continue to pressure strained budgets, federal, state and local.
"Mountains of Debt Part 2 - Sept 2010"
How safe is your retirement?
"Mountains of Debt Part 3 - Sept 2010"
Tell Us the Truth, the Whole Truth.
Part 1 puts into perspective the size of the debt problem and explains "unfunded liabilities". The size of these obligations dwarf what is reported as National debt
Taking the Kellogg School of Management article one step further, here we examine the sequencing of cash flows and the debilatating effect of negative cash flows during periods of portfolio returns below actuarially assumed rates.
Valuation of assets bsed upon five year averages, unrealistic assumptions of rates of return and track records of underfunding obligations is not a path to credibility.
Securities offered through GWN Securities, Inc. Member FINRA & SIPC
11440 N. Jog Road, Palm Beach Gardens, FL 33418 - (561) 472-2700 
Investment advice offered through Latitude Advisors, LLC*
*Wholly-owned subsidiary of Latitude Financial, LLC

Latitude Financial, LLC and GWN Securities, Inc. are not affiliated companies


Securities offered through GWN Securities, Inc. Member FINRA & SIPC
11440 N. Jog Road, Palm Beach Gardens, FL 33418 - (561) 472-2700 
Investment advice offered through Latitude Advisors, LLC*
*Wholly-owned subsidiary of Latitude Financial, LLC

Latitude Financial, LLC and GWN Securities, Inc. are not affiliated companies