Simple Yet Disgusting
Since we spoke last Monday, how has your life changed? If it hasn’t changed, what did you do different to make it change? It can be as simple as reading a self-help book. US Debt and Iceland The USA has [...]
Since we spoke last Monday, how has your life changed? If it hasn’t changed, what did you do different to make it change? It can be as simple as reading a self-help book. US Debt and Iceland The USA has [...]
A few issues back I wrote to you about “chaos-stan”, referring to the area of the world that is in turmoil today, and the area that we should be paying particularly close attention to. My number one concern was Pakistan, [...]
Global interest rates are rising in anticipation of inflationary pressures ahead. There are two major non-participants in this story. The first is Japan, which is adding liquidity to counter the economic devastation in the wake of last month’s earthquake/tsunami/nuclear event. [...]
The news has been dominated by events in Egypt where the populous is trying to oust strongman Hosni Mubarak. This follows the ouster of Tunisian strongman Ben Ali. It’s wonderful to see these regimes topple. But, it’s not so good [...]
The big drama last week was the tax deal. Looks like we have another two years of the same tax regime. The markets should have rallied sharply on the news, but they didn’t. As with most “sure things” the market [...]
Spreading Some Market Cheer I hope that you all enjoyed your holidays. Apparently you were in a good mood if the latest retail sales numbers are accurate. Of course the comparisons were to rather dismal numbers last year and even [...]
There is a disturbing trend developing. As the US Dollar craters against so many currencies around the world, and as US economic, fiscal and monetary policy has completely unclear consequences; the US Government is embarking on a stronger and stronger [...]
Omaha Beach that is. I just returned from a trip to France. On the flight over I sat next to a veteran of the Omaha Beach War. He was stationed in Germany at the time. We got to talking and [...]
The last quarter ended with a whimper. Stock indices had their worst quarter in four years and the worst August since 2001. Despite the rally last week where we saw the indices tack on 2.5% in one day, it’s been [...]
Was it really a surprise that the US Federal Reserve decided to pursue a course of greater easing of monetary supply at its meeting last week? The market certainly was caught by surprise, which in itself is surprising considering that [...]