2012 January

Obama and Bernanke are Not on the Same Page on Our Future

Thinking Things Over              January 29, 2012 Volume II, Number 4:   Obama and Bernanke are Not on the Same Page on Our Future  By John L. Chapman, Ph.D.                                                                                                                     Washington, D.C. The week just passed witnessed an extraordinary disconnect.  Tuesday night President Obama delivered his annual State of the Union address, and argued that the economy is “getting .. read more

The Commanding Heights

We gather tonight knowing that this generation of heroes has made the United States safer and more respected around the world.  (Applause.)  For the first time in nine years, there are no Americans fighting in Iraq.  (Applause.)  For the first time in two decades, Osama bin Laden is not a threat to this country.  (Applause.)  .. read more

The Alhambra View

I have had the pleasure of working with my new colleague Patrick Manning helping him reformulate our strategic (passive) portfolios for future clients.  The exchange of ideas with a 40 year Wall Street veteran has been extremely satisfying.  Pat has shared many insights picked up over the years and I have been able to relate .. read more

A Closer Look

The S&P 500 continues to creep up on no news from Europe and further monetary easing here in the US. While the move up has been nothing to write home about, the markets do find themselves overbought, and sentiment is quite positive, which may signal at least a short term top. The VIX index hit .. read more

Trend Watcher – YTD Performance and Earnings Review

Joseph Gomez, Sr. Investment Advisor Companies are clearly having a tougher time living up to analyst expectations this season. Currently, only 58 percent of companies have managed to beat estimates. Even though we are in the middle of earnings season, analysts have continued to lower their earnings estimates at a quickening pace. There is a factor of .. read more

One of the Most Bullish Signs in Years….

by Joseph Gomez, Sr. Investment Advisor

On January 28th, 2012, posted in: Markets by

The Great Recession: Causes, Consequences, and Remedies

Dr. John Chapman put together a wonderful PowerPoint presentation for the Laffer Center for Supply-Side Economics. In it, he describes the current conditions of the US economy and how they deteriorated since the Reagan years. He also discusses the possible solutions, in particular what the best policy mix should be going forward. It is definitely a .. read more

On January 27th, 2012, posted in: Economy, Federal Reserve/Monetary Policy by 1 Comment

Dueling Ghosts of Past Economic Calamities

The IMF is clearly not satisfied with the current state of affairs in Europe. Not only has the global “agency” reduced growth forecasts across the board, it is predicting a global contraction absent comprehensive solutions to the PIIGS problems. Setting aside the obtuse idea that the world’s economic problems only reside within the PIIGS, the .. read more

On January 27th, 2012, posted in: Markets by