How Much Of The Future Can We Borrow For Today?
Ben Bernanke wants you to borrow and spend today. He also wants you to stop buying safe investments like Treasuries, CDs and anything else with a guarantee attached. He wants you to buy corporate bonds, junk bonds and stocks. He really, really wants you to buy a house. What he doesn’t want you to do .. read more
Fear vs Greed: Greed Is Winning
Here in South Florida we have a saying. If you don’t like the weather, just wait ten minutes – it will change. During rainy season when the weather person says there is a 50% chance of rain, that means it will rain on half the city for half the day. Like the weather in South .. read more
Tactical Update
Prior to the Federal Reserve’s policy decision on Thursday we took some preemptive action. Here are our thoughts on the economic backdrop, possible paths for the economy and implications of the Fed’s actions announced on the 13th. At his speech in Jackson Hole, Ben Bernanke signaled likely policy intervention forth coming from this past week’s .. read more
Central Planners To The Rescue
The US stock market rose 2% last week based primarily on the perceived wisdom of various central economic planners around the world. Mario Draghi announced a new bond buying program in Europe designed specifically to circumvent the verdict of the market and prop up the governments of the peripheral countries. There are conditions which the .. read more
Tactical Update
A trend or perhaps out-performance can sometimes be deceiving. You’ve heard me say it before, you must be wary of time horizon. Know what you are analyzing and then look from a different perspective, discern the necessary details. We tend to like visual analysis and it will often paint a very vivid picture. Take, for .. read more
Bernanke Warms Up The Helicopter
After last week’s Jackson Hole speech, expect to see Ben Bernanke sporting a sling the next time you see him. There is simply no way he could spend that long patting himself on the back and not suffer at least a sprain. The monetary yoga master asserted that the Fed’s non traditional monetary policies were .. read more
Correction On The Horizon
I’m traveling today (and a little under the weather to boot) so this will be a fairly short update. I’ve spent the last week visiting clients and potential clients in Augusta, GA and Asheville, NC and before I get started, I’d just like to thank our representatives Larry Hogue and Bob Williams in Augusta and .. read more
Is The “Bad News” Really Good?
Facebook closed the week on a new low and the press is replete with tales of IPO investors’ woes, the demoralizing effect on employees and whether CEO Zuckerberg is in over his hoodie. Slate even featured a ridiculous article by a University of Washington professor advocating the nationalization of the company because it “has become .. read more
