201411.09
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Political Economy

I hate to do it, but I’m going to have to write about politics this week. Believe me, it isn’t something I relish, but in light of the recent election, it would be dereliction of duty to ignore the elephant and donkey in the room. Let’s get this out of the way right up front;…

201411.06
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The True State of Recovery

With all the election post-mortems flying about, there really only needs to be reference to pre-mortems that predicted such results. Even typically leftist media outlets have seen the “message” for what it was. From The DailyBeast: Yes, the stock market is booming but overwhelmingly Americans are unhappy with their economic situation—and for good reason. Wages…

201405.26
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It’s Really Quiet Out There

The S&P 500 made a new high last week, finally closing over the 1900 level. European stocks were also higher on the week and have continued the rally today even after election results over the weekend showed an uncomfortable gain for some parties that are, well, let’s just say that some of their ideas are…

201404.22
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The Unearned Age of Certainty

In continuing yesterday’s pointed critique of the current state of monetarism, there is another element to consider here. To reiterate, last year the yen devaluation was unquestionably seen as a catalyst toward rebirth of Japan Inc, and thus Japan economically (and maybe even demographically). This sentiment was as ubiquitous as it was accepted on faith:…

201309.02
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A Not So Happy Labor Day

Labor Day in the US has been celebrated since 1894 when Grover Cleveland, in an effort to appease labor unions in a mid-term election year, signed the bill making it an official holiday. His administration had put down a number of strikes in the first two years of his second term, most notably the Pullman…

201307.28
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Bear Out On A Limb

Like most investors, investment advisers are a consensus seeking lot. Most of them are not willing or psychologically able to do anything that is outside the accepted current trend. That doesn’t make them evil or dishonest or anything else bad; it just makes them human. It is always hard to stick out from the crowd…

201306.02
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Sunday Gold Fix – Unfortunately, Gold Lost

The majority of investors that are attracted to gold are those that view the metal as real money. Money is a supposed to be a limited, scarce object that is not subject to the whims of human interference. But, to the dismay of true money believers, gold long ago lost the war of the modern…

201303.29
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Tactical Update

The 21st century, global, economic saga continues to provide plenty of nuance.  The past few weeks, we’ve been introduced to a few new characters, Cyprus and Russia.  There is a bit of a rogue element with Russia.  Regardless, the same common themes are present for analysis: leverage, speculation, global capital imbalances and the accompanying political,…

201302.24
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Sequester The Fed

“If Congress allows this meat-cleaver approach to take place, it will jeopardize our military readiness. It will eviscerate job-creating investments in education and energy and medical research. It won’t consider whether we’re cutting some bloated program that has outlived its usefulness or a vital service that Americans depend on every single day.” President Obama on…