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Tuesday, January 23, 2018

Last quarter’s Insights, was titled “Pick Something and Sell It”. It was version 1.0. So why would I call this quarter’s 3.0 having not published 2.0? It felt appropriate to title it that, because this is the...

 

Monday, October 16, 2017

Overview Last quarter, in my Insights piece, I wrote that Yellen and the Fed were fighting asset bubbles. I also said that I don't think the Fed will make it to 3% as a terminus on the Fed Funds rate by 2019, because we're towards the...

 

Thursday, June 29, 2017

"Prices of risky assets have increased The Fed may (Scott Minerd)

 

Thursday, April 13, 2017

Greetings! It’s been an interesting time YTD in 2017. 2016 represented a strong performance for the bonds in our portfolios of generally anywhere from +9-16% (net of fees), depending on your investment time period calculus. Our...

 

Friday, January 6, 2017

2017: What should pre-retiree & retiree investors do? Answer: Understand roughly where we are in the business cycle, fade the financial news noise and seek where value (not so-uber-expensive), opportunities may lie. “The current...

 

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Friday, November 18, 2016

Coming out of the coping rooms or putting the pom-poms away and using our brains Since the last Insights (end of Sep) Well, well, well. The regular, working people in rural America went to the polls this year and surprised everyone -...

 

Thursday, September 29, 2016

Saver Prison and Debtor Club Med – and next on the agenda: Helicopter Money 2017-2018 What the heck does that mean? Is this another example of cryptic, nerdy, investment advisory vernacular? Maybe. Let me explain after I give a...

 

Thursday, June 16, 2016

For some illnesses, having a mutation in one specific gene usually – but not always – causes disease. “While America, at least on the surface, was the envy of the world for its apparent success and prosperity, the...

 

Friday, April 1, 2016

Reflation X and Earnings concerns Nope – it’s not a demographic category. It’s not a new Tesla model. It’s not a pharmaceutical drug that Valeant paid $3 Billion for (with debt). It’s “Reflation X” – a newer, more advanced, monetary...

 

Friday, December 18, 2015

The Fed FINALLY raised rates! Yes! (I had to include the image of the baby fist-pumping! I mean how funny is that?) Since the July-August 2012 timeframe, asset prices have become so distorted due to ZIRP (zero interest rate policy),...

 

Tuesday, October 20, 2015

The dark line represents the parabolic rise in debt in each respective area and the lighter line represents that area's corresponding cumulative GDP growth from 1993-2014.MarketsWow. What a bumpy ride since July, eh? Let's maybe start...

 

Tuesday, July 14, 2015

Those are Larry Fink’s words, not mine ("gambling society"). Larry is the Founder, Chairman and CEO of Blackrock, the largest asset manager in the world. Larry wrote a letter to each of the leaders of the S&P 500 companies in April of...

 

Wednesday, April 22, 2015

Staying out of the doghouse during the Age of Releveraging• “There’s a bubble in the confidence that the Federal Reserve can get us all out of this without adverse consequences.” Doug Kass – December 2014...

 

Friday, January 16, 2015

Brace for Risk in 2015Happy New Year! My sincere hope is that you and your family and friends had a wonderful Holiday and New Year. “The future ain’t what it used to be.” Yogi BerraBrace verbMake (a structure)...

 

Friday, October 10, 2014

“Riches don’t make a man rich, they only make him busier” Christopher Columbus “Standing in the middle of the road is very dangerous; you get knocked down by the traffic from both sides.” - Margaret ThatcherI love that quote because I...

 

Wednesday, July 2, 2014

What does “normal” mean when it comes to stock and bond market returns? All over the globe, we are seeing more military tension, economic disputes and regional conflicts than at any time since the Cold War. The rising trend...

 

Friday, April 11, 2014

“History doesn’t repeat itself, but it does rhyme.” Mark TwainSince around August 2012, I’ve seen low quality bond prices continue to accelerate (and thus yields decline), in a fashion that I’ve never seen before. Managing credit...

 

Tuesday, March 4, 2014

"Shouldn't we talk about the weather...?...shouldn't we talk about the government...?..." Michael Stipe - lead singer of Athens, Ga., band, R.E.M.The recent, brutal, winter weather that we've had along the eastern seaboard (and...

 

Thursday, January 9, 2014

Happy New Year!I sincerely hope that you and yours had a wonderful holiday season and that your 2014 is going very well."Economists have a tendency to take the most recent experience [disinflation / deflation], and extrapolate it into...

 

Tuesday, July 30, 2013

"Change is such hard work." Billy Crystal"Change brings opportunity." Nido QubeinKeep it shortSince my wife likes to describe my garrulous verbal communication techniques this way: "Why use 10 words when 200 ought to do", I'm going to...

 

Friday, May 3, 2013

Being Right as Rain vs Mostly Right"Criticism, like rain, should be gentle enough to nourish a man's growth without destroying his roots." Frank Howard ClarkI sincerely hope that you and yours are doing exceedingly well.I wanted to...

 

Friday, March 1, 2013

"Preserve sound judgment and discernment, do not let them out of your sight; they will be life for you, an ornament to grace your neck. Then you will go on your way in safety, and your foot will not stumble." - Proverbs 3:21-23 Come on...

 

Friday, April 20, 2012

Happy Spring!"Break open a cherry tree and there are no flowers, but the spring breeze brings forth myriad blossoms." - Ikkyu Sojun I sincerely hope that you and yours are enjoying the beauty of the season. Thank you so much for your...

 

Monday, November 7, 2011

Greetings! And Happy Fall! And Happy Veterans' Day! I apologize for the "seventh inning stretch", since the last quarterly Insights publication (end of June). The Europeans have held 14 “emergency” summits in the last 21 months, and...

 

Friday, June 24, 2011

Greetings! LifeI hope that all is well in your life and that you are finding satisfaction in it. The wise King Solomon once wrote, "A person can do nothing better than to eat and drink and find satisfaction in their work." I hope that...