Have We Entered Uncharted Waters?

2019-10-31T14:43:56+00:00September 24th, 2019|Categories: ECONOMY, INVESTMENT|

Executive Summary Over the course of history, corporate fundamental performance and the resulting market cycle have mattered to investors. However, in the last ten years investors appear to have relied more on central bank policies and “hope” for their investment strategies. Central banks across the world have [...]

How Does the Economy Look?

2019-10-31T14:39:28+00:00September 10th, 2019|Categories: ECONOMY, INVESTMENT|

Executive Summary You may have heard the expression: “a picture is worth a thousand words”. Weekly I write much about the economy and the markets. This week I am taking a que from the above quote. Please take a look below at the charts and graphs with [...]

If Not Profits, What? Tweets?

2019-09-04T18:23:09+00:00September 4th, 2019|Categories: ECONOMY, GOVERNMENT, INVESTMENT|

Executive Summary Recent stock market volatility has been impacted by headlines and tweets about trade wars and tariffs. However, digging deeper into the real data indicates the economy is approaching the end of its cycle. The temporarily juiced profits from the corporate tax cuts have evaporated. The [...]

How Tall Can They Build This House?

2019-08-08T16:14:05+00:00August 6th, 2019|Categories: ECONOMY, INVESTMENT|

Executive Summary Does a lender paying a borrower to hold his money make any logical economic sense? In attempts to boost growth, central banks across the globe resorted to massive Quantitative Easing programs. These programs allowed the monetization of incredible amounts of government debt. As a result, [...]

Are There Limits to Debt-Fueled Growth?

2019-08-07T21:34:45+00:00July 23rd, 2019|Categories: ECONOMY, INVESTMENT|

Executive Summary The current economic expansion is the longest and weakest in history. Why is that? This "recovery" was sparked and maintained by unprecedented experimental monetary policy. This included printing $3.7 trillion in liquidity and dropping interest rates to zero. The result was massive expansion of debt [...]

Does the U-3 Tell It All?

2019-08-07T21:36:24+00:00July 9th, 2019|Categories: ECONOMY|

Executive Summary According to an op-ed recently in Bloomberg, the labor force has contracted in 2019.  Additionally, according to the article, employment according to the Bureau of Labor Statistics' Household Survey has actually declined by 200,000 this year. This may sound unbelievable when compared to the headlines of a strong [...]

Will Next Time Be Different?

2019-08-07T21:37:45+00:00June 25th, 2019|Categories: ECONOMY|

Executive Summary How should one read the economy and stock market? Should the market reflect the economy, or should the economy reflect what the stock market is doing? Corporate performance should be a reflection of the economy which then drives stock prices. However, in today's world one [...]

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