Repost: This Was Never Easy

Wednesday, May 6th, 2015

In 1966, Nobel Laureate Economist Paul Samuelson noted that Wall Street, “… has predicted nine of the last five recessions.”  As the following post tells us, not much other than the volume of predictions about the economy and the markets has changed: This Was Never Easy – Morgan Housel’s Tumblr

Making Sense of the ETF Universe

Thursday, April 23rd, 2015

A TURBULENT BEGINNING TO 2015 Following on the heels of another strong year, the S&P 500 ended the first quarter of 2015 essentially where it began, posting a gain of 0.40%. What seemed to characterize the first quarter more than anything else was turbulence. Stocks fell 3.7% in January but gained over 5.5% in February […]

Navigation on the 2013 Slope

Wednesday, February 20th, 2013

The possibility of going over the fiscal cliff produced many dire predictions and also served as a theme for many New Year’s Eve bashes but like Y2K at the end of the last century, it did not cause the expected severe dislocation.  What was a cliff has become more of a slope and now the […]

The Long Flat Summer

Tuesday, July 31st, 2012

Second quarter 2012 Investment Commentary “Uniform-gate: They were really made in China! In a rare show of bi-partisanship, (with emphasis on the “show”),  Senate Majority leader Democrat Harry Reid and House Speaker Republican John Boehner both loudly condemned the US Olympic Committee and fashion designer Ralph Lauren when it was discovered that the 2012 US […]

Letter Published in the Wall Street Journal, June 12, 2012

Sunday, June 24th, 2012

 My letter appeared in the Wall Street Journal in response to an Op Ed, “Rules for America’s Road to Recovery,” by John Taylor, Professor of Economics at Stanford University.  Professor Taylor has written extensively on the financial crisis that began to 2007 and argues that the low interest rate policies of the Federal Reserve as well […]

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