The Tariff-Inflation Connection

The Tariff-Inflation Connection It was a confusing week of inflation information this week. On Tuesday, the CPI (Consumer Price Index), was reported at 0.2% for the month and 2.7% year over year, essentially as expected. That eased concerns regarding the impact of tariffs on inflation. Two days later, the PPI (Produce Price Index) reported an […]
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Price is What You Pay

Price is What You Pay, Value is What You Get Wisdom from an Accomplished Value Investor We make a point of studying the best investors in the world. This week, we came across a Bloomberg Interview with Chris Davis, Chairman and Portfolio Manager of Davis funds. The full interview can be found in the link […]
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Animal Spirits – Is the Market Ahead of the Fundamentals?

Animal Spirits – Is the Market Ahead of the Fundamentals? Most people prefer to think of markets as efficient rather than random. Markets are certainly efficient in the sense that new news, or fundamental information, is quickly reflected in stock prices. But there are times when rational, fundamental thought seems to disappear, and markets are moved […]
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Another Bite at the 100% Depreciation Apple

Another Bite at the 100% Depreciation Apple We are always a bit amused by politicians who position themselves as “pro-growth.” We have yet to find a politician who is against growth. The difference lies in the way they plan to achieve that growth. The One Big Beautiful Bill Act lays out President Trump’s attempts to […]
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Trump Accounts: Take the Money and Run

Trump Accounts: Take the Money and Run The Trump Administration hopes that the new Trump Accounts will be a ‘path to prosperity’. These accounts are designed to be tool that helps families get a start on saving for education, and with no withdrawals allowed until kids are 18 years old, it can also provide a […]
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The Only Constant is Change

The Only Constant is Change When major tax or regulatory reform is enacted, it is always prudent to review the legislation to gauge how it might affect one’s financial well-being, either positively or negatively, and adjust accordingly. The changes recently passed in the One Big Beautiful Bill Act are far-reaching and it’s hard to imagine […]
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All In

All In The Big Beautiful Bill is a very big economic bet. We will leave the dissection of the bill and the various pros and cons and who wins and who loses to others. The big economic picture is that in order for debt relative ro GDP to decline, GDP growth needs to outpace growth […]
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