China Syndrome

The China Syndrome The economic news out of China is going from bad to worse. The world continues to bet on massive government stimulus, but it never seems to happen. Could a melt-down be coming? (For you non-movie buffs, China Syndrome is a 1979 movie about a nuclear meltdown, that amazingly was released a mere […]
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Shot Across the Bow

Shot Across the Bow In his 2021 annual letter to investors, Buffett stated “In its brief 232 years of existence … there has been no incubator for unleashing human potential like America. Despite some severe interruptions, our country’s economic progress has been breathtaking. Our unwavering conclusion: Never bet against America.” Of course, he will be […]
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Promised Land

Promised Land It was quiet, too quiet. The lead up to this week’s Fed interest rate announcement was downright boring. After months and months of agita every time the Fed got together to talk about interest rates, this time there was little doubt about what would happen or what the Fed would say. The assumption […]
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That’s A Lot of Manure

That’s A Lot of Manure Economic history is full of roadblocks, things that appear impossible to overcome, until some technological advance comes along and changes the dynamics completely. Railroads changed U.S. transportation in the late 1800’s, fertilizers changed our ability to feed a growing global population. Even the automobile, now the bane of environmentalists, was […]
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Wherever You Go, There You Are

Wherever You Go, There You Are The market is expert at making prognosticators look foolish. Great Depression-era economist John Maynard Keynes, the primary architect of modern economics, once said “Markets can remain irrational longer than you can remain solvent”. It essentially means that the market has a mind of its own. It is more than […]
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Deal, or No Deal?

Deal, or No Deal? The banking deposit crisis is receding, but the credit crunch is just starting. After 15 years of investment decisions dominated by the Fed Put (i.e., extremely low interest rates and pumping money into the economy, to rescue markets), the critical question investors currently have is whether the Fed will resume a […]
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False Ceiling

False Ceiling There has already been plenty of banter in the news about the debt ceiling and with the Treasury Department’s extraordinary measures running out sometime this summer; this is an issue that isn’t going away any time soon. Most of the concern is that Congress will be unable to reach a deal to increase […]
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