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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The Apollo 13 Problem

The Apollo 13 Problem In Jim Lovell’s book, Apollo 13, he describes one of the final hurdles the crew faced as they attempted to return their crippled spacecraft to earth. The crew had to approach Earth’s atmosphere at an angle no shallower than 5.3 degrees, and no steeper than 7.7 degrees. If re-entry was shallower […]
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I’m Sorry, Dave. I’m Afraid I Can’t Do That

I’m Sorry, Dave. I’m Afraid I Can’t Do That Our title is the iconic line from Stanley Kubrick’s 1968 sci-fi masterpiece: “2001: A Space Odyssey”. For those who are not movie buffs, the artificial intelligence in the HAL 9000 computer goes haywire and the astronauts are forced to attempt to disconnect HAL, but HAL has […]
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Nothing to See Here… Move Along…

To be honest, we’re getting pretty tired of dealing with market fireworks every time the Fed provides a hint of what they are going to do next. Traders are logically obsessed, but investors need not be dragged into this obsession. This week was a perfect example. The market twitched wildly to the perception of a […]
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The Devil is in the Details

The Devil is in the Details Most of the time, taking note of headline economic data, like the number of new jobs created or the unemployment rate, is all you really need to stay abreast of what’s going on, but at economic inflection points, the data gets more muddled, and is often contradictory, at least […]
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