Is Big Oil Dead? | June 5, 2021

Is Big Oil Dead? Energy stocks have been on a tear in 2021 as the economy re-opens. The Biden Administration is pushing hard for Green Technology. Ironically, that could make oil and gas reserves more valuable. The best performing sector this year has been energy, rising almost 6% this week alone and 47% YTD, as […]
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Can China Reverse the Current Inflation Trend? | May 29, 2021

Can China Reverse the Current Inflation Trend? Although supply chain disruptions are clearly a contributing factor to current inflation, China’s influence on inflation should not be discounted. Prices are still significantly higher, but have recently fallen, coinciding with Chinese authorities cracking down on commodity speculation. The recent correction does NOT mean we can stop worrying […]
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Commitment | May 22, 2021

Commitment In a bacon and egg sandwich, the difference between the chicken and the pig is that the chicken was involved, but the pig was committed. Successful long-term investing requires commitment, not involvement. Market corrections, both minor and serious, occur with regularity. Following time-tested investment principles allows reason to rule over emotion. During difficult weeks […]
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Back to the Future | May 15, 2021

Back to the Future Inflation is an enemy we have not seen for a long time. Housing inflation can be particularly harmful because housing is about 17% of GDP. Building costs are rising rapidly. Existing home prices are rising rapidly. Unless incomes rise rapidly too, we are headed for a fall. Last week we discussed […]
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The Great Inflation Debate | May 8, 2021

The Great Inflation Debate The Fed (and others) believe that the current inflationary trend is transitory. Others believe that this is the beginning of a great inflationary surge. There are valid reasons for BOTH positions. Inflation is the great unseen tax on your savings. It degrading the purchasing power of your dollars. Parts of our […]
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Staying Focused on the Long-Term | April 24, 2021

Staying Focused on the Long-Term The past few weeks have seen one blockbuster economic report after another. From the 916,000 jobs that were added in March, to retail sales jumping 9.8% month-over-month, these are some of the best economic numbers we could see in a lifetime. At the same time, much of this was anticipated due […]
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Markets Are Fickle – Bank of America Fund Manager Survey | April 17, 2021

Markets Are Fickle – BofA Fund Manager Survey Perceived risks are shifting away from interest rates and inflation. The latest concern is ‘Peak Economic Growth’ implying that things can’t get much better. When all the experts and forecasts agree – something else is going to happen. The time to re-balance portfolios is approaching. Last week […]
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