A Year's End Summary
Well, what a horrible way to end the year! It's been a rough time in the market of late, but the good news (or bad) is that this sell-off...
Steering Manufacturing Away
I've had a life long interest in cars, even before I could even see over a steering wheel. But there is much to learn from studying the...
The Tragedy At General Electric
This is the second time I've turned my attention to GE, and I've pretty much ignored the thing since I first wrote about it, but someone...
Notes on Bonds
Since the Fed started raising short term rates, it's called for a change in portfolio strategy. While the long end of the yield curve,...
September 15, 2008
On Friday, September 13, 2008, I was working in a wirehouse, and a broker a few rows ahead of me was imploring a client to buy stock in...
The Cato Institute's Laughable Conceit
We've been down this road before, but the "Merchants of Doubt" are at it again. Time was when "Think Tanks" like the Cato Institute were...
Job Numbers Break Records. Very Little Changes.
Since the Great Financial Crisis, the economy has been subject to more anxious scrutiny than at any time in my life, replete with awful...
Dispelling a Myth, Or Two, Or Three
Encountering opinions on financial and social media means running into a lot of misconceptions about the economy. How they gain so much...
Wanted: New Tools For Controlling Inflation-Especially When There Isn't Any
A chart I posted (showing Fed Funds to initial unemployment claims, reproduced here) showed the relationship between rising rates and...
Protecting Yourself Against Fraud
Every time I hear about someone in the investment industry violating their trust, I read about the details of the fraud, and can only be...
