Clowns to the left of us…jokers to the right — what a hoot it is to watch them jump and howl. Trade barriers…LGBT bathroom policies…the Dow…Elizabeth Warren…
Markets are always looking at the glass, measuring one half against the other. Investors are always trying to guess whether the glass is filling up or emptying out. So let’s empty it out on the…
A wedding is meant to cement a union. Like an epoxy, it mixes two separate elements to form a new compound. And like all win-win deals, sometimes it works; sometimes it doesn’t.
It was a slow week, interrupted by the Fourth of July holiday. Stocks bounced around a bit, going nowhere special. Even the Trump Show had been relatively calm, with no new ratings boosts.
Our July 4th holiday was spent in quiet relaxation, repainting a third-floor bedroom. Unlike chainsaw work, you can let your mind wander when painting without worrying about losing a leg.
Time and growth produce changes in institutions. Sometimes, they merely get bigger and older. Sometimes, they go through a metamorphosis and change into something very different.
‘I spent much of my life in Louisiana,’ began a financial analyst we met in Paris. ‘People there have a very different way of looking at things.’ Our friend was about to explain why he…
Typically, a market crash happens at the worst possible moment…when prices are still near a peak…and when ‘nobody could have seen it coming’.
There is always a hidden war going on. On one side are the honest people who try to get along…On the other side are the crooks, scoundrels, and the jackasses.
Stalin’s secret service couldn’t keep up with everyone all the time. But now, thanks to Big Data…it’s a piece of cake.
We are preparing to connect some sinister dots. Specifically, how the tech industry got into bed with the Deep State, and what a monstrous offspring this union may produce.
This ‘Russian meddling’ story has been explored by a special prosecutor and followed daily by the press. But it is still as much a mystery to us as the virgin birth.
It is productivity that makes a worker’s time valuable. Everything else — including high walls and trade war bamboozles — is claptrap.
Modern economists are wrong about a lot of things…But they’re not wrong about everything. And one thing they are right about is trade. Import taxes may be good politics, but they are very rarely good…