Gundlach: US Stocks ‘Will Get Crushed’ in Next Recession

My Comments: There are bulls and there are bears in the investment world. Bears are typically pessimists, always expecting bad things to happen. And from time to time they do. Over the years, I’ve not been a fan of Jeffrey Gundlach since I’m basically an optimist, and I’ve been right from time to time. That …

Continue reading Gundlach: US Stocks ‘Will Get Crushed’ in Next Recession

It’s great the stock market is setting records, but it’s not because the economy is great

My Comments: I hope you and your family had a wonderful Thanksgiving. For my family, it’s the biggest family gathering every year. As we now move toward Christmas and the New Year, there is still much activity and conflict in the world. And confusion and discord here in this country. And behind much of it …

Continue reading It’s great the stock market is setting records, but it’s not because the economy is great

Observations About the Federal Deficit

My Comments: Arguments about being debt free have been with us forever. For those of you who understand economics and finance, there’s a need to differentiate between debt as a micro-economic vs macro-economic issue. On a personal level, the micro-economic level, we live finite lives. What we owe or don’t owe, significantly influences how we …

Continue reading Observations About the Federal Deficit

As a Kentucky mill shutters, steelworkers see the limits of Trump’s intervention

My Comments: This is a fascinating, and troubling, article that reveals two things to me. The first is that what we hear and read about at the national level has an abstract reality that as individuals we can usually only experience intellectualy. We may like it or we may hate it, but our response is …

Continue reading As a Kentucky mill shutters, steelworkers see the limits of Trump’s intervention

Consumers may have carried markets as far as they can

My Comments: lost in the news cycles now heavily invested in the Ukraine/Trump matters, is the state of our economy. While correlation is never 100%, there is a relationship between the state of the economy and the performance of the stock and bond markets. And those markets are where millions of us have money invested …

Continue reading Consumers may have carried markets as far as they can

Record debt and inequality gap? It’s almost like 40 years of Republican tax cuts failed

My Comments: I don’t enjoy paying taxes. Never have. But from day one I’ve known they were a necessary evil. So I paid and rarely complained since I knew life in civilized society calls for answers that only government can satisfy. Over the last several decades, however, and especially of late, tax breaks have gone …

Continue reading Record debt and inequality gap? It’s almost like 40 years of Republican tax cuts failed

U.S. Manufacturing Dives to 10-year Low as Trade Tensions Weigh

My Comments: I’m more than a little tired of woe and gloom every day. Yes, I’m alive and well as are members of my family. But it’s impossible to go a single day without someone hurling invective about politics, about the trade war, about Brexit, about the current occupant of the White House, about small …

Continue reading U.S. Manufacturing Dives to 10-year Low as Trade Tensions Weigh