First, this appeared nine days ago. It’s old news. Second, not all old new is bad news. If it influences how you think about your investments today and next week, that’s a good thing. Because I firmly believe we’re going to see a lot more bad news before we see any sustained good news. There’ll …
Category: Economy & Markets
Corporate Bailouts?
Robert Reich, the Secretary of Labor from 1993 to 1997, is a well known liberal economist and lawyer. He brought to my attention yesterday, moves being taken by the current administration in support of American industries. I’m of mixed mind about what’s being proposed. Yes, it’s true that right now the US economy is headed …
What’s Happening Today…
I write these posts because it helps me stay busy, and because it’s easier for me to express my thoughts through my finger tips than it is through my mouth. I cannot untangle my tongue very well; I can easily erase and rewrite something. If I say something helpful, I'm pleased, but mostly I do …
Economics 101 and The Virus
My Comments: By now most of us are feeling shut in and wondering if this chaos is ever going to end. And by that I mean not only the virus part but the political part as well. Talk about bottomless pits. Meanwhile, the stock and bond markets have tanked, many people are freaking out, with …
The Butterfly Effect
My Comments: When these words appeared from Scott Minerd just last Monday, they described a world that, five days later, is very different. That’s hard to get your mind around. Virtually all of us across the planet are now resigned to a complete disruption of our normal lives for the next several months. Perhaps if …
Some of the world’s biggest economies are on the brink of recession
This headline article was written before the recent chaos on the New York Stock Exchange and yesterdays 2000+ point drop. There’s a temptation to either bail out completely or start buying more positions if you have cash ready to put to work. Personally, I have some cash but I’m going to wait a few weeks. …
Continue reading Some of the world’s biggest economies are on the brink of recession
When Will (or IF) The Next Recession Hit?
My Comments: The current chaos in the markets is symptomatic of many variables that existed long before the coronavirus appeared and indeed, long before Trump was elected President. That they are happening now does not necessarily presage a recession, but for me, it’s looking more and more likely one will appear. For any number of …
Ironically, It Needs To Get Worse
My Comments: In the past several weeks, the only “good news” about investment markets has come from sources I consider unreliable. These are pundits and political figures I’m now convinced don’t have my best interests in mind when they stand in front of us and make unsupportable claims. On the other hand, I’ve been waiting …
Three candidates for the next big economic bubble
My Comments: I was here for the crash of 1987, the crash of 2000, and most recently the one in 2008-2009. I wasn’t here for the one in the 1930’s but my parents were and that probably influenced my thinking about market crashes. Many of us think we’re overdue for another. There’s a lot of …
Continue reading Three candidates for the next big economic bubble
Peace For Our Time
My Comments: Please understand this is not a Happy Valentine's Day message. Far from it. Nevertheless, Happy Valentine's Day! When I saw the title above that appeared in a news feed I follow, it seemed a little strange. However, the source was a highly credible one, someone with responsibility for many billions of investable assets …
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