Cognitive Dissonance: Before and Now

My Comments: The following was written over two years ago and involves a law student and his professor. It's illustrative of what we're experiencing now. It illustrates how someone, presumably intelligent, exhibits cognitive dissonance and is then rebutted by someone with far superior cognitive abilities. We're experiencing something very similar at the national level. In …

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Market Update: The Tail Is Wagging The Dog

My Comments: After 45 years participating in the markets as an investor and as a Registered Investment Advisor Representative, I've become genuinely flummoxed by what we're seeing almost daily on Wall Street. In my limited frame of reference, it makes no sense. There are too many previously reliable signals that what we see happening suggests …

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Companies are racing to dump their pension plans

My Comments: This may have been written almost a year ago but it's even more relevant today. Last Tuesday I posted that I was cutting back to two posts a week, down from the five days a week routine I've been following since 2011. My new focus will be posts about 'retirement' issues. It's a …

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Rogoff: Why This Time is Really Different

My Comments: Two things of note before you get too far into this post. One is that I distrust assertions that "...this time it's really different". Too often it proves to be wrong. This time it may be right. Two is that I'm scaling back my efforts to present a blog post every weekday. I've …

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Trump is on to us, so I’m spilling the beans.

I've been outed, I tell you. Is it because I've been hiding in the closet for the past 70 years? NO!  Is it because despite my blog posts these many years, I'm actually a Republican? NO!  Is it because I've been ripping off unsuspecting clients for years and I'm now incredibly wealth? NO! Is it …

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The Fed’s Roadmap

My Comments: In earlier post's you've seen remarks from Scott Minerd, someone whose insights and judgements I've followed for years. As usual, he has some insightful comments about the current economy and how it might evolve going forward. I'll leave it to you to decide if he's right, but it's my firm belief he's not …

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A Day In The Life of Richard Kendzior: June 9, 1944

On this day, 76 years ago, D-Day+3, my father landed in Normandy as part of the Allied efforts to defeat Adolph Hitler and the Axis forces. At the time a citizen of Britain, and serving in the British Army, he landed in the British sector on the Normandy coast. He was serving with the Royal …

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What Happens Next?

My recent thoughts about how certain religious leaders revere the behavior of Donald Trump leads me to more questions. The protests that have gripped the nation and some other countries suggests there is more going on here than first meets the eye. That so many people are sufficiently motivated to protest, and continue to protest, …

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Explaining Evangelicals’ Support for Trump

My Comments: For three plus years, many of us remain mystified how Trump maintains a level of support from those we think of as religious purists. It turns out there are purists and then there are purists. I hear and read comments by the likes of Franklin Graham and am dumbfounded. I can envision no …

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A three-phase recession will be ‘unlike anything we have seen in modern history’

My Comments: Mindful that we could use some good news, this may disappoint most of you. But it is what it is and like so many messages these days, we all need to come together as one and fight like hell for a better world. But the reality of economics, just like the reality of …

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