Big Picture

A Knee Jerk Week

This week has seen some knee jerk reactions to the recent selloffs in commodities, gold, and oil and the bounce rally in the stock market. The most important happening in August has been the bursting of the last bubbles in the…Continue Reading →

More Big Picture Thoughts

Central to the severity of the macro problem the economy and market face is the underlying fact that the issue is  “leverage piled on top of asset values that were well above long-term trendlines”. As the asset values decline to trendline…Continue Reading →