It is a Fiscal Problem
The Fed meeting coming up this week is one of two important issues for the week the other is the German legal issue. One good thing about the election is that there seems to be a growing realization that Fed…Continue Reading →
Political Talk
Arithmetic
Bill Clinton said it so well last night, we may not need to say anything more between now and the election. If you are in the markets and did not see it, here is the link: http://www.marketwatch.com/story/text-of-bill-clintons-convention-speech-2012-09-05
Ben’s big GAP
is the difference between what he wants to do and what he can do. We waited all summer to hear if he had come to his senses. Sadly he has not. His years of research have shown him how to…Continue Reading →
Bernanke at Jackson Hole
The coming Jackson Hole talk is what the market has been waiting for the past six weeks. What if Ben does the unexpected, and tells everyone that his hands are tied until Congress starts working together on a meaningful approach?
Romney-Ryan could Win….and what it means
Our generally defensive overall posture continues with our best position at the moment being the short T-Bond position. While this trade is part of a long-term perspective, we will take it off today as the good economic good news of…Continue Reading →
Back from Europe
I’m back from vacation in Europe. My take on things there and how it will affect markets is that Gold is headed into low 1200 area. While the politicians talk about saving the euro, the European people are preparing for its…Continue Reading →
Sideways, An Alternative
With the coming election and expectations that the Fed will step in aggressively if things get really bad, an alternative scenario is that the markets through the election are going to be a sideways affair. That would mean on the…Continue Reading →
The Middle Class Has to Finish the Job
As they often say, there are a lot more middle class people than any other group. Now they have to finish the job that the markets started in 2008. They have to firmly entrench and expand the reforms started and…Continue Reading →
Interest Rate Cuts are Not a Solution Especially When Rates are Already Low
We have seen the pattern in the US over the past couple of years, lower interest rates do not boost an economy or put people back to work. The opportunity to turn the world’s economy was missed in 2009 when…Continue Reading →
First Piece of the Bull Market
The one percenters and the cries about uncertainty got its first knockdown with Supreme Court decision on ObamaCare. Now if we can get something like Simpson-Bowles and bring balance back to the economic picture, things will start looking better. All 0f…Continue Reading →