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The Burning Loach

Analysts are struggling to handicap the outcome of inflation, earnings, and the odds of a recession, keeping Wall Street off balance as it tries to make sense of the rapidly changing financial landscape.  As the bear market has worn on,… Read More »The Burning Loach

With a Bang or a Whimper?

Investors can be forgiven if they’ve got a swimming feeling in their heads as they read financial market news.  Journalists no longer use the words “rise” or “fall” to describe market direction but rather “plunge,” “plummet,” “nosedive,” or “soar,” skyrocket,”… Read More »With a Bang or a Whimper?

It Was a Lovely Dream

Recently minted day traders, newbie speculators, and seasoned investing veterans alike are being reintroduced to the idea that stock prices move in two directions.  Long fed by the Federal Reserve’s repeated “quantitative easing” (QE) policy, Wall Street mopped up each… Read More »It Was a Lovely Dream


For the last twelve years, borrowers and financial markets have enjoyed the benefits of record low interest rates. Moreover, official measures of inflation have remained tame, confounding economists who assumed the explosive growth of money supply created by the U.S.… Read More »Hubris