I first realized that I think differently than most people when I was a senior in high school. I was in Political Science class with Dr. Davies – one of those exceptional teachers that really made a difference in a lot of kids’ lives, including mine. Dr. Davies had asked the class to research the…
Volatility is making a comeback. I often joke that investors never get upset about upside volatility, but if they are wise they should. Risk is risk, and while it is exciting to take risks when they work out, eventually one will experience the downside. This last quarter has worked out pretty much like we thought…
Spanish Banks are getting bailed out…so why is everyone so gloomy? It seems that after two years of bailout after bailout, market participants have finally realized that one cannot escape indebtedness by borrowing more money. It is hard to believe it took this long for investors to figure that out, but then again it seems…
Since we last stirred you with our insights on austerity, Europe’s woes have continued with almost all of Southern Europe now reporting negative GDP growth; JP Morgan has embarrassed itself with a loss that CEO Jamie Dimon called stupid; and markets have reacted as we thought they would. While JP Morgan’s highly publicized loss has…
The economic news of late has not been good. Last week the UK officially went into recession, followed this week by Spain. At home we continue to receive mixed signals. Last week’s durable goods report showed a significant pullback, followed by a GDP report worse than most expected, showing the economy grew at a slow…
