Yearly Archives: 2016
Are you a Speculator or an Investor?
John Maynard Keynes once compared investing to picking the winner of a beauty contest. Keynes argued that to win the contest one must choose...
No End in Sight for Industrial Recession
Industrial production contracted again last month. That makes 10 out of the last 12 months down. The industrial economy is now solidly in recession territory.
Worthy Reads: Gold Going to $1,300?
Why Gold Could go to $1,300 by Year-end (MarketWatch)
Yup, putting the professors in charge of the economy was a brilliant idea see Negative Rates...
What’s Driving Equity Markets?
In case you needed more evidence that the Fed is playing an outsize role in equity markets, I present to you the following chart....
Worthy Reads: Misguided Mutual Fund Tax Policy
Quotable: "The United States is one of only four markets among the 27 covered by Morningstar that taxes realized internal gains in a fund...