Telling Stories
Last week, I wrote about a possible bubble developing in the Chinese stock market. If you missed it (we experienced some technical difficulties) you...
Where’s the Bubble?
The Shanghai A-share stock index is up 79% YTD, making it the second-best-performing stock market in the world. What is driving the resurgence in...
Young Research’s Top Commodity Play
The U.S. recession has curbed demand for natural gas while supply has continued to increase. The obvious result has been…
Fundamentals vs. Sentiment
Stocks are assets. The true value of any asset is simply the discounted value of all future cash flows. This holds true for stocks,...
Crumbling Pillars
The pillars of support preventing the overvalued euro from depreciating versus the U.S. dollar are quickly crumbling. On a purchasing power parity basis, our...
The Energy Equivalent Value of Wood
People who live in cold northern climates are likely to face stiff home heating oil bills this winter. If heating oil prices average $5...
International Investing & Taxes
Are you aware of the tax implications of international investing? When you invest in foreign securities, even those listed on U.S. exchanges, your investment...
Retirement Arithmetic
Are you planning an early retirement? We urge you to check out our retirement income arithmetic before you hurry off into the sunset. Let’s...
Give’em an inch and they’ll take a mile
Prior to 1913, the federal government was constrained from directly taxing personal income. Along came the 16th Amendment and the concept of limited government...
Bond Funds
A recent article in the Wall Street Journal by Jonathan Clements highlighted the advantages of low-cost bond funds.
Jonathan correctly points out that low-cost bond...