The Crash that Cured Itself
James Grant, in his book The Forgotten Depression—1921: The Crash That Cured Itself, explains the resilience of the free market. During the 1921 economic...
Greetings from 5th Avenue, Naples, Florida
Our office in Naples, Florida is located at 500, 5th Ave., which has received a Certificate of Excellence for the second year in a row...
The Monday Melee: A World in Debt
Old and In Debt:
Goldman Sachs Asset Management is warning of a looming debt crisis spurred on by aging populations. As seen on the chart...
Vanguard GNMA Outlook 2015 Part II
In Part I of this series I explained the risks that investors are compensated for when they invest in Ginnie Mae mortgage backed securities....
Tiny Bubbles
Originally posted January 21, 2014.
Imagine outgoing Chairman Ben Bernanke joyfully wrapping things up at the Fed while humming “tiny bubbles make me feel happy”...
Housing Starts Surprise: Will Higher Rates End the Party?
Housing starts in America totaled 1.135 million in April. That's higher than the analyst consensus of 1.025 million that had been projected. The question is,...
Sell in May Go Away?
You can learn a thing or two from history. For one, it happened, it’s a fact, and 2) not many people predicted it correctly.
In...
The Monday Melee: Carl Icahn and Apple
Icahn vs. Cook
Today Carl Icahn and his Icahn Capital LP wrote a letter urging Apple CEO Tim Cook to buyback more AAPL shares (below)....
Spring Still Not Here for the Economy
The early economic data for the second quarter is beginning to come in and it doesn’t look promising so far. Industrial Production data was...
$100 Million Room with a View, or Not
You just gotta love the obnoxious real estate prices in Manhattan. Vornado Realty Trust’s 220 Central Park South has already secured $1.1 billion, or...