What, Me Worry? The Alfred E. Newman Stock Market

In the past month interest rates have been going up—a lot. Most of the action has occurred at the long end of the yield curve (10 to 30 years). A year ago, there was not a lot of difference between the yield on a 10- and 30-year US Treasury bond. As of last Friday,...

Fasten Your Seat Belt: 2025 Will Be a Turbulent Year

There are various yardsticks used to estimate the direction of the stock market for a given year based on the performance of the stock market in January. Some people take the first ten trading days as direction. Others use the entire month.Mark Hulbert has been...

The Connection Between Tariffs and Immigration

As this paper is being written prior to the installation of the new administration, it was decided to focus on two aspects of the Trump philosophy: tariffs and immigration. Most people, to the extent they understand either topic, do not connect with them. They are...