by wpadmin | Aug 28, 2023 | Uncategorized
As of last Thursday, the United States Government reached the limit of its authority to borrow. While some evasive actions are being initiated by the Treasury Department to keep the government open and pay its obligations, these steps are expected to be exhausted...
by wpadmin | Aug 28, 2023 | Uncategorized
Asheville, North Carolina holds a special place for the writer and native son Thomas Wolfe, whose 1940 novel’s title You Can’t Go Home Again is a fitting framing for investing in 2023. Many investors are trying to treat the events of 2022 as an aberration in...
by wpadmin | Aug 28, 2023 | Uncategorized
The current bankruptcy of bitcoin exchange FTX is sending shockwaves throughout the bitcoin industry. Billions of dollars of bitcoin investments cannot be accounted for. Celebrities like Tom Brady and Matt Damon have been exposed as paid hacks who sold their...
by wpadmin | Aug 28, 2023 | Uncategorized
With the sale of Twitter to Elon Musk last week, a syndicate of banks had previously offered to loan Mr. Musk $13 billion to help pay for the $44 billion deal. The intentions of the banks were to turn around and sell the debt to the investing public as bonds...
by wpadmin | Aug 28, 2023 | Uncategorized
Advocates of formulaic investing along the lines of 60 percent stocks, 40 percent bonds are not doing so well these days. Year to date, bond indexes are down about 13 percent. This is the second consecutive year of negative returns from fixed income. While this may be...
by wpadmin | Aug 28, 2023 | Uncategorized
Like today, in 1979 the perception was that inflation was out of control. The hapless administration of G. William Miller at the Federal Reserve had left its reputation for control of the purchasing power of the US Dollar in tatters. Every time...
by wpadmin | Aug 28, 2023 | Uncategorized
Economics 101 – Law of Supply and Demand: legislating oil refineries decreases supply With the exception of a small refinery launched in North Dakota in 2014, no new oil refineries have been built in the United States since 1976. In 1972, Richard Nixon...
by wpadmin | Aug 28, 2023 | Uncategorized
At this writing, the Standard & Poor’s 500 Index is down 16.8 percent year-to-date. Within this fact, several stocks have gone down less and some have gone down a great deal more. For those who would rather invest in the future than the present, an analysis...
by wpadmin | Aug 28, 2023 | Uncategorized
After the cascading decline of year-to-date, the market indexes are down 10 percent in terms of the Dow Jones Industrial Averages, 13 percent for the Standard & Poor’s 500, and 23 percent for the NASDAQ Over-the-Counter Market. Relatively recent market...
by wpadmin | Aug 28, 2023 | Uncategorized
Someone once wrote, “History does not repeat itself, but it does rhyme.” The current Russian invasion of Ukraine has been compared to the 1938 German invasion of Czechoslovakia. Like Nazi Germany, Russia made a series of escalating demands on Ukraine and...
by wpadmin | Aug 28, 2023 | Uncategorized
As this is written, the invasion of Ukraine continues to evolve. While talks are scheduled, there is little hope of a diplomatic solution. A product of the Ukraine war waged by Russia is an international condemnation of the conduct of the Russian government in...
by wpadmin | Aug 28, 2023 | Uncategorized
For at least 60 years, it has been an article of faith to invest one’s assets along the lines of 60 percent stocks, 40 percent bonds. This formula was originally coined by the Ford Foundation; they advocated the allocation to endowments and large charities who...
