One Sure Result from Political Turmoil: Higher Interest Rates
The recent dismissal of Kevin McCarthy, the Republican Speaker of the House of Representatives, by members of his own party...
Most Companies Can Cope With Higher Interest Rates. Can the Stock Market?
As the concept of “higher-for-longer” interest rates sink in, there are three areas of concern:consumers, businesses, and...
Ever Landed in a Glider? A “Soft Landing” is Not What you Expect
Wall Street jargon has now embraced aeronautics. Pundits have been busy talkingup how The Federal Reserve will “glide the...
The Untracked Stimulus Program: Spending By Those Over 65
Economists keep scratching their collective heads about the ongoing strength of the economy. With the COVID stimulus funds...
When Human Nature Meets Artificial Intelligence: How Stock Market Fads Begin—And End
Speculators who treat the stock market as a casino love concepts. They are new, unburdened by history, can be projected far...
I Hear Banjo Music: Drifting Towards A Debt Crisis
Sometime in the next 15-45 days, the United States government is going to run out of credit. This is the result of a law,...
The “Mini-Me” Market Rally: 2011-21 Redux
Many index investors, after the drubbing taken in 2022, have looked at their statements for the first quarter of 2023 with...
How A Banking Panic Differs From A Banking Crisis
The closing of three financial institutions in the past week has sent a sense of crisis through the financial world....
To Reduce Inflation And Not Sink The Economy: Increase The Work Force
It should be obvious by now to everyone that increasing interest rates to slow the economy is not resulting in lower...
Playing With The Country’s FICO Score: Possible Consequences Of Debt Standoff
As of last Thursday, the United States Government reached the limit of its authority to borrow. While some evasive actions...
Fearless Forecast 2023: You Can’t Go Home Again
Asheville, North Carolina holds a special place for the writer and native son Thomas Wolfe, whose 1940 novel’s...
“Fortune Favors The Bold” But Not The Gullible: The Ongoing Bitcoin Implosion
The current bankruptcy of bitcoin exchange FTX is sending shockwaves throughout the bitcoin industry. Billions of dollars...
Is The Growth Stock Correction Over? Not Yet
With the sale of Twitter to Elon Musk last week, a syndicate of banks had previously offered to loan Mr. Musk $13 billion...
Perception Vs. Reality. Why Bonds Are Not A Safe Haven
Advocates of formulaic investing along the lines of 60 percent stocks, 40 percent bonds are not doing so well these days....
What Happens To Stocks When Interest Rates Rise? A Historical Pattern Gives Us A Clue
Like today, in 1979 the perception was that inflation was out of control. The hapless administration of G....
Oil Refinery Economics: How A Shortage Of Refineries Cause An Increase In Gas Prices
Economics 101 - Law of Supply and Demand: legislating oil refineries decreases supply With the exception of a...