Time to Believe

Who better has the pulse on what investors and businessmen are doing than Larry Fink, a longtime friend, who is head of Blackrock, the world’s largest money manager? We were... Continue reading

Vive La Sweet Spot

Quite a week! Powell all but assured a rate cut in July; the yield curve steepened; the dollar weakened; trade talks with China opened; commodity prices increased; and stock markets... Continue reading

“Sustain the Expansion”

The Fed’s semiannual Monetary Report was released Friday and really offered all the ammunition the Fed needs to begin lowering rates this month. The Fed is concerned that uncertainty over... Continue reading

“It’s the Economy, Stupid!”

Trump will be in a tough race for the White House in 2020. He saw a record number of Americans watching the Democratic debates and realizes that the key to... Continue reading

Money Makes the World Go ‘Round

Monetary authorities, fearing deflation, have now committed to go all-in to stimulate economic growth. Our first rule of investing is to analyze whether more money is being created by the... Continue reading

Low Inflation is Not Transitory

We expect the Fed to make a game-changing announcement within months that their long-held belief that low inflation is transitory has been wrong. Inflation has been running well beneath the... Continue reading

Dodged One Bullet, But More Remain

We were pleasantly surprised that Trump tweeted Friday night that the U.S. and Mexico had reached a last-minute deal on immigration to avoid tariffs that would have begun Monday. While... Continue reading