Interest Rate Update | Time to Manage Your Interest Rate Risk
Interest rates are the price of money, or one might say the price to rent money. The US Treasury Yield curve represents the rate of interest across the maturity spectrum…
Stay Long & Strong
The equity markets are pricing in process of pricing in the cut in tax rates for corporations. The tax cuts are having an interesting phenomenon. One could argue that share…
Some Thoughts on the Macro Picture for 2018
The "everything bubble" is a meme that is alive and well. The price of everything is going up. The price of stocks, bonds, real estate, Cryptos, food, healthcare, education, and…
James Grant | Markets, Monetary Policy & Crowd Behavior
The has been a very interesting week from the standpoint of monetary policy. Not because investors are uncertain about what Central Banks are going to do, but because they know…
Fed Week | Fallacy of Interest Rate Price Fixing
The Fed tells us that they attempt to establish a level of interest rates that is neutral with respect to the general price level. This is one in which the…
Pension Crisis Update II: The First Step in Solving a Problem is to Admit You Have One
The crisis in government pensions is the crazy uncle in the attic politicians and the media refuse to talk about. The only people who have anything to say about it…
US Equities | Elliott Wave Update
One of the tools we use our kit is the Elliott Wave Principle. Wikipedia describes this technique as "a form of technical analysis that financial traders use to analyze financial…
We Are Shocked! OPEC Did Indeed Get Its Act Together
We have been bearish of oil because of growing production in the US by horizontal drilling, fracking, and improvements in exploration. At the same time, we have been skeptical of OPEC's…
Nickle | A Key Element for the Electric Car
We have been looking far and wide for opportunities as the world makes a slow transition from gasoline-powered cars to those driven by electricity. Tesla has been the obvious choice…
What Just Happened ? | Did Something Change Yesterday?
Yesterday, we witnessed a number of seemingly random events. This got us to thinking, was there any common cause for what happened or are these simply a cluster of random…