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Tomorrow night the polls will close. There will likely be a change in the leadership of the House of Representatives and maybe the Senate. If change does occur in just the House, then the order of the day will be [...]
Omaha Beach that is. I just returned from a trip to France. On the flight over I sat next to a veteran of the Omaha Beach War. He was stationed in Germany at the time. We got to talking and [...]
QE II Funny how Wall Street and the media come up with funny acronyms for serious problems. The latest is QE II. Not the cruise ship operated by Cunard, not Queen Elizabeth the second of England, no QE II refers [...]
The other day I took a cab ride to the airport. I was in a great mood before I got in the taxi! I always strike up a conversation with the driver – it’s nice to get the perspective of [...]
The devaluing US dollar means little to those who don’t plan on ever setting foot outside the US. With cheap labor still plentiful, prices for consumer goods will also remain reasonable. To the average American consumer, not much will look [...]
Closing in on $1,300 Gold prices are at new highs. Last week’s bump pushed the price of our favorite metal close to the $1,300 level. Gold and silver have outperformed nearly every asset class this past year. Yet, in the [...]
A Funny Thing Happened on the Way to the Poll Booth… The much-maligned Tea-Party movement is threatening to send the two-party system into chaos. There is a strong possibility that the Republican Party will be torn apart by this new [...]
As I write this the S&P has rallied by almost 6% in just a few trading days. Get used to it. In an environment of uncertainty rallies and plunges are the norm. Two weeks ago things could not get much [...]
The last quarter ended with a whimper. Stock indices had their worst quarter in four years and the worst August since 2001. Despite the rally last week where we saw the indices tack on 2.5% in one day, it’s been [...]
Sometimes you get what you need. It’s funny and it’s not. Home sales are plunging again, durable goods sales slowing, and the markets are running scared. If this is news to you, then you haven’t been paying attention to what [...]
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