Profit Margins and the Government’s Deficit
Pretty interesting commentary here from John Hussman’s weekly letter in which he points out that one sector’s deficit is obviously another sector’s surplus. In the...
Category : Editor’s Picks
Recession Index Still Says “No Recession”
One of the main indicators I rely on for the cyclical view of the markets is the Orcam Recession Index (which I update in the...
Michael Mauboussin Says Lots of Smart Stuff…
"There have been some classic studies. One case that continues to be true in the US is spinoffs. Large corporations have multiple businesses and when...
China Tests US and Japanese Patience
Japanese Prime Minister Shinzo Abe has warned Beijing that Tokyo is losing patience with China’s assertive maritime behavior in the East and South China seas,...
Tactical Beta’s Chart of the Week: Gold
Let’s get technical first. The historic price move in gold is noted. Yet, the subsequent 18-month price consolidation has likely frustrated investors especially considering the...
Confession Time: The S&P 500 Went Higher Than I Thought
A smart person learns from his mistakes, but a truly wise person learns from the mistakes of others. There is no such thing as a...
Gold Price at an Extreme
Gold dipped below $1,600 last week, falling to a six-month low, much to the chagrin of gold investors. I find the timing of the correction...
The “Dumbing Down” of State of the Union Addresses
It’s really best to go to The Guardian where the interactive graphic below appears, but, as you can discern from the general direction of the...
Robert Shiller: Don’t Invest in Housing
Robert Shiller of Yale was on Bloomberg yesterday discussing housing and his general outlook. But the most interesting comments were with regards to his general...
The Consequences of Intervening in Syria
The French military’s current campaign to dislodge jihadist militants from northern Mali and the recent high-profile attack against a natural gas facility in Algeria are...