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Buzz on the Bullboards: Good stocks with bad publicity

It was hedge fund legend Ray Dalio who said: “He who lives by the crystal ball will eat shattered glass.” Many stock markets may have seen a higher start to the year so far, but there is far from a universal sentiment across the sectors, with s...

Will People Accept Rampant Inflation? Hell, No!

The Weekly Missive, which usually arrives over the weekend (sometimes on Friday, sometimes on Sunday) was delayed this weekend for one reason: I had to change it. I started out last week with an idea that was leaning in the direction of full-on capitulation in the sen...

The Inflation–Deflation Conundrum

As I sit here on the shores of lovely Lake Scugog, its weed-infested waters lying in wait for countless unsuspecting propellers soon to be ensnared, I am reminded of the failed world of central banking and policy initiatives, which too has become ensnared in flora of its ...

Weimar Fed in the Twenty-First Century

I was pacing around the house this lovely but cold Friday afternoon (after finally having the water supply restored after our well filed for unemployment benefits), trying desperately to think of a topic to write about in this weekly missive, when it suddenly occurred t...

Sahm Unemployment Index and Gold

What is the difference between a recession and a depression? When your neighbor loses their job, it’s a recession. When you lose your job, that’s a depression! Not funny? Do not worry, we won’t make more jokes. Instead, we&C...

US is winning trade war with China...for now

The ongoing battle between the United States and China for economic supremacy isn’t only being fought in the gilded ballrooms of Washington, as trade negotiators from either side parry over automobile parts content, intellectual property rights, government su...

Make America’s economy great again

A lot of Americans find themselves in a quandary over Donald Trump. On the one hand they can’t stand the braggadocious billionaire for his lack of principles, business ethics, exorbitant wealth, his treatment of women, minorities, the list goes on and on. But...

April Fools' Day and the Specter of a 'Blow-Off Top'

Many years ago, while attending university in Saint Louis, Missouri, I had just returned from a Florida Spring Break and had decided to have a few adult beverages with a couple of my hockey teammates to celebrate April Fools' Day, so off we went to the infamous "Thank God...

Confusion Reigns (Or What to Do When Nothing Makes Sense)

As I reach end-of-week, end-of-month book-squaring, where all of my urgent e-mails and all of my myopic missives and all of my topical tweets are summarized in once terse and quite concise "Monthly P&L," I am astounded at the most recent example of how masterfully the Gol...