The concept of a Presidential Cycle has been an important part of investing lore. Simply put, the first two years of each Presidential term are basically flattish while the third year is always a decidedly up year. Different Presidents, different political parties, different political ideologies, different global conditions but somehow all this diversity coalesces into…
Summary – A top-down review of interesting calls and comments made last week in Treasuries, monetary policy, economics, stocks, bonds & commodities. TACs is our acronym for Tweets, Articles, & Clips – our basic inputs for this article. Editor’s Note: In this series of articles, we include important or interesting Tweets, Articles, Video Clips…
Five years ago, President Obama announced his decision to pull out of Afghanistan at the end of 2014. This led us to write our Post-American Withdrawal View of the Region in December 2009. What was the scenario we discussed then? “America’s withdrawal from Afghanistan will create a large vacuum in the region. Geostrategy like nature abhors a vacuum and…
Summary – A top-down review of interesting calls and comments made last week in Treasuries, monetary policy, economics, stocks, bonds & commodities. TACs is our acronym for Tweets, Articles, & Clips – our basic inputs for this article. Editor’s Note: In this series of articles, we include important or interesting Tweets, Articles, Video Clips…
Roll Tide is probably the best description of Tuesday’s sweep. The Republicans recaptured the Senate, dominated the House, swept away Democratic challengers in gubernatorial races. The GOP has won the strongest position in the Congress since WWII. Many saw this coming but few thought it would be such a roll. The easy stuff first….
A sustained growth economy is like a step function in Mathematics. It is like a ladder with which you take one step up, then you walk flat for a awhile & then you take the next step up. This is the most sure-footed path to sustained long-term growth. Some people, especially media-decorated pandits, scoff at each…
Summary – A top-down review of interesting calls and comments made last week in Treasuries, monetary policy, economics, stocks, bonds & commodities. TACs is our acronym for Tweets, Articles, & Clips – our basic inputs for this article. Editor’s Note: In this series of articles, we include important or interesting Tweets, Articles, Video Clips…
How fast does contagion travel & how fast do the world’s central banks panic? We saw it in the past three weeks. We wrote about the deflation contagion sweeping the world on October 11, 2014. Four days later, literally 4 days later on Wednesday, October 15, yields on Treasuries utterly collapsed. Just look at the photo…
Summary – A top-down review of interesting calls and comments made last week in Treasuries, monetary policy, economics, stocks, bonds & commodities. TACs is our acronym for Tweets, Articles, & Clips – our basic inputs for this article. Editor’s Note: In this series of articles, we include important or interesting Tweets, Articles, Video Clips…
This week the Indian Subcontinent & the global Indian Diaspora celebrated Diwali (Deepavali) and welcomed in the New Year. The Sanskrut word Deepavali means a “Vali” (row) of “Deep” (light or lamps). This name was shortened to more colloquial Diwali over the past several centuries. So light is both a physical and spiritual embodiment…