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Inflection points are notoriously difficult for humans to predict, or even to recognize when the signs are all around you. We won’t claim to be any better than anyone else at this, but we think the signs are turning ominous. … Continue reading
Interest rates have been so low for so long that nearly everyone has refinanced. But there are still some laggards – people who were waiting for home prices to rise or interest rates to fall further, or for their credit … Continue reading
Detroit, former motor powerhouse, filed Chapter 9 bankruptcy today. Chapter 9 is a provision of US bankruptcy law that allows municipalities to file; filings have been rare. However, Detroit will be the largest in Ch 9’s history, after Jefferson Co. … Continue reading
Looks like the nearly annual stock market correction is out of the way and we’re back to the bull trend. This rally remains the most reviled, disbelieved bull market ever, excepting the 1982 – 1999 epic bull market. Back then, … Continue reading
The temper tantrums are in full flower. The markets are crying and screaming for the bottle from the Fed. But the Fed has left the crib and is letting the chips fall where they may. (Sorry about the mixed metaphors; … Continue reading