Blog Archives

Inflation is Dead, Long Live Inflation

Posted on 12.17.13 by Michelle Rand in Investment

Inflation, which was supposed to be surging by now, is so low and still declining, that our thesis that QE will not end imminently and interest rates won’t pop up much from here is looking like it has legs. After … Continue reading →

Why Bashing the Banks is Bad for the Economy

Posted on 11.20.13 by Michelle Rand in Interest Rates, Investment

Ever since the 2008/9 recession though certainly not for the first time in history, Americans have engaged in vigorous bank bashing, blaming the banks for the recession, and encouraging politicians to fine them, imprison their managers, and constrict their operations … Continue reading →

Flat Spot, or Not?

Posted on 11.01.13 by Michelle Rand in Investment

After the latest display of Congressional dysfunction, will the economy flatten out, or not? Evidence is mounting that there won’t be much effect. Chrysler reported that people kept buying trucks – even more trucks than expected in fact. Factory indices … Continue reading →

Market Timing as a Response to Congressional Misbehavior

Posted on 09.23.13 by Michelle Rand in Investment

This blog is inspired by recent client comments about the certainty of a market plunge when Congress is unable to avoid a big mess around the upcoming debt ceiling negotiations. The thought, then, is to take money off the table … Continue reading →

Not So Happy Any More

Posted on 08.27.13 by Michelle Rand in Investment

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 →