Congress’ Debt Cure – Spend, Spend, Spend

January 21, 2019 |Daniel A. White Discussing our economy must involve our debt, the scale of which is astounding. In October 2018, the monthly U.S. budget deficit was $105 billion. The previous October, it was $63.2 billion. Yes, there are timing issues that...

Signs the Party is Ending

January 14, 2019 |Daniel A. White U.S. economic growth has been up, the bull run in the stock market has been long and profitable, and unemployment has been down. There’s no denying that is a wonderful combination. However, there are a few signs the bears are waking...

The Bull Run’s Magical Matador

January 7, 2019 |Daniel A. White There’s a clear matador in the latter part of the recent bull market – corporate stock buybacks. Firms buying up their own stocks, sometimes funded by large loans, is a big reason the bull market has lasted so long and could last...

Hard to Tell Boom from Doom

December 31, 2018 |Daniel A. White Last October we saw serious stock market volatility. And for better or worse, the trend has continued through the end of the year. In fact, more than half of the world’s major stock markets are down (or were down and are now barely...

Corporate Deadweight Leads Race to Bottom

December 17, 2018 |Daniel A. White In his 1987 letter to shareholders, Berkshire Hathaway Chairman Warren Buffet quoted Benjamin Disraeli, who lamented, “What we learn from history is that we do not learn from history.” While that will always be true to some...