Indicators Say We’re Headed for a Recession

Indicators Say We’re Headed for a Recession

April 14, 2025 The real economy isn’t doing well. Investors cheered when the Federal Reserve began lowering the federal funds rate last year. But inflation is still stubbornly high, and the interest rate that matters most – the 10-year Treasury yield –...
Famous “Market Rules to Remember”

Famous “Market Rules to Remember”

February 24, 2025 As the market remains frothy from a historical perspective, I encourage you to read some interesting points from Merrill Lynch’s former Chief Market Analyst, Bob Farrell. His famous “Market Rules to Remember” first appeared after the dot-com bubble...
Cheaper, Faster Government Is Not Guaranteed

Cheaper, Faster Government Is Not Guaranteed

February 17, 2025 You’ve probably heard of the new Department of Government Efficiency, or DOGE. While it offers long-term promise, it’s suffering some short-term peril. When it comes to spending, it almost doesn’t matter who gets elected president. That’s...
An Early Warning Indicator of Market Turbulence

An Early Warning Indicator of Market Turbulence

January 27, 2025 The U.S. stock market had one of its best years ever last year. As of this writing, the S&P 500 was up over 25% for 2024. It marks two consecutive years the S&P 500 had 20% gains or more. If it does it in 2025 too, it’ll be only the...
The Only Path Forward for Our Debt

The Only Path Forward for Our Debt

January 6, 2025 Our governmental debt is getting so big that I don’t think we’ll be able to grow our way out of this situation. While economic growth as a sole solution to our debt problem always seemed like a long shot, it’s now as if growth won’t be able to do much...