Economy and Investing

“Captain’s Log, supplemental.” Some of you will recognize these as the words spoken by Captain James T. Kirk after each commercial break, to be followed by a recap of what happened in the prior segment and a preview of the action to come.  Those words…

Topics: Economy and Investing

When we wrote last Friday morning in the immediate aftermath of Thursday’s Brexit, global markets were in freefall and anxiety was rising.  We acknowledged the potential negative impact on the UK economy and the probability of heightened volatility in the near term.  We then noted:…

Topics: Economy and Investing

They did it.  The Brits voted yesterday to leave the European Union, driven, if the polls got it right, by fears of an immigrant invasion.  Hadrian built his wall, Trump wants his, and the Brits decided to Brexit. Global stock markets have fallen on the…

Topics: Economy and Investing

Stock markets around the world continue to be roiled by investor anxiety over the state of the U.S. and world economy, corporate earnings, the price of oil, and the intentions of the Federal Reserve and other central banks. This is not new stuff, of course,…

Topics: Economy and Investing

We’re not quite three weeks into the new year and it’s feeling to many people like the world is coming to an end.  So, before I say anything more, let me cut to the chase: It isn’t. There, I said it.  We can all breathe…

Topics: Economy and Investing

As we enter the fourth trading day of 2016, world stock markets seem to have a bad case of nerves.  As you know, we don’t believe that what happens in the markets on a day-to-day or month-to-month basis carries any real information, dominated as it…

Topics: Economy and Investing