The 10th Man: The Crazy Man’s Guide to the Bond Market By John Mauldin I invite you to inspect the following chart of 10-year interest rates in the US. If you don’t have a lot of experience with these things, let me clue you in: This is a very scary-looking chart. It’s a classic head-and-shoulders […]
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Connecting the Dots: Oil, Divorce, and Bear Markets By Tony Sagami Everybody loves a parade. I sure did when I was a child, but I’m paying attention to a very different type of parade today. The parade that I’m talking about is the long, long parade of businesses in the oil industry that are cutting
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The 10th Man: The Anthropology of Finance By Jared Dillian When I was 11, my grandmother liked to hang out in Bee Bee’s Dairy and smoke cigarettes and drink coffee. The air quality in that place was like modern-day Beijing, with all these old people smoking and shooting the breeze. I used to get ice
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Connecting the Dots: Oil, Jobs, Consumer Confidence, and Humpty Dumpty By Tony Sagami Politicians, Wall Street, and the Federal Reserve Bank want you to think the economy is doing great thanks to the big improvements in the labor market. However, Janet Yellen, who testified before the Senate Banking Committee last week, admitted that the
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Outside the Box: The Kingdom of Denmark By John Mauldin In Thoughts from the Frontline, I am in the middle of writing a series on debt. I realized on Sunday that the second installment wasn’t ready for prime time, so I will work on it some more and send it out (hopefully) this coming
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The 10th Man: I Heart Capitalism By Jared Dillian Let me begin by saying that if you aren’t on Twitter, you’re making a huge mistake. I was encouraged to get on Twitter years ago by a tech-savvy friend. There is a learning curve. It’s not the easiest thing to get the hang of. Used
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Outside the Box: Shovelin’ Schmitt Against the Tide By John Mauldin There is an obsession in the marketplace over the date when the Fed will once again begin to raise rates. As if another 25 basis points is going to change the economics on tens of trillions of dollars of investments. But as we
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By John Mauldin Some things never change. Here is Eugen von Böhm-Bawerk, one of the founding intellectuals of the Austrian school of economics, writing in January 1914, lambasting politicians for their complicity in the corruption of monetary policy: We have seen innumerable variations of the vexing game of trying to generate political contentment through material
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By Jared Dillian I am a sometimes gold bug and hard-money advocate, and a hard-core fiscal conservative. I have a pretty bearish outlook on the markets, I am generally skeptical of company management and especially journalists, and I think most investors, even the professional ones, are clueless. I’m one of those hopeless romantics who pays
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By John Mauldin Forecasting is a singularly difficult task and is more often than not fraught with failure. The Federal Reserve has some of the smartest economists in the world, and yet their forecasts are so wrong so often (as in, they almost never get it right) that some have pointed out that it’s almost
Outside the Box: Hoisington Quarterly Review and Outlook: Fourth Quarter 2014 Read More »