ISOLATIONIST?

Well, that didn’t take long. After unleashing a barrage of bombs on Syria, Trump wasted no time in rattling his saber towards the rest of the world. Following a weekend meeting with Chinese Premier Xi, Trump clearly sent a message...

FED DESTINY

Remember a few years back, in the midst of the U.S. QE programs, all the negative talk about how “the Fed would never be able to taper their bond buying?” When Yellen & Co. successfully navigated that hurdle, the doomsayers...

THE END GAME

We all know the terrifying debt statistics. We are bombarded every day with bearish reports about the gargantuan Federal debt, and when combined with the growing private sector indebtedness, the monolithic entitlements problem, and the looming pension fund shortage, it...

THE FED HAS SHIFTED (AND THE MARKET HAS MISSED IT)

The Fed has a new message. So far the market is not listening, but it should be, as the shift will have a profound effect on financial markets. It started with the dissent at the last FOMC meeting from Neel...

GRANTHAM COMMITS THE CARDINAL SIN

Way back in the 4th quarter of 2015, GMO’s Jeremy Grantham wrote a piece titled “Part II: 2015 and 2016, U.S. Equity Bubble Update, and Yet More on Oil.” It is easy to forget, but at that point, the S&P...