All Eyes on the Fed How will rocky stocks — down another 2% in early trading today — affect the housing market? My knee-jerk response is to cite Chinese leader Mao Zedong, who, when asked (in 1950), “What’s the significance of the French Revolution?,” responded, “it’s too soon too tell.” So, if stocks quickly rebound in the...Read More
The “TINA” Stock Market: More Record Highs “As long as the music is playing, you’ve got to get up and dance.” –Former Citigroup CEO Charles Prince; July, 2007 Investors who remember what happened the last time the music stopped are — to put it mildly — ambivalent as they watch major stock indices march ever-higher...Read More
David Stockman: ‘Get Out of the Markets & Hide Out in Cash’ “The United States is broke ” fiscally, morally, intellectually. When the latest bubble pops, there will be nothing to stop the collapse.” –David Stockman, “State-Wrecked: the Corruption of Capitalism in America“; The New York Times (March 30, 2013) The scary prediction above comes...Read More
