“You can check out any time you like, but you can never leave.” -The Eagles, from their classic song, “Hotel California” The Immaculate correction. Maybe it really is that painless. Perhaps it is possible that US stocks can go through a series of rolling,… Read More

“Knowledge is power only if man knows what facts not to bother about.” -Robert Lynd, sociologist 1. For many years, this newsletter has urged its readers to ignore inflation worries. Lately, though, we have begun to see some indications that consumer prices may be heating up. One… Read More

“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety), by menacing it with an endless series of hobgoblins, all of them imaginary.” -H.L. Mencken If it’s May, it must be Mauldin. Read More

“It’s in human nature to go to excess.” -Warren Buffett POINTS TO PONDER 1.  One of the more heartening aspects of the US economy’s otherwise lackluster recovery is the solid performance by the private sector.  On the flip side, a surge in medical expenditures, due to the previously uninsured… Read More

“The Greek economy is not in recession.  Nor is it recovering.  It has collapsed.”  -Wolfgang Munchau of The Financial Times Much to be humble about…  When you write a financial newsletter, it’s easy to fall into a dangerous trap. If you’re not careful, your readers can start to… Read More

“I’m convinced that everything that’s important in investing is counterintuitive, and everything that’s obvious is wrong.” -Superstar investor, Howard Marks, from his acclaimed recent essay Dare to be Great II POINTS TO PONDER 1.  Most economists seem to believe the negative effects of last year’s massive tax hike impacted… Read More

“History has not dealt kindly with the aftermath of protracted periods of low risk premiums.” -Alan Greenspan Brilliant bookends.  As many EVA readers know, Evergreen was extremely fortunate to have both Louis Gave and Grant Williams co-present, along with yours truly, at our February Annual Outlook event. Just as… Read More

“A leader does not deserve the name unless he is willing to occasionally stand alone.” -Henry Kissinger “Deep doubts, deep wisdom; small doubts, little wisdom.” -Chinese proverb POINTS TO PONDER 1.  Last week’s EVA made the case that US productivity growth has slowed dramatically since the… Read More

 “We’ve gone back into this kind of a foie-gras bubble environment.  We’re all being force-fed risk assets.  It’s an unpleasant experience when you’re playing goose to the central bank farmer.”   -James Montier, strategist at elite money manager, GMO “Unless countries come together to take the right kind of… Read More

“Price is what you pay, value is what you get.” -Warren Buffett Special message:  Thanks to your loyal readership, as well as your advocacy, we recently eclipsed 5000 readers of our weekly e-letter. The intent of the Evergreen Virtual Advisor (EVA) is twofold. First, we try to convey to… Read More