Recent Articles
July 18, 2014
“People can foresee the future only when it coincides with their own wishes, and the most grossly obvious facts can…
July 11, 2014
“Watching neighbors get rich at the end of a bubble while you sit it out patiently is pure torture.” –…
July 4, 2014
“That is going to be a huge challenge, to which I don’t have a great answer.” – Janet Yellen, referring…
June 27, 2014
“This environment is one that naturally encourages investors to use borrowed money to increase their exposure to risk…they will ‘ride…
June 20, 2014
“In their efforts to promote growth and jobs, central banks are trading the possibility of immediate economic gains for a…
June 13, 2014
“We learn from history that we do not learn from history.” – Georg Wilhelm Friedrich Hegel (courtesy of John Hussman…
June 6, 2014
“I don’t expect the consensus to be right, I’m just surprised by how wrong it has been.” – Fixed-income specialist…
May 30, 2014
“You can check out any time you like, but you can never leave.” -The Eagles, from their classic song, “Hotel…
May 23, 2014
“Knowledge is power only if man knows what facts not to bother about.” -Robert Lynd, sociologist 1. For many years,…
May 16, 2014
“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety),…
May 9, 2014
“It’s in human nature to go to excess.” -Warren Buffett POINTS TO PONDER 1. One of the more heartening aspects…
May 2, 2014
“The Greek economy is not in recession. Nor is it recovering. It has collapsed.” -Wolfgang Munchau of The Financial Times…