General

Important Disclosures This report is for informational purposes only… Read More

“Get acquainted with your shadow, or find yourself surprised when a crisis emerges.” – M.B. Dallocchio “It’s part of what we call the Shadow, all the dark parts of us we can’t face. It’s the thing that, if we don’t deal with it, eventually poisons… Read More

“Here’s to the crazy ones, the misfits, the rebels, the troublemakers, the round pegs in the square holes… because the ones who are crazy enough to think that they can change the world, are the ones who do.” – Apple co-founder Steve Jobs “The time… Read More

“It is impossible to produce a superior performance unless you do something different from the majority.” – Sir John Templeton, founder of the Templeton mutual fund family (now Franklin Funds) “In recent years, holding cash is so completely out of favor that it has become… Read More

“Asset purchases may act like a sweet poison for the governments. The rude awakening may come when the purchases are reduced or stopped altogether.” – Bundsbank President Jens Weidmann “We may never know where we are going, but we’d better have a good idea where… Read More

“We cannot solve problems by using the same kind of thinking we used when we created them.” – Albert Einstein And now for something (almost) completely different. Those EVA readers out there who keep precise track of our publishing sequence—all six of you—realize this is that time of the… Read More

“When we look at the high-income economies…we must recognize that they are in a truly extraordinary state. The best way to describe it is as a managed depression.” – Martin Wolf, Chief Economics Commentator for the Financial Times POINTS TO PONDER 1. A number… Read More

“I recently tried to refinance my mortgage and was unsuccessful in doing so. I think the tightness of mortgage credit—lending—is still probably excessive.” – Ben Bernanke, speaking at a conference earlier this week “There are cracks emerging in the Teflon tape that is the S&P… Read More

“I don’t think the words ‘dual mandate’ crossed my lips in eight years. If prices are stable, that (is) good for employment.” – Paul Volcker, referring to his time as Fed chairman, in a speech this week to the Economic Club of NY POINTS TO PONDER… Read More

“Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong.” – Economist and historian, Niall Ferguson Future bull. Let me admit up front that this EVA has been… Read More