“Why save the bubonic plague?” -GAVEKAL RESEARCH’S CHARLES GAVE, IN AN INTERVIEW ON FRENCH TV THIS WEEK WHEN ASKED WHAT SHOULD BE DONE TO SAVE THE EURO POINTS TO PONDER 1. A recurring warning in numerous EVAs this year centered on the carefree… Read More
“They are going to have to do something in Spain’s case. This is a big economy and the banks are holed below the water line.” -SIMON TILFORD, CHIEF ECONOMIST AT THE CENTER FOR EUROPEAN REFORM MAY 11TH, EVA What price arrogance? An article of faith… Read More
“Europe is headed for a depression if it doesn’t figure out how to reform.” -JOHN MAULDIN, SPEAKING TODAY AT HIS ANNUAL STRATEGIC INVESTMENT CONFERENCE IN CARLSBAD, CALIFORNIA POINTS TO PONDER 1. Recent EVAs have noted that growth in US after-inflation (real) disposable income is at… Read More
“We can actually manufacture as cheaply or cheaper here in the US than we can in China.” -DAVID ROBERTS, CEO OF INDUSTRIAL CONGLOMERATE, CARLYLE, REFERRING TO ITS TIRE OPERATION “The discovery and development of North America’s shale resources has the potential to be the most remarkable source… Read More
“The idea that Chinese capitalism provides a blueprint for the rest of the world economy is an absurd exaggeration.” –KENNETH ROGOFF, CO-AUTHOR OF THE EPIC WORK ON FINANCIAL BUBBLES, “THIS TIME IS DIFFERENT”. APRIL 20TH, EVA In a recent EVA, I explained the sequence we follow for… Read More
“Risk is most dangerous when it is least apparent and least dangerous when it is most apparent.” -FINANCIAL NEWSLETTER WRITER EXTRAORDINAIRE, JAMES GRANT POINTS TO PONDER 1. Many pundits believe stocks are on the cusp of a new bull market. However, the liftoff point for the last… Read More
“Communism creates shortages, capitalism creates surpluses.” -FORBES COLUMNIST AND NOTED ECONOMIST, GARY SHILLING APRIL 6TH, EVA Is risk-off back on? It’s that time of the month many EVA readers look forward to—an issue that I don’t actually write! This week’s “guest” EVA fulfills… Read More
“On balance, an assessment of a broad range of indicators suggests that a substantial portion of the decline in the unemployment rate does reflect genuine improvement in labor market conditions.” -BEN BERNANKE POINTS TO PONDER 1. Wall Street seems to have at best mixed feelings toward the… Read More
“I never give them hell. I just tell them the truth and they think it’s hell.” – HARRY S. TRUMAN, 33RD PRESIDENT OF THE UNITED STATES A Midwinter Night’s Dream. It’s easy to be a dreamer in Hawaii. Between the leisurely pace and the paradise-found… Read More
“Clearly, things are weaker than we thought when we made plans for this year.” –UPS CFO KURT KUEHN POINTS TO PONDER 1. Retail sales have now fallen for three straight months. This has occurred just 2% of the time since WWII… Read More
