“I worry about the effects on the long-run stability of our financial system if the Fed attempts to substitute its judgment for those of the market. Such a regime would only increase the unhealthy tendency of investors to pay more attention to policymakers’ attitudes than to the economic… Read More
“Inflation is a more fundamental danger than speculative investment. Some countries seem to be in the unusual situation where they are trying to create inflation. They will come to regret that.” -PAUL VOLCKER, FORMER FED CHAIRMAN, IN A RECENT INTERVIEW POINTS TO PONDER… Read More
“After a large number of snowflakes accumulate, a snow cap builds on a mountain. At some point, a single additional snowflake creates an avalanche.” -STEPHANE DEO, GLOBAL HEAD OF ASSET ALLOCATION AT UBS, REFERRING TO THE LATEST EUROPEAN BANKING CRISIS A desirable divorce and a… Read More
“Where is the wisdom we have lost in knowledge and where is the knowledge we have lost in information.” -T. S. ELIOT Let there be hope. Hope is one of the simplest yet most comforting words in the English language, at… Read More
“Reality is that which, when you stop believing in it, doesn’t go away.” -PHILIP K. DICK, AMERICAN NOVELIST (BLADE RUNNER, TOTAL RECALL, MINORITY REPORT) POINTS TO PONDER Send your checks or money orders now. Stocks are not alone in climbing lofty peaks lately. Last week,… Read More
“When all the experts and forecasts agree, something else is going happen.” -ACCLAIMED MARKET TECHNICIAN, BOB FARRELL Where have all the risks gone? In the far distant past, like around last Thanksgiving, the world’s sundry problems were weighing heavily on investors’ minds. Now, some two months later, all… Read More
“When all the experts and forecasts agree, something else is going happen.” -ACCLAIMED MARKET TECHNICIAN, BOB FARRELL Where have all the risks gone? In the far distant past, like around last Thanksgiving, the world’s sundry problems were weighing heavily on investors’ minds. Now, some two months later, all… Read More
“The problem with socialism is that eventually you run out of other people’s money.” – MARGARET THATCHER Special Message: In support of our ongoing effort to grow EVA readership, ECM is initiating a contest among our readers to see who can refer the most new EVA subscribers. Every month… Read More
“The problem with socialism is that eventually you run out of other people’s money.” – MARGARET THATCHER Special Message: In support of our ongoing effort to grow EVA readership, ECM is initiating a contest among our readers to see who can refer the most new EVA subscribers. Every month… Read More
“If you can get long-term returns of 5% from either stocks or bonds, you should consider yourself or your portfolio in the upper echelon of competitors.” – BOND FUND SUPERSTAR, BILL GROSS POINTS TO PONDER 1. Morgan Stanley’s former star strategist, Byron Wien, now vice chairman of Blackstone Advisory… Read More
