Cross Your Fingers

Posted on Friday, June 9th, 2017

The parade of famous money managers coming out to proclaim that asset valuations are too high continues. This week’s contestants included Paul Singer of Elliott Management and Bill Gross from Janus funds. Speaking at the Bloomberg Invest summit in New York, Bill Gross proclaimed that in regard to US markets as an investor you are “buying read more.

The Sun Also Rises

Posted on Sunday, June 4th, 2017

How did you go bankrupt? Two ways. Gradually and then suddenly. – Ernest Hemingway – The Sun Also Rises We have been pointing towards a looming crisis in the municipal finance area. No, this is not a repeat from last week when we talked about the fiscal problems in the great state of Connecticut. It read more.

The Drive Higher

Posted on Saturday, May 27th, 2017

The big story this week was that the Federal Open Market Committee’s (FOMC) minutes were released from its last meeting. In those minutes it becomes clear that the FOMC is looking to reduce its balance sheet. Long time readers know that we feel that it was the increase in that balance sheet that helped greatly read more.