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.

Trump Troubles

Posted on Saturday, May 20th, 2017

A roller coaster runs up and down spins around and around while finishing where you started and it probably cost you money. – Arthur Cashin We all rode the rollercoaster this week.  While there was plenty of noise and bluster the market fell less than one half of one percent this week. We feel that… read more.