Muni Bonds Shine Again
It's been a long winter for municipal bond investors. Zero interest rates over the long term made them a poor value. I honestly don't...
Oh, What a Lovely Recession!
While the nattering nabobs of negativism continue to describe the current economy as a "recession," given that we've had two quarters of...
How To Make a Fortune in the Investment Business - Part II
Another day, another pitch, this one from a well known name that's sponsored dozens of sporting events over the years. You might say...
Fed Inventory Not Budging For Now
While the Fed raises short term rates in a fairly dramatic fashion, it isn't doing much to unload its hoard of Treasuries and Mortgage...
What Makes a Recession?
Some years ago, I wrote a piece called "When Does GDP Matter?" The issue is coming up again, because many define a recession as two...
What the Fed Is Afraid Of
Fed watching and Fed criticism have long been a staple of financial media. You would be shocked at the fortunes made by people with a...
Don't Look Now, But Inflation is Fading. Fast.
What started as a trickle may soon turn into a flood. I'm not sure what's driving the downturn in over a dozen commodities, but it could...
How To Make a Fortune In The Investment Business
One of the worst kept secrets in the investment world is that there are a lot of mediocre performers managing huge sums of money on the...
Fixed Income War Story #2
Perhaps one of the most remarkable episodes in bond market history was recounted in the report shown above, written by Joe Mysak,...
Can The Fed Actually Stop Inflation?
Looking over the basket of products and commodities the government uses to produce the Consumer Price Indexes, it appears that the...
