The Guns and Butter Era Redux
“Viewed in the abstract, the Federal Reserve System had the power to abort the inflation at its incipient stage fifteen years ago or at any later point, and it has the power to end it today. At any time within that period, it could have restricted the money supply and...
Investing Ideas in an Era of Low Yield Bonds
“Deadly Charybdis—can’t I possibly cut and run from her And still fight Scylla off when Scylla strikes my men?” ─ the Odyssey, as spoken by Odysseus In Homer’s legendary epic, the Odyssey, Odysseus is forced to navigate his ship through a treacherous passage with...
Presidents and Their Impact on the Stock Market
“It’s the economy, stupid!” ─ James Carville The reputations for presidents in the annals of history often rise and fall with the fluctuations in the economy. As President George H.W. Bush would tell you from personal experience, the health of the economy plays a...
Why It’s Time to Own Gold
“Gold gives to the ugliest thing a certain charming air, for that without it were else a miserable affair.” ─ Molière The first six months of 2020 have been historic. Thus far, the year has offered up a global health pandemic, a synchronized global recession, rising...
