A few weeks ago, Ed Easterling and I updated the work we published almost ten years ago about secular bear and bull markets. This week I am in Maine at the annual Shadow Fed fishing trip (for...

Rick: How can you close me up? On what grounds? Captain Renault: I’m shocked, shocked to find that gambling is going on in here! – From the classic scene in Casablanca,made in 1942 The latest scandal du...

(Bull’s Eye Investing Ten Years Later, cont.) What does the current environment of earnings and valuations tell us about the prospects for the US stock markets in general over the next 3-5-7-10 years? This week we have...

I have often said that when someone is appointed to be a member of the Federal Reserve, they are taken into a back room and given a complete DNA change. They simply are not like you and...

“Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence – especially in cases in which large short-term debts need to be rolled over continuously – is the key factor that gives rise...