Posts From John Del Vecchio

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Central Banks

We’re in Uncharted Territory, With Unintended Consequences

One of the best things that ever happened to me was my grandfather gave me $5,000 when I was born. My dad then invested that money conservatively, in bonds, and


The Debt Bubble Is Bursting. Could This Be Curtains for Stocks?

Recently I had a conversation with a large investment advisor. I recounted how I started my first fund to short technology stocks in 2002, and my second in the fall

Business Cycle

Merger Madness: They Don’t Make Growth Like They Used To

This past Monday was another “Merger Monday,” or maybe we should call it “Merger Madness.” Or even “March Madness.” In any case, a total of three deals worth over $37


No Wonder the Stock Market’s So High: It’s All Corporate Buybacks

So like a lot of people, I’ve gotten suckered into following the presidential race. As of last night, the Republican field has narrowed to just three candidates. That’s a long

Business Cycle

When It Comes to Retail, the Future Looks Ominous

Lately, retail has been on my mind. When I am traveling or out shopping with my wife (I don’t buy anything but she sure does!) I love to people-watch and

Business Cycle

A Hard Look at the Economy’s Health

The markets were down sharply earlier today thanks in part to oil. A barrel of oil today costs around $32. That’s up slightly from the mid-$20s last month, but still


4 Reasons You Should NOT Buy This Rally

The market appears to be bouncing. Last week my inbox was flooded with investment firms recommending I buy this dip in the market and load up on stocks for the


The U.S. Dollar Will Rise in the Next Crisis

The U.S. dollar is strong – really strong. It’s already become a major headwind for big tech companies that earn a boatload of their profits overseas. For one, a strong


Knockout! Why Big Tech Companies Stand to Lose This Year

Clocks, scales, and meat slicers. IBM sold all kinds of different items when the company started out a century ago. Back then, it looked nothing like the information and consulting


There’s Just Not That Much Reason to Be Positive About Earnings

Earnings season is in full swing. Companies have as much pressure as ever to churn out positive reports even if that’s not what’s reflective in the underlying business. And even