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Forecasts

I’m NOT a Bull!

On December 13, Denzel Washington hit the nail on the head when he said: If you don’t read the newspaper, you’re uninformed. If you DO read the paper, you’re misinformed…

Central Banks

The Fed Hiked Rate! So What?

As expected the Fed hiked the federal funds rate in their policy announcement following yesterday’s meeting. This was expected – I mentioned the near certainty back on November 21 –

Forecasts

This Blow-Off Trump Rally Looks Real (Damn It!)

Between late 2014 and November 2016, the markets went nowhere. They made no more than a few, very minor, new highs. It looked like a classic head-and-shoulders, rounded-top pattern, with

Innovation

Trump: You’re Fired

The President-elect just fired a member of his transition team for tweeting fake news and the Internet is in an uproar. Yes, the King of Social Media just got real

Economy

Put Down Your Phone, the Adults are Talking

Dear John, One of my favorite books is the Tao of Pooh – seriously! Have you heard of it? It teaches the Eastern philosophy of Taoism through the story of

Unemployment

Taking a Closer Look at the Latest Employment Numbers

Last week the Bureau of Labor Statistics reported that the U.S. economy created 178,000 jobs – with 156,000 in the private sector and 22,000 in government – which is right

Central Banks

Who’s On Deck at the Fed?

You may remember that in early September I wrote about the Federal Open Market Committee (FOMC) – basically, the Fed officials who vote on monetary and interest rate policies, which

Innovation

Our Shopping Habits Say Something About Us

Thanksgiving is officially in our rearview mirror, and all I have to show for it is about five more pounds on the scale and a new belt loop going in

Economy

Life’s Too Short to Lose Your Head in a Walmart Parking Lot at 3 A.M.

I like saving money. A lot. In fact, I’m a cheapskate and actually take pride in my stinginess. But you won’t see me fighting the crowds on Black Friday. Not

Economy

Who Wins and Who Loses in a Global Trade War?

My research in recent months has focused increasingly on how the surprise Brexit vote and Trump’s victory are actually not that surprising after all. They’re a clear sign of a