America’s free enterprise system was built on enterprise. Now, all that’s left is “free.” Not free, as in the freedom to work hard and prosper, but “free,” as in free…
Our Christmas List
Christmas is coming and we’re just happy that, in today’s post-politically correct world, we feel safe using that word again. “Happy Holidays” was such a blah, generic pronouncement, it was…
An IOU World
Investment performance made most investors a bit grumpy by the end of 2015, given that virtually every asset closed the year down a bit. During 2016, grumpiness is giving way…
Why Worry About Climate Change When You’re $18 Trillion in Debt?
Which crisis scares you more – climate change or our growing debt? Climate change certainly receives a lot more attention in the media and a lot more attention from politicians,…
Too Much Interest in Interest Rates
There has been much market panic of late over the possibility that the Federal Reserve Board will be raising interest rates sometime in the not-too-distant future. Small cap stocks were…
Only a Half Trillion Dollars
It’s a sign of how much trouble we’re in when a budget deficit of a half trillion dollars seems like fiscal restraint. It is progress, given that annual budget deficits…
Attention Deficit Capitalism
“Democracy would not be democracy, rule of the people, without at least a modicum of political attention and activity from its citizens.” …
We’re All Debtors Now
You’ve probably heard that corporate America is swimming in cash. Something like $4 trillion worth of it. And once corporate America starts spending it, the economy will boom again, jobs…
Breaking China
If the United States relies on China as its main lender, what happens when China is having difficulties with its debt? We may soon find out. As the Financial Times…