The Trade War Comes Home: The Impact of Tariffs on Prices
World War II got off to a slow start. It officially began on September 1, 1939, with the invasion of Poland by German and Russian troops. The next advance was…
The 2019 Ruth Holmberg Arts Leadership Award
Warren Barnett was honored with the 2019 Ruth Holmberg Arts Leadership Award at the Hunter Museum of Art in Chattanooga TN. https://youtu.be/mguOXhoJsN8
Deficits Don’t Matter, Until They Do: Parsing the Current Thinking
This year, the federal government will run up a deficit of $900 billion. The total amount of debt outstanding is about $22 trillion, which is about the same size as…
2019 Forecast: It May Be Later Than You Think
After the sharp decline in December and equal recovery in January, investors can be forgiven for believing that the financial markets are back to normal after a slight hiccup. While…
Market Inefficiencies Redux: How Falling Prices Do Not Indicate Future Value
On the surface, it is irrational for people to clamor to buy stocks at their highs, and avoid them at their lows: same stocks, same companies, different prices. The change…
Living Through the First Correction In Ten Years
On a typical day, about one half of one percent of all shares of stock in this country changes hands. Depending on whether there are more sellers than buyers or…
Changing of the Guard: How Market Corrections Lead to New Favorites Going Forward
Regarding the overall market averages, October undid most of the progress for stocks for the calendar year. Regarding the stocks that have led the advance over the past five years,…
Focus on the Decade that Matters: The Next Ten Years
September 2018 has seen a plethora of stories regarding the tenth anniversary of the fall of Lehman Brothers, an investment firm that had been around for over 100 years before…
Think 2018 Elections Polarized? Look out to 2040: How Demographics Impacts Elections
Two of the past four presidential elections were settled in the electoral college, leading to wins of two candidates who did not collect the majority of votes overall but did…
Show of Hands: Who is Not the Offspring of Immigrants?
Except for Native American Indians and African-Americans brought here by force in slavery, everyone in this country has immigrant roots. The invectives lobbied against earlier waves of immigrants is a…