Perspectives

Posted: Friday, March 31, 2017
Investors are constantly looking for the equivalent of the philosopher’s stone. In the middle ages, such a stone was reputed to turn base metals (like lead) into gold. While many a chemist died from the fumes created from such experiments, no one thought to ask the question: if anyone had been...
Posted: Friday, February 24, 2017
This week, members of congress are supposedly spending a recess to converse with town hall voters in their respective districts. Like eight years ago, that is not exactly happening. In 2009, President Obama unveiled his Affordable Care Act (ACA) which set off a firestorm of pushback from voters...
Posted: Friday, December 30, 2016
The end of a year and the start of another tend to get the mind to focus on milestones, even if they are arbitrary, set by the calendar. Normally, forecasting falls back on either extrapolation of recent trends or an analysis of potential changes to those same trends, based on things seen in the...
Posted: Wednesday, November 30, 2016
In the nineteenth century, the English poet John Godfrey Saxe penned The Blind Men and the Elephant. The poem was based on an Indian fable, which recorded the different impressions each of six blind men had of an elephant, depending on which part of the animal they came into contact. One blind man...
Posted: Monday, October 31, 2016
As the Presidential election enters its final week, it is worth considering which parts of the stock market are helped by which political party. In the aggregate, the stock market has done better under a Democratic president than a Republican one. However, this statistic tells relatively little in...
Posted: Friday, September 30, 2016
As this election draws to a close, an effort to establish historic parallels is insightful.  It would seem that this race most closely approximates the 1828 election between John Adams and Andrew Jackson. Aside from the fact that Adams was running for re-election, the contrasts take familiar...