Why There is no Such Thing As a “Lovely Little Trade War”: The President Plays with Fire
As it is told by the usual “unnamed sources”, the President started last Thursday in a foul mood. He had just lost his confidant, Hope
Back When a 500 Point Decline Meant Something: 1987 vs. 2018
Those of us who have been around a while recall, seldom fondly, the 500 point decline in the Dow Jones Industrial Averages on Monday, October
As the Liquidity Tide Goes Out: 2018 Market Predictions
For many, the concept of liquidity is a bit hard to grasp. In essence, liquidity, as it refers to financial markets, means, “the funds that
Happy Anniversary: 1987, 2007, and 2017
What is it about years that end in seven? Thirty years ago, in October 1987, the stock market as measured by the Dow Jones Industrial
The New Government Stimulus Program: How Major Hurricanes Lead to Higher Infrastructure Spending
Who knew hurricanes came in threes? After the devastation of Hurricane Harvey last week, at this writing, we await the landing of Hurricane Irma sometime
After the Health Care Donnybrook, Tax Changes Will be Even Harder to Pull Off
After last week’s ignoble (for those who wanted it) defeat of the effort to restrict and reduce the cost of health care in the US,
