Perspectives

Posted: Monday, March 05, 2018
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 Hicks, who, a day after testifying before the House Intelligence Committee, decided that the job wasn’t worth the candle of stonewalling and perhaps even going down...
Filed Under: Perspectives
Posted: Wednesday, February 07, 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 19, 1987. On that day, the Dow Jones Industrial Averages declined on volumes that the exchanges could not accommodate. The decline was from a far lower level...
Filed Under: Perspectives
Posted: Monday, January 08, 2018
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 are available to acquire something”. To a lesser extent, it also refers to the cost of money. If money is restricted as to what it can buy, then the cost of...
Filed Under: Perspectives
Posted: Monday, October 30, 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 Average plunged over 20 percent in a day. Ten years ago, the market hit what was then a peak before declining 35 percent over the next twelve months. Two major...
Filed Under: Perspectives
Posted: Thursday, September 07, 2017
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 this weekend. Hurricane Jose is waiting the wings, to come next week. Just as there are no atheists in foxholes, there are no conservatives when...
Filed Under: Perspectives
Posted: Monday, July 31, 2017
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, the president is currently calling for yet another vote on the topic. More rational members of his team feel that coming back to the matter so soon after the 49-51 vote...
Filed Under: Perspectives