• June 25, 2016

Thinking the Unthinkable

If buttercups buzz’d after the bee
If boats were on land, churches on sea
If ponies rode men and if grass ate the cows
And cats should be chased into holes by the mouse
If the mamas sold their babies
To the Gypsies for half a crown
If summer were spring
And the other way ‘round
Then all the world would be upside down!

– 17^th century English children’s song

“There are decades when nothing happens, and there are weeks when decades happen.”

– Vladimir Ilyich Ulyanov, alias Lenin

“For someone...

• June 19, 2016

Generational Chaos Ahead

“This generation of Americans has a rendezvous with destiny.”

– Franklin D. Roosevelt

“Each generation imagines itself to be more intelligent that the one that went before it, and wiser than the one that comes after it.”

– George Orwell

• June 11, 2016

Hot Summer Economic Weirdness

“A lost election can have the jolt of a drop through the gallows door, leading to a dark night of the soul in which the future presses down like a cloud that will never lift.”
– James Wolcott

 “Recession is when a neighbor loses his job. Depression is when you lose yours.”
– Ronald Reagan

• June 4, 2016

Your Portfolio Design: Assume the Fetal Position

Somehow in the last few months I found myself going from merely concerned about developed-world markets to outright advocating defensive positions. I thought some of the presentations at my Strategic Investment Conference would cheer me up. They did not.