Jan 18, 2012
I was watching CNBC's Squawk on the Street the other day and one of the people on the show, I forgot who, asked a very good question about the European debt crisis.
The question was: Why doesn t the ECB just put a cap on the interest rate of Italian 10-year bonds of 7...
Dec 28, 2011
I like traditions.In Washington, D.C., there are some great holiday traditions.I like to visit the Christmas trees at the Capitol and White House with my kids every year.We follow that with hot chocolate at the Willard Hotel.
We have also added the really cool model train...
Dec 15, 2011
One day it s up, the next day it s down.That s what the stock market has been like lately. Reminds you of someone who is a bit manic-depressive.
And that s an apt analogy because the market does have a personality and is heavily driven by psychology right...
Nov 30, 2011
Well here we are.I have said all along that the European debt crisis is not a Greek, Irish or Portuguese problem, but an Italian and Spanish problem.
That s because if the Greek crisis spreads to Spain and Italy, the size of the Italian and Spanish debt is enough to bring...
Oct 19, 2011
In my last blog, I commented on a recent Wall Street Journal article entitled Pivot Point that discussed how the stock market mentality is changing to become more negative on stocks as a long-term source of portfolio growth.
I think that article is touching on a much...
Sep 28, 2011
An article in Monday s edition of the Wall Street Journal (Sept. 26) caught my eye.It was called Pivot Point:Investors Lose Faith in Stocks.
The article went on to discuss just what the title said, that investors were pulling money out of stocks.
It said, In a...
Aug 24, 2011
That s right; gold is showing real signs of finally decoupling from other risky assets, most notably stocks.
De-coupling is the action word here, not decoupled. Gold hasn t de-coupled yet, but the recent financial market instabilities in the wake of the debt ceiling...
Aug 3, 2011
During the debt ceiling debate, a lot of criticism was thrown at Tea Party members for holding up a compromise.No question that focusing so much on cutting spending rather than blindly raising the debt ceiling, as we have done for so many years, made it harder to raise the...