The fact that we are currently experiencing a severe recession generates little “shock value” to most of us by now. We have read about and heard about the weakening state of the economy for the past 18 months. We have witnessed a 50 percent drop in the overall stock market. While not everybody has reached …
Apr. 2009 – The Next Bull Market – Don’t Blink or You’ll Miss It Read More »
Though the bear market that began last year will be remembered as one of the most severe in history, financial crises ultimately come and go. The financial services industry on the other hand, has been permanently altered. The bear market of 2008 will come to be regarded as a watershed year that triggered an investor …
News of impending hyper-inflation is everywhere. Fund managers, financial bloggers and economic commentators are showcasing their “inflationsniffing” bona fi des and providing insight on how to confront this specter. Notably, Universa Investments, a fund associated with Nassim N. Taleb, best selling author of The Black Swan, has launched the “Black Swan Protection Protocol Inflation fund” …
Jun. 2009 – Price Inflation and TIPS: Expecting the Unexpected Read More »
Last month we described Treasury Inflation Protected Securities (TIPS). We recommended these securities for those investors who are concerned, in particular, with the potential for a loss in portfolio purchasing power due to unexpected price inflation, that is, the possibility that actual price inflation might exceed the inflation protection “built in” to the prices of …
The chorus of concern over projected federal deficits has grown louder in recent weeks. Warren Buffett sounded the alarm in a New York Times commentary in which he wrote that, “unchecked greenback emissions will certainly cause the purchasing power of currency to melt” and that the “dollar’s destiny lies with Congress”. In the August Ten …
Aug. 2009 – “Greenback Emissions” and a Cloudy Fiscal Forecast Read More »
“Gold should also have modern appeal in a world increasingly suspicious of central planning. The gold standard is an automatic mechanism, operated in a decentralized manner that coordinates the self-interest of all market participants. As such, gold is uniquely equipped to accommodate the greater sophistication and complexity that come with globally integrated markets. In contrast, …
The next time you encounter a “talking head” pontificating about “where investors should be during this phase of the business cycle,” reach for the remote. During recessions the financial media invariably fixate on whether recovery has begun and what that portends for investors. However, economic indicators in fact provide no information that is useful with …
Oct. 2009 – Economic Indicators, Tea Leaves, etc. Read More »
From time to time it falls upon us to pull away the punch bowl just when the party is in full swing. To that end we remind our readers that gold, now at an all time high, is by far the most volatile of our recommended asset classes. Our target allocations exist to ensure discipline, …
“Federal Reserve Chairman Alan Greenspan said the central bank is already developing plans for a world without Treasury securities and gave members of the bond industry something of a nudge to begin their own planning. . . . Mr. Greenspan expressed confidence that worker-productivity gains will continue, enabling the nation’s debts to be paid off …
2009 Investment Guide.log
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