As the summer wears on and discontent grows, I expect calls will be louder and louder for additional stimulus from Congressional Democrats to put more Americans to work.   Read More

I have been warning clients for about two months that the mid-June-mid-October time period is the danger zone for a mood shift, and it looks like we're on schedule.   Read More

The bright idea of turning to Washington for help is going to be a big problem for President Obama. If the car companies can get bailed out how do you tell California to drop dead when the state has 56 electoral college votes as my partner Greg Valliere has often stated.    Read More

Household debt is "down" to 130% of disposable income. "Down" is a relative term. It was 134% recently. But it was half the current level as recently as the mid-1980's. Total debt in the U.S. (all debt including the government) stands at about 360% of Gross Domestic Product.   Read More

We've recently received questions from clients that go something like this, "If you are so nervous about the stock market after it has run-up 40% in 3 months, why do I have only 10%-15% cash in my equity portfolio?"    Read More

I think Ben Bernanke knows the way out of what could be an inflationary mess, with all the stimulus that is being introduced....I think he knows the way out, and we should let him take it. I'm fearful that the Chairmanship of the Federal Reserve is going to be politicized, and, while we are not worried about near-term inflation, we sure better have a guy who knows the way out when the time comes.    Read More

As green shoots continue to pop up and give hope that a depression has been avoided, it's important to recognize that there still are significant headwinds facing the U.S. and global economy. There's a real chance that we may face a menace that proved to be destructive for investors portfolios decades ago: Stagflation   Read More

The US Dollar Index, which averages the exchange rates between the US dollar and six major world currencies, has fallen over 10 percent since the high on March 5, 2009.    Read More

Investors are reeling from the latest investment bubble to burst — long-term Treasury bonds. With mutual fund managers and investors absorbing losses of more than 15% on supposedly safe assets, this highlights the perils in fear-based investing.   Read More

Does anybody really believe that adding 50 million people to the public health-care rolls will not cost the government more money? About $1.5 trillion to $2 trillion more? At least.    Read More