Tim Wu, a Columbia University law professor, has an intriguing opinion article in the Sunday New York Times about the link between big business and fascism. He makes the case that a lack of anti-trust enforcement has contributed to the rise of populism around the world. I don't know...
No Place to Hide! Alhambra CEO Joe Calhoun talks about the disastrous close to last week's market, its causes, and results.
There’s been a lot of talk recently about the number of businesses that will not reopen after the coronavirus pandemic—businesses that were only surviving because customers walked in the door everyday—businesses that failed when customers were required to stay home. COVID-19 isn’t the cause of these business failures. It’s...
Have we entered a new bull market? Was the 35% pullback in the S&P 500 in March the fastest bear market in history? Or is this just a continuation of the bull market that started in 2009, interrupted by a rather large correction? Bull markets and bear markets are...
Alhambra CEO Joe Calhoun talks about last week's rise in bond yields and what it means.
Its fairly common for people to boast about their “winners”. Happens in all facets of life. I'm sure you have heard it… “My kid made Varsity basketball!" (and he's got a solid C average). "I won a 4 team parlay Sunday!" (and lost money every other week this season). And...
I am not a fan of bitcoin and the myriad other cryptocurrencies. No, I'm sorry if you bought the hype, but these things have no intrinsic value and they are not currencies. Not now and not in the future, at least not in their current form. Governments are not...
I have been a fan of Japan as an investment for quite a while now. Shinzo Abe's economic reforms are, for now, paying large dividends. There are questions of course about monetary policy as implemented by the inventors of Quantitative Easing, taking monetary policy where it has rarely been....