Random gleanings from the world of business, investments and economics: October 3-7, 2016 No spring nor summer’s beauty hath such grace As I have seen in one Autumnal face…. John Donne, “Elegy IX: The Autumnal”33 Frankly we’re glad to be Done with it: the hottest summer in recorded world history. How hot was…
Random gleanings from the world of business, investments and economics: September 6-9, 2016 “Investing should be like watching paint dry or watching grass grow.” – Paul Samuelson This week “watching paint dry” nailed it. We’re referring to the earnings calendar. How slow will it be in the week after Labor Day? The biggest earnings story on…
The Dog Days are Done Sirius rises late in the dark, liquid sky On summer nights, star of stars, Orion’s Dog they call it, brightest Of all, but an evil portent, bringing heat And fevers to suffering humanity – Homer, The Illiad The Dog Days are finally over. According to The Old Farmer’s Almanac, the…
Random gleanings from the world of business, investments and economics Remembering June: A Tale of Two Cities “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was…
Random gleanings from the world of business, investments and economics May 2016: Long Odds in Soccer, Baseball and Stocks “Anytime you have a 50-50 chance of getting something right, there’s a 90% probability you’ll get it wrong.” – Andy Rooney. Leicester Won! May was a month made for long odds. Early in May the Leicester…
“Money is gold, and nothing else” — J.P. Morgan During 1Q 2016 the price of gold advanced from $1,061 to $1,233 per ounce, a run of 16%. Beginning in January, foreign central banks employed even more aggressive monetary policies, with the Bank of Japan following Europe’s lead in implementing negative interest rate policy (NIRP). Meanwhile…
Random gleanings from the world of business, investments and economics April Fed Meeting Edition “Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” – Sam Ewing “Interest rates won’t go up until they do’”, announced the Federal Reserve Open Market Committee…