Before you invest, let us investigate.
Macroeconomic Thoughts - April 2018 The best laid plans of mice and men… Approximately one year ago I sent a letter noting my intention to resume providing you with occasional macroeconomic updates. As you may have noticed, that had not happened as of the time of this letter. I... Read More
/
An Important Divergence in Housing Note the divergence between lumber prices and the Homebuilders ETF in the chart below. Unless lumber is about to make a mad dash in price to catch up with the surge in the Homebuilders ETF, the drop in lumber futures suggests that either a) we have... Read More
/
A Quick Take on the Cyprus Mess Just in case you have not heard, the European Union, in their exceedingly finite wisdom, suggested a one-time tax on Cyprus depositors in order for Cyprus's banking system to receive a bailout. Ah, the joys of being a part of the Euro! Let's put this... Read More
/
The Potential Impact of Sequestration Sequestration is set to go in effect tomorrow (March 1) unless Congress and the President deem otherwise. If sequestration goes into effect as is, it is purported to result in across-the-board spending cuts of $1.2 Trillion over the next 10 years. ... Read More
/
Shifting Safe Havens Dylan Grice of Societe Generale wrote a piece recently making the case for there always being a safe haven somewhere, though, sometimes the source of safe havens change. The article boiled down to an observation that the source of safe havens may be Read More
/
Nifty Population Growth Mapping Tool I have recently discovered a very useful population and demographic mapping tool that visually displays the areas of population growth and decline all the way down to the census tract level. The information tracks the net changes over a 10 year period... Read More
/