Looking Backwards LB #1 It’s been a couple weeks since Donny T announced that the US was going to set the rules for world trade, the T standing for tariffs, of course. It is a risky maneuver. It reminds me of another risky maneuver. 38 years ago, a scrappy bunch of ballplayers on the shore …
Well, the world is still here after two of the craziest weeks in recent memory. However, we are neither out of the woods nor doing well. If the largest total tax hikes in 50 years don’t piss you off how about having your currency also fall 10%. David Lynch writes for the Washington Post, “The …
Looking Backwards LB #1 A lot has happened since we wrote about the Treasury market. Sure enough, right after I published Tuesday night the market zoomed passed the 4.35% at the time of writing all the way up to 4.50%. The 30 year bond reached 5%. Then “something happened” and it settled down overnight and …
It is Tuesday night, do you know what your President is tweeting? This is the new economic analysis. It is the only thing the markets are really waiting for and paying attention to. Jobs reports, unimportant. Earnings, so last month’s news. Inflation, doesn’t matter. If the tariffs stay on or not determines inflation. Seldom in …
Looking Backwards LB #1 “Well, I didn’t think you had it in you. I’m your huckleberry.” One of the most iconic lines in recent cinema was uttered by Val Kilmer in his iconic role as western legend Doc Holiday. Kilmer passed away this week after a long battle with throat cancer. Donald J. Trump stepped …
I felt like a turn to an unfamiliar topic this week that was both long overdue and I’m still feeling the effects of the Trump Tariffs and Politico talk that I want a break from. I want to talk about housing as the 10-year interest rate has dropped about 50 basis points driving mortgage rates …
Looking Backwards … LB #1 “Stroke of the pen, law of the land. Kinda cool.” Paul Begala Ron Paul, Rand Paul’s father, tells the story of Paul Begala’s reaction to executive orders while working for President Clinton as a political adviser. In fact, Paul writes in his book End the Fed, “Begala, of course, was …
Don’t throw caution to the wind when investing, on the contrary you want to listen closely when the breezes blow through the treezes. In Warren Buffet’s letter to his investors in 1959 he makes this observation about the stock market and the exuberance the market was showing, “However, I do believe that wide-spread public belief …
Looking Backwards … LB #1 The easiest way it seems to be in the Donald Trump government is to have a job at Fox News first and say things that agree with Trump. Who knows, you might even get to be Secretary of Defense. The other way is to write a really big check. Ben …
Back in November I wrote about BYD and how it was winning the global car race. “BYD stands for capitalism. Wang Chuanfu is the scientist who started this company way back in the 1990s. It started as a battery company and then in 2003 he moved to making cars. I had heard of BYD briefly …