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 …
Looking Backwards … LB #1 There are some unhappy people with the United States and our government’s actions lately. The nicest people in the world, the Canadians, are up in arms and booing the US national anthem. If I was to have a sanity check for good moral behavior, I would probably ask a Canadian …
“And shepherds we shall be, for Thee, my Lord, for Thee. Power hath descended forth from Thy hand, that our feet may swiftly carry out Thy command. So we shall flow a river forth to Thee and teeming with souls shall it ever be. E nomini patri, et Fili e spiritu sancti. “ This is …
Looking Backwards … LB #1 Well, it seems everyone is talking recession this week which means we are probably right in the middle of one and they are just figuring it out. This from ZeroHedge, “A recession is imminent…The Atlanta Fed’s GDPNOW model – forecasting US economic growth – just downgraded its estimate of Q1 …
Here is what the venerable old sage C Thomas Printer wrote on Feb. 2, 2025 regarding the 25% tariffs on Canada and the impact to the auto industry. “Legacy automakers have had 25 years of factory production, free trade agreements, and in 25 days decades of capital planning go out the window. If you think …