I discussed New York Community Bank on Looking Backwards Looking Forwards this week and I was all set to write about a different topic, but when the facts change sometimes you have to change your mind and that is what happened to me today. Last Wednesday NYCB was down 38% after posting a huge 4th …
Bygone Relics
This is called the Wendy Peffercorn allegory- There was a movie set in 1962 Los Angeles about a group of young kids playing neighborhood baseball called the Sandlot. This movie captured the innocence of childhood, how great baseball used to be before the analytics made it a bore, and it taught us the power of …
The NBER, National Bureau of Economic Research Business Cycle Dating Committee, dating committee? is the official organization that calls recessions and here is how they define recessions “A recession involves a significant decline in economic activity that is spread across the economy and lasts more than a few months.” The definition used to be 2 …
“Do you know, one of the great problems of our age is that we are governed by people who care more about feelings than they do about thoughts and ideas. “ Margaret Thatcher in The Iron Lady I was flipping through the Forbes magazine recently and I came across an article that I want to …
We often talk high finance or economics or even look into the activities or habits of people that we think we can learn from but today I would like to veer from the straight and narrow to discuss something that I didn’t expect needing to talk about- safety. I can’t believe that we have to …
Welcome to 2024! Today is our second annual forecast where I say things that will not happen in the future. This is a very popular tradition this time of year amongst sports bettors, market analysts, economists, and astrologers. Oh boy, I think I just lost our Capricorn crowd, but we must push on. In preparation …
I apologize about the double header, but it is the holiday week and I know none of you are actually doing any work anyway so you have plenty of time to listen to our conclusion to the mystery of the magical Christmas rally of 2023. “China has its route to Europe on the Silk Road …
Much like a rerun of Baywatch, I got a little cheeky last week discussing Old Man River Joe Biden. Do we really think that he hoodwinked the world and whipped inflation, lowered interest rates, found a buyer for the bond markets, cured cancer, and won Dancing with the Stars all while showing the Saudi Crown …
Last week after writing my tour de force against technology and AI, I pushed myself back from my typewriter and went outside and hitched up my two horse team to my buckboard and went for a ride in the country. Sometimes when I am analyzing markets and world events, it is easy to say I …
I’ve been told that AI stands for Artificial intelligence, is that like I can’t believe its not butter, because that is not butter and I am beginning to think AI is not intelligence. OAN’s Brooke Mallory wrote an article this week about AI use in Carl’s Jr, Hardee’s, Del Taco, and Checkers. Presto Automation offers …