Relax and leave your volume as is, there will be no F-bombs this week. Cussing is for emphasis and if you overuse it then it loses its effectiveness. No today will be expletive free, but my goodness we got a lesson in pragmatism from one Mr. Putin this week. Tucker Carlson interviewed Vladimir Putin, I’m …
Looking Backwards … LB #1 This week the border bill died in Congress. This was going to be linked to Ukraine aid, aid for Israel, and then provide money for securing the border. I’m not sure how secure it was going to be with a daily quota of crossers which I saw was in one …
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 …
I can no longer in good conscience discuss LIV Golf any further. I have watched Jon Rahm go from bad mouthing LIV Golf to getting the LIV golf world thrown at him. He has his own team and is the lead story. Rory McIlroy is now saying that he is fine with LIV. Stop, just …
Looking Backwards … LB #1 This week was a firehose of financial news. The Fed meeting resulted in the Fed leaving interest rates alone, but Jerome Powell said that a March rate cut was probably off the table. Treasuries were strong early in the week after seeing the Treasury refunding announcement, more on that in …
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 …
Looking Backwards … LB #1 I usually find politics distasteful, I think it is a bought and paid for sordid business, but sometimes it just leaps out and demands your attention and this is one of those weeks. There are some very courageous people who are pushing back against their federal governments and the institutional …
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 …
Looking Backwards … LB #1 The rally from the end of last year was back this week, or at least at the end of this week. The S&P 500 powered to a new record and it was driven by the magnificent 7 less Tesla, more on them in a minute. The people are continuing to …
“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 …