Something doesn’t add up and it smells. If you read Fool me Twice you’ve probably sensed that I’m not all that convinced by the “there won’t be a recession” line of argument. […]

As with many terminal patients the initial hope is that aggressive treatment would work and cure the patient. But when the one time emergency round of drugs didn’t cure the patient additional […]

James Madison: “We are free today substantially but the day will come when our Republic will be an impossibility. It will be an impossibility because wealth will be concentrated in the hands of […]

Will dovish central bankers trump fundamentals? Do fundamentals actually matter? Answers to these questions will decide the direction of the larger price range in 2019. What have we learned over the past […]

Complacency is back and comes in the form of recession denial in the face of global slowing data. We didn’t see the slowdown coming but we are confident it will not produce […]

The current government shutdown (the longest in history) comes with a hidden revelation: Millions of Americans are financially unprepared for the next economic downturn. Worse, they are highly vulnerable with few protections. […]

Lots of “bottom is in” calls these days after the 10%+ rally off of the December lows. I remain on the open minded train train awaiting for more evidence on the technical […]

For years critics of central bank policy have been dismissed as negative nellies, but the ugly truth is staring us all in the face: Market advances remain a game of artificial liquidity […]

Ok guys, here it is: Instructions on how to transition to the login membership site. 2 step process for you, 3 step process for me. It is actually quite simple, but involves […]

An open letter to investors, traders and pundits alike and a reminder to myself: Everybody will be wrong at some point or another. Markets are boss and will ultimately humble you. This […]