You get what you pay for.

A rebuttal to Northern Trust

Reconnecting disconnected markets

The stock selloff we’ve been waiting for weeks for has finally arrived.

Elon Musk: Time to break up Amazon. Monopolies are wrong!

Answering Mark Hulbert’s argument.

Return of the bear.

The recipe for a free lunch.

The logical extension of negative interest rates?

We use it all the time, but don’t stop to think about what it is.

When we will get back to normal is far less important than what normal we get back to.

Thoughts from a multihanded economist.

In the short run, it’s COVID-19. In the long run, it’s less obvious.

Are we overlooking a great many job openings?

Freedom works.

It’s a bear market rally.

The Coronavirus Relief Package is signed into law. But it should come with a warning label.

It was only a matter of time…

Rev up the virtual printing presses.

Coronavirus is the catalyst, not the cause, of the current financial crisis.

The yield curve fully uninverts.

Another Black Monday.

2008 Redux?

Are you diversified?

Some thoughts on the financial implications of the coronavirus plague.

Observations of narrowing stock leadership may already be obsolete.

Will last year’s record bond prices be broken?

Beware pat answers from the financial news media.

More about navigating the 2020s.

More about navigating the 2020s.

More about navigating the 2020s.

Handicapping the financial markets for the decade.

A review of current major market trends and outlook for the 2020s.

The yield curve inverts from end to end.

Has the free trade paradigm overlooked something?

Towards A New Monetary Paradigm

Why do most stocks pay dividends, and why do investors want them?

Dark omens from the bond market.

Long term trends remain stable as short term trends gyrate.