Most Popular Articles on this site

All sorts of oddities crept into the economic data which came to light late in the fourth quarter, or soon thereafter, which -- if you're not careful -- will give you a false signal. I hope and believe that subscribers to this resource would never act on (or react to) such ephemera, because we know that if the client's goals haven't changed, you don't change the portfolio. That said, however, these quirks could alter your expectations in a very unhelpful way, if you let them....keep reading

1. I checked into a hotel the other night, to find in their pay-per-view movie ...
2. I quite stupidly neglected to mention, in last month's letter, the extraordinarily ...
3. And speaking of oil, no advisor should miss Gusher of Lies: The Dangerous ...
4. And still speaking of oil, treat yourself, time permitting, to The Teapot Dome ...
5. I admire just about everything Brian Wesbury does -- he's my favorite ...
6. Not at all surprisingly, I also loved the May 6 Journal op-ed essay "The ...

September 30, 2001 marked the end of the first calendar quarter of net liquidation of ......keep reading

Pop Quiz...keep reading

On December 11, 2003 the Dow Jones Industrial Average closed above 10,000 for the first time since May 2002. The final assault was apparently powered by the release, that day, of the minutes of October's FOMC meeting....keep reading

Resources...keep reading

1. Charles R. Morris is the best economic/market historian and thinker you've ...
2. I wrote last month that the real Katrina story was not just how badly government ...
3. The main point of my essay last month -- referred to above -- was the resiliency ...
4. Also well worth the investment of a good half hour is Fed governor Donald ...
5. A year and a half ago, I let my 1995 book On Becoming A Great Wholesaler go ...

1. Under the heading of oldies but goodies, a third -- and surely the best -- edition ...
2. It's been some years since I mentioned it, but recent events made me think ...
3. It isn't the subject most on everyone's mind these days, but Bernanke's major ...
4. One-volume biographies of truly great individuals are astonishingly hard to pull ...
5. The Davis Funds are doing a quite wonderful PowerPoint presentation called ...

"When capital spending fully recovers, its growth is likely to be less frenetic than that which characterized 1999 and early 2000 -- a...keep reading

As Trade Goes.. So Goes World GDP...keep reading

As the broad market indexes broke down to new five- and six-year lows on July 11, amid the most pervasive negative sentiment I can ever remember, I realized that my prayers had been answered....keep reading

Less Is Much, Much More...keep reading

Resources...keep reading

Nature is the ultimate engineer, building trees and flowers without fuss;...keep reading

A perfect storm of unhealthy developments has materialized in recent weeks: a precipitous weakening of the president's political position, the retreat of Congressional Republicans from pro-growth policies in advance of the fall elections, and the increased willingness of the opposition party to demagogue so-called "Bush tax cuts for the rich."...keep reading

1. Milton Friedman, who died last November 16th at 94, was the most important ...
2. Two very thoughtful and useful recent speeches by Fed governors on topics of ...
3. Under the present circumstances, you'd not want to miss a November 27 WSJ...
4. If only as a defense against the sea of drivel written about international ...

The first announcement of 4Q06 GDP growth -- at 3.5% -- may be subject to significant downward revision. But year-over-year, even downwardly revised fourth quarter growth will prove to have been very solid....keep reading

With the stock market 35% up from its lows, the VIX at 30, new jobless claims decelerating, housing probing for a bottom, global orders-to-inventory back near normal, interbank counterparty risk spreads settled back down, interest rates ticking up, oil reflating, the stress tests passed and banks looking to pay back that onerous TARP money, reasonable people are allowing themselves finally to ask: is it over? The answer is: it sure as hell better be....keep reading

Some weeks ago, I was engaged to deliver a keynote speech to a financial institution's annual conference for its representatives. Oh, by the way, said my contact, the lawyers need to see a copy of your speech....keep reading

One way or another, 2007 is likely to mark a turning point in the American economy, and most particularly in its markets....keep reading