Cyber Security

"To err is human, but to really foul things up requires a computer."  Farmer's Almanac, 1978. Definition of Cyber: of, relating to, or involving computers or computer networks. In today's world, where practically everyone is digitally connected to everyone else via computer or at least cell phone, the need for cyber security has assumed tremendous […]

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Currency War

The concept of a currency war may sound odd, but such a war can have serious consequences and, in fact, we are currently in the midst of one. Therefore, it is worth while examining the nature of this conflict and its potential impact on the U.S. currency, economy, and stock and bond markets. While currencies […]

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Demographics – America’s Long-Term Advantage

There is one thing we know for certain about stock market returns: You can’t get them over the long term without economic growth. And economic growth doesn’t happen without either a growing labor force or improving productivity. At a time of positive but sluggish economic progress in the U.S. and recession in much of the […]

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2013 – The Year Ahead

The U. S. election is history, but substantial questions still remain. For investors there are three significant unknowns: the fate of the eurozone, the rate of Chinese economic growth, and of course, the eventual outcome of our own economic and fiscal difficulties. As we look forward, these issues are the likeliest sources of investment risk. […]

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Re-“Made in the U.S.A.” – the Coming Manufacturing Renaissance

Get ready to start learning some new buzzwords. In the next few years, “onshoring,” “reshoring,” and “insourcing” are going to become part of our economic lexicon, due to the fact that the U.S. is rapidly becoming the location of choice for new manufacturing facilities. This puts the lie to what has long been an article […]

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Energy Independence – More Than Just a Pipe Dream?

The world’s developed economies are struggling. At home we have enormous budget deficits and what can only be termed a dysfunctional government. Across the pond, the rather significant problems in the eurozone hit the headlines almost daily. Yet we are encouraged by several major longer-term developments, at least as they impact the United States. Our […]

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Housing – the Bubble, the Collapse, the Recovery?

Around the turn of the millennium, fueled by a perfect storm of ridiculously easy credit, non-existent government oversight, and basic human greed, a housing boom was born. By the end of 2006, the median price of existing homes had risen 67% to $225,000 and the National Association of Realtors housing affordability index had declined by […]

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2012 – The Year Ahead

The year 2011 saw little progress in the equities arena. The financial news has been discouraging. Our economy is growing, but far too slowly to put a meaningful dent in the high unemployment rate. The government’s debt load continues to swell and our elected officials seem incapable of implementing solutions. Additionally, the possibility of a […]

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“Water, water, every where, nor any drop to drink”

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What About Inflation?

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