Chevy Chase plays Andy Farmer, a sportswriter who quits his job and buys a house in the country, where he plans to write a novel. The movie takes us through all four seasons in the small town of Redbud, Vermont, but it ends during the holidays when the Farmers’ charming Cape Cod is decorated with [...]
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Bernanke Confused By The Magic?
A magician knows creating the illusion of something happening will cause the brain to believe what the eyes are seeing is in fact happening, so goes the phrase seeing is believing. The headline parallel from illusory magic to the Federal Reserve lies in the tools of monetary and fiscal policy that the Fed wields in [...]
Did Fed Chair Bernanke Lie to America on 60 Minutes?
The answer to the question is technically no but substantively yes. There was much speculation before and has been even more speculation afterward as to why the fed chair “really” chose to appear on 60 Minutes. Bernanke emphatically stated that current actions by the Fed will not stimulate inflation because the Fed is in fact [...]
With Friends Like Wall Street Analysts and Washington Politicians, Who Needs Enemies?
Friday’s jobs report was such a bad miss its incomprehensible that none of the analysts I follow felt compelled to explain it. I found plenty of discussion of the ISM data, some comments on existing home sales, and merely one off the cuff remark suggesting that unemployment rates above 8% should cause core inflation to [...]
The U.S. Takes One Giant Step Toward Monetizing The Debt
While the average person finds more frustration than solace attempting to understand the actions of the Federal Government and its effects on the economy, I write this blog post to illuminate the fork in the road we are coming to, and explain the very significant differences in QE2 vs. the first round of quantitative easing [...]
The World is Flat… Remember?
Recently, I am noticing an extremely disturbing trend when it comes to global macro economists. Economists once counted on to look deeply into the future and help shape our understanding of interrelated data points and economies, have become so lazy that their work is on the verge of losing its value and utility. Perhaps their [...]
Tea Party or Chess?
The economy is essentially a chess game? Like pawns, rooks, and bishop pieces the majority of economic participants have no capacity to see plays developing early, so they unknowingly “play” reactionary chess by waiting for the “play” to be determined by their opponent (environment) rather than tactically developing their strategic stance with a move that [...]
Truth Can be Found In Macro Economic Inertia, by Art Doglione, President of Alpha Fiduciary
Basketball players know that you must watch the bellybutton, not the hands, eyes, or feet to know where a player is moving to. What can we watch for clues to what stocks will do? Macro economic inertia offers astute investors with a clear 30 thousand foot unobstructed view of the long term prospects for this highly volatile asset class.
You Are Here
Investors need a “you are here” label to gauge where they are and what lies ahead as they attempt to navigate their course safely toward acceptable rates of return in the financial markets. In this blog post I present up to the minute data from a multitude of disciplines that I hope will firmly affix [...]
Is The U.S. Economy Headed For A Double Dip?
In this week’s blog post, I felt it important given the daily one percent or greater volatility in the S&P 500 that we take a look at the underpinnings of our economy to help focus our attention to a light beacon we could depend on to bring us in safely. David Rosenberg is a highly [...]