When Euphoria Turns to Phoria
Are the financial markets in a current state of euphoria with a commensurate risk of a market downturn? Various metrics strongly indicate as such.
What Stops the Stock Market Rally?
In terms of magnitude and shortness of time, the stock market rally since its March lows has been unparalleled.
The Kitchen Sink
April, 2020 By late January, the die was cast: the virus had a name, it had reached our shores, travel screenings and restrictions were in place, and while not yet declared a pandemic, the World Health Organization declared COVID-19 a “Public Health Emergency of International Concern.” Yet complacency reigned within financial markets. The stock market […]
SOMA for the Masses
Soma is a government-provided drug which helps people escape the real world by artificially enhancing their joy, arousal, and overall sense of well-being.
The Tariffying Prospect of a Trade War
If the trade war escalates, can it directly cause a U.S economic recession? Many mainstream pundits, citing the infamous Smoot-Hawley Act of 1930, warn as such.
complacency (noun): a feeling of quiet pleasure or security, often while unaware of some potential danger, defect, or the like.
Defense Wins Games
Football fans always get excited about offensive prowess, but they also know that when it counts, it is the defense that wins games.
Lies, Damned Lies, and Government Statistics
There are three kinds of lies: lies, damned lies, and statistics. – Mark Twain, 1906
Commemoration of a Canard
In the spirit of commemoration, we cannot allow the 42nd anniversary of Nixon’s speech go without comment.
The January 2021 Presidential Election Winners: President Pence and Vice President Harris?
No, the general election on November 3rd will not be postponed, but the future President of the United States may be elected by a different group of voters on a much later date – and it may happen after the new Congress convenes on or around January 3rd.