Month

“Not a week goes by without someone extolling the virtues of the equity market because there’s no credible investment alternative with interest rates near zero,” said Stanley Druckenmiller, the investing legend. “If one applied the average interest rate settings of Volker and Greenspan using standard Taylor rules, today’s Fed Funds rate would be 3%; this is the least data-dependent Fed in history,” he continued. “Thi

Hope all goes well… “Amazon and Facebook are two of the top GDP destroyers,” said Lithium, hands-free on Highway 1. “They’re run by brilliant guys, obsessed with innovation, creative destruction.” Their earnings were great; frightening for competitors. “Apple was a GDP destroyer, but no longer, they’re too large, they’ve saturated the market.” Apple’s performance sucked tailpipe. “Think deeply about what these earnin

Overall: “We have created new tools to determine whether an economy may be pursuing foreign exchange policies that could give it an unfair competitive advantage against the United States,” announced the Treasury, late Friday. “China, Japan, Germany, and Korea will be closely monitored as a result of a material current account surplus combined with a significant bilateral trade surplus with the United States. Taiwan w

“Best day of my life,” said Jackson, my oldest, fresh off the field, eyes ablaze. I smiled, seeing something new, asked him to explain what happened out there. “It’s hard to describe,” he quickly replied, then went quiet, considering, processing. “Coach Coleman told me to stop waiting for perfect shots, and start taking imperfect ones. Which didn’t make much sense, and made me nervous because I didn’t want to screw u