Section I Everyone knows the old adage: “the more things change, the more they stay the same.” This was particularly true in the markets this week, as stocks just kept on climbing after we changed the…
Category: Economically Speaking
Over the past week, even on Christmas Day, I have been inundated with emails detailing things people should do before the end of the year in light of the recent tax legislation. Many of the so-called…
I have read numerous articles which asked the following question in a number of different ways: Does corporate America really need a tax cut? After all, big business pays a lot of people the big bucks to…
Section I: Last night, I made an economic presentation to the Tuscaloosa Estate Planning Council at the Indian Hills Country Club. This group has asked me to speak 3 or 4 times over the last decade,…
In case you didn’t pick up the November 7th copy of Pravda, you might have missed the 100th anniversary of the Bolshevik Revolution. This was ultimate act in a year of great turmoil within Russia which…
Last week, I made a presentation about the current health of the economy and markets to a group of folks in Birmingham. Not surprisingly, I got a “what if” question about North Korea. You know — what if Kim…
Although I don’t consider myself a codger, I have recently found myself saying things like: “when I was a kid” or “I am old enough to remember when.” You know, the sort of stuff that makes…
One of my wife’s co-workers recently turned us onto a PBS Masterpiece series entitled ‘Poldark.’ As an aside, in case you didn’t already know, Masterpiece is a code word for: 1) originally produced by and aired…
A few years ago, my daughter asked me some detailed questions regarding the Vietnam War. Let’s just say I wasn’t as knowledgeable or detailed as she would have liked. So much so, I had to defend…
I started in this industry working on a buy-side bond trading desk, as well as managing money market and municipal bond funds. My employer in Baltimore had some pretty strict credit standards, and, as a result,…