Is $2 Trillion Worth of Stimulus a “Nuclear Bomb” — or a Mattress in a Volcano?
A $2 trillion emergency relief bill passed in the U.S. Senate by unanimous vote on Thursday. The bill is likely to pass in the…
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Self-Delusion is Not a Valid Coping Mechanism
Self-delusion is not a valid coping mechanism. In order to protect their capital, investors should remember this at all times. In the midst of…
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The Four Things America Needs to Beat the Pandemic (and Save the Economy, Too)
The coronavirus pandemic is not just one global crisis. It is actually two distinct crises rolled into one. On the one hand, there is…
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The Day the Fed Went to Infinity — and Markets Didn’t Care
The Federal Reserve went to infinity, and markets didn’t care. It’s hard to say which part of that statement is more remarkable.
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Why Mental Capital is Just as Important as Financial Capital
Investment success depends on two types of capital, financial and mental. We are all familiar with financial capital. This is what goes in…
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America and the World Will Never Be the Same
Vladimir Ilyich Lenin once said: “There are decades where nothing happens; and there are weeks where decades happen.” We are living through one of…
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U.S. Treasury Bonds are the Most Important Market in the World Right Now
The most important market to watch right now might be 30-year U.S. Treasury Bonds, known as “long bonds.” Treasury bonds are supposed…
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Congratulations: You Survived the Wildest Market Conditions Since 1929
Have you ever wondered what the 1929 stock market crash was like? Have you ever imagined how it might feel, as an…
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You Don’t Need to Hoard Food or Empty Your Bank Account
Thucydides, an Athenian general and historian from the fifth century B.C., has words of wisdom that apply well in a time of crisis. Here…
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The Next Two Weeks are on High Alert for Crash Risk
The next two weeks have heightened “crash risk” for various reasons. While vigilance is always a good idea, it makes sense to be even…
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