06-JUNE 02-2021

SportsGood morning.
There are many important ideas and guidelines to bear in mind when investing.  As for strict rules, there really aren’t that many, as every market, sector, and situation is different, no matter how slight.
But if we had to come up with a Rule #1, it would be to expect the unexpected.  Right now, markets have spent a few weeks fretting over inflation.  That may continue depending on what macroeconomic data comes out in June.  But it’s also clear from the market’s more sideways rather than down move over the past few weeks that the unexpected thing for markets to do – head even higher – may be something to expect.

Now here’s the rest of the news:

Inflation Is a Dangerous Way to Get Rid of Debt Burdens –Richard M. Ebeling,AIER
It has long been understood that price inflation is a form of tax.  Price inflation affects everyone, and it is far more arbitrary and painful in its effects on individuals… [Read Here]

June 02, 2020

CovidGood morning.
There are so many reasons to want to throw shade on the rally in the market.  Economic data, a pandemic, riots and looting, companies selling significant shares of their own stock and on down the line.  If you add all of them up, do you come up with $3 trillion.  That’s the amount the Fed’s balance sheet has expanded since last September.

Now here’s the rest of the news:

It’s The End of the World (and Investors Feel Fine)
The news headlines are horrific but investors seem unflappable.  It brings to my mind the title of this classic R.E.M. song: It’s The End Of The World As We Know It (And I Feel Fine).
American cities are ablaze with violent protests, a deadly pandemic bedevils the world and the Presi-dent ot the United States was sequestered yesterday in an underground White House bunker to pro-tect him from rioters.
Wall Street’s response to this dystopian tableau?  A collective shrug.
The three main U.S. stock market indices all closed in the green yesterday, with the Dow Jones Indus-trial Average up by almost 100 points.  As of this writing Tuesday morning, the three indices are poised to open higher.
The disconnect between stocks and political-economic realities is striking.  Let’s look at the latest data for clues.  Perhaps a day of reckoning awaits, or maybe the optimism is justified…

June 02, 2019

Thought I would share my ride across town this morning when I woke to a flat tire on my “Caddy”.

All is well, AMA were called to change the tire on the Caddy… 🙂

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Come From Aways, Do You?

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