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Monthly Archives: December 2013
Big Bucks in the War on Poverty
With the poverty rate stuck at 15% for an unprecedented three straight years, everyone is worried about the rise in poverty under Barack Obama. The New York Times just published a book-length expose of the travails of Dasani, a bright … Continue reading
Shame of the (Democratic) Cities
On the Sunday shows Newt Gingrich made a telling point that Republicans should take to heart. After Robert Reich lamely defended the “War on Poverty” as “successful for a time,” Gingrich observed that “Every major city which is a center … Continue reading
Strategists’ Unnerving Unanimity Suggests Rising Volatility, but We Stay Positive as Investors Reach for Yield
It is getting harder to forecast the direction of the stock market. A year ago there were still plenty of bears around and we expected the market to rise as cautious strategists, one by one, threw in the towel. Investors … Continue reading
“If you like your current plan and doctor, vote Republican” – 13 Reasons Why ObamaCare Will Be Repealed
That is not a bold prediction, just common sense. To address a limited problem—40 million people lacked health insurance, often by their own choosing—the ACA screwed up the entire U.S. health insurance and healthcare systems, severely damaging the economy in … Continue reading
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Tagged 204 election, ACA, inequality, Obamacare, repeal of Obamacre
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How Yellenomics May Blow an Asset Bubble
I recently explained why we were in Stage One of a secular bull market – the stage, comparable to the early 1950s and early 1980s, when bears capitulate and investors begin to embrace equities. In the second stage stocks continue … Continue reading