Next up on the agenda this week is to review the potential impact stagflation may have on investment portfolios. For those not investing in the 1970’s stagflation is a term that describes a
“stagnant” and sluggish economy, coupled with an upward move in “inflationary” measures. These were not the best of times to be an investor. …
Continuing on the “New Normal” theme within the context of a “muddling through” economy, I wanted to highlight this current (tepid) recovery to previous rebounds. …
Don’t let the title fool you. As readers can attest I am not sanguine in a v-shaped recovery (see yesterday’s entry), yet I don’t believe we will see a true double dip recession. …
I hope all of you on the east coast have dug out from the “Super Saturday Blizzard.” Just what retailers needed on one of the busiest shopping days of the year – feet of snow blanketing the east
coast! This actually is the perfect introduction to what many are calling the New Normal. …
While we are close to closing the books on a very nice 2009 in the capital markets, I am always focused on what could go wrong. As Peter Bernstein famously said, “What are the consequences if I am
wrong?” This has led me to continue to study previous secular bear markets, as well as previous credit crises. If history is any guide than credit-induced recessions require multi-year periods of
adjustment. …