When I take my young sons for a walk, they often run ahead of my wife and I. When they get too far ahead we call and they stop for awhile but as we get close they take off again. Occasionally,… Read More ›
TSP 2015
TSP Charts: Summer Doldrums
Shortly after the end of the favorable season’s sell signals came in, I started enjoying the summer on the road with my family. I kept checking the market and news, but nothing significant was developing. Without the Fed’s QE it looks like this… Read More ›
The Smart Bird: Time to Fly South
In 1981 total US securities equaled 109% of GDP, today they sit at 417%. Overvalued equities alone account for 209% of GDP. Can this be sustained? I doubt it. The numbers are provided by Doug Noland who has been “Chronicling History’s Greatest… Read More ›