?A REPEAT?

THE U.S. DEFICIT IS NOW BEING FUNDED BY THE FEDERAL RESERVE THROUGH THE REPO MARKET. WHICH MEANS: THE U.S. GOVERNMENT IS PURCHASING U.S GOVERNMENT DEBT EQUAL TO CURRENT ISSUANCE BY…

Is Stock Market Volatility Good for the Art Market? – Bloomberg Edelman’s no longer so sure about a direct correlation. Despite record gains in the stock market, he says, “the last three…

Plunge Protection Team

Dear Friends, From time to time I’m asked for a market opinion, especially in today’s confusing economic environment. When contemplating market movement, it might be helpful to think about the…

?WHY NOW? NOT IN TIME?

New York Times By Paul Krugman Feb. 10, 2017 What will you do when terrorists attack, or U.S. friction with some foreign power turns into a military confrontation? I don’t mean…