by pentoport | Dec 28, 2020 | Commentary
December 28, 2020 Wall Street is universally bullish on the economy and stock market for 2021. For example, Morgan Stanley is on record predicting the U.S. economy will expand by 5.9% next year. The stock market has front-run this optimism. The most important...
by pentoport | Dec 14, 2020 | Commentary
December 14, 2020 When the market cap of equities reaches 183% of GDP and government bonds yield near 0%, or even less overseas, the notion that one can just buy and hold a balanced portfolio is extremely dangerous. The minefield is not packed with IEDs; it is...
by pentoport | Dec 1, 2020 | Commentary
December 1, 2020 The stock market and economy appear to be doing ok for the moment, as the incredibly dangerous bubble inflates further. This optimism is predicated on a plethora of COVID-19 Vaccines, projected to bring the economy back to its pre-COVID state of...
by pentoport | Nov 23, 2020 | Commentary
The evolution of humankind supposedly goes something like this: From a void and through a series of serendipitous happenstances arose; galaxies, the Earthly Primordial ooze, Bacteria, Monkeys, and eventually homo sapiens (wise man). The evolution of the Fed is...
by pentoport | Oct 19, 2020 | Commentary
The Japanese word for goodbye is Sayonara. But it doesn’t just mean goodbye, it means goodbye forever. Unfortunately, that is what our country is doing to American Capitalism. In the quixotic fantasy world of Keynesian economics, the more money a government borrows...
