Investment Commentary  

2011

August 8, 2011
Déjà Vu All Over Again
Many of our clients and readers are worried about the recent sharp declines in stock markets around the world along with increasing turmoil in other markets and ominous indications of increased violence and political malice.  This is indeed a proper time to be worried.  . . .

June 13, 2011
MELTDOWN
Much has happened in the world since the early March earthquake, tsunami, and nuclear meltdown in Japan. And much of it has been consistent with our gloomiest forebodings.  Even the assassination of Osama bin Laden — so reminiscent of the way Roman emperors and medieval princes . . .

May 31, 2011
Make Believe
USA
In the days before people could do anything “virtually” on the Internet, restless teenage boys used to play a game called “chicken” in which two contestants would race their cars directly toward each other.  The first to swerve in order to avoid . . .

March 31, 2011
Double double toil and trouble, Fire burn and cauldron bubble
The witches’ cauldron is boiling furiously with momentous effects all over the world.  An Arab Spring of popular protests against autocratic governments has spread to almost every country in the Arab world, resonating also in Iran and parts of central Africa and eliciting protective . . .