The election this week appears to be a tossup, the outcome dependent on how a few swing states vote. The polls, whether national or focused on a single state, show totals for each candidate mostly within the margin of error. Betting markets have been showing a more definitive leader, with all of them putting higher odds on former president Trump. [...]
But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions... - Alan Greenspan, The Challenge of Central Banking in a Democratic Society, at the Annual Dinner and Francis Boyer Lecture of The American Enterprise Institute for Public Policy Research, Washington, D.C., December 5, 1996 Are investors too optimistic? [...]
This week's update will be confined to the observations in the labeled sections below. My wife and I have been in NYC since the middle of last week to explore some previously unknown family relationships courtesy of 23andMe. It has been an exciting week for our previously small family. My wife is - was - an only child - adopted [...]
Stay In Touch