The stock market continued to defy gravity last week in its ongoing attempt to make me look like a fool for trying to predict its movements. We've recently moved our portfolios to a neutral risk position from the more aggressive stance we adopted during the great sovereign debt scare of last fall and are contemplating an even more conservative posture. [...]
Thinking Things Over February 19, 2012 Volume II, Number 7: F.A. Seiberling, Goodyear, and How the Federal Reserve Can Wreak Havoc in Life By John L. Chapman, Ph.D. Washington, D.C. I am the last of the old men of rubber ....rich and poor again by turns.....I have seen life from the mountaintops and the valleys. I fear there will be hard [...]
Thinking Things Over February 12, 2012 Volume II, Number 6: Is Inflation, a Stagnant Economy, and Lower Standard of Living in Our Future?? By John L. Chapman, Ph.D. Washington, D.C. Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law . [...]
The economic statistics continue to point to growth in the US economy. Last week's employment report showed solid, if not spectacular, job growth with gains in manufacturing, construction, professional and business services, leisure and hospitality and health care. In other words, it showed gains in an ever widening range of industries. Jobless claims are still trending lower, down again last [...]
Thinking Things Over January 29, 2012 Volume II, Number 4: Obama and Bernanke are Not on the Same Page on Our Future By John L. Chapman, Ph.D. Washington, D.C. The week just passed witnessed an extraordinary disconnect. Tuesday night President Obama delivered his annual State of the Union address, and argued that the economy is "getting stronger." He pointed out that [...]
For our clients and readers, I have linked an article by Jon Hilsenrath, Chief Economics Correspondent for the Wall Street Journal. His article presents a good summary of the macro monetary debate occurring in the country. Concerns about the Fed, the financial sector and their, allegedly, dubious relationship with our politicians are already part of the Presidential campaign rhetoric. Occupy Wall Street and [...]
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