Investment Commentary

IS THE WIND CHANGING DIRECTION??? On September 22nd, the American Association of Individual Investors (AAII) released their Sentiment Survey, which the reader will find below. CHART 1 The bullish sentiment…

Negative Interest Rates Or We’ll Pay You to Borrow from Us! Imagine being a home owner in Aalborg, Denmark and receiving an interest check from your mortgage holder paying to you, the…

TRANSITIONS CAN BE TOUGH…… The North American Free Trade Agreement (NAFTA) went into effect in 1994. Most economists would hail the agreement as a breakthrough, which has helped propel the…

The New Year Upon Us…….. With the “rough waters” of 2015 behind us, investors must now look to 2016 and how to navigate the crosscurrents of world politics and economics…

AMERICAN CONSUMER FISCAL FITNESS AND OTHER MUSINGS….. Worries here, worries there, worries are everywhere and investor sentiment is low, very low. As we are security analysts, not psychoanalysts, it is…

RECOVERING……. For the second year in a row, the U.S. economy has had to rescue itself from a desperately hard winter whose climate put economic activity into a “deep freeze”. …

LET’S FOCUS ON THE DOLLAR……… Since late last year, the U.S. “greenback” has been on a bit of a “streak”.  The pace of appreciation has picked up in 2015.  Articles…

HOW DID WE DO IN 2014?   PREDICTIONS                                             …

DON’T YOU JUST HATE IT???? Americans, consumers, men, women, and children do not seem to be happy.  According to a recent poll conducted by the Wall Street Journal/NBC News (published…

WHATEVER IT TAKES For central bankers in the major economies around the world, the above has been their credo – is their credo and seemingly, will be their credo for…