September 15, 2023 By Steve Blumenthal "I know that it is fashionable to talk about a ‘dual mandate’ – that policy should be directed toward the two objectives of price stability and full employment. Fashionable or not, I find that mandate both operationally confusing and [...]Read More >

  September 8, 2023 By Steve Blumenthal "If the quarterback throws the ball in the end zone and the wide receiver catches it, it's a touchdown." - John Madden Football season has begun, and I imagine the number of Google searches checking Vegas odds is dramatically up. My son [...]Read More >

  September 1, 2023 By Steve Blumenthal "Cycles are the most important thing." - Britt Harris, CEO and CIO, The University of Texas/Texas A&M Investment Company First, let me begin by wishing you a fun-filled weekend. As summer comes to an end, I hope this note finds you on the [...]Read More >

  August 25, 2023 By Steve Blumenthal "What is now happening hasn't happened before in our lifetimes but has happened many times throughout history—typically, just before civil wars. In my opinion, this is a VERY big, bad deal yet most people are quietly going along with it." - Ray [...]Read More >

  August 18, 2023 By Steve Blumenthal "The Decisive Decade is cautionary and optimistic. Ward shows a path for America and the Free World to win the contest with the Chinese Communist Party. He calls for rebuilding American economic, industrial, and technological might, and [...]Read More >

  August 11, 2023 By Steve Blumenthal "Ultimately, if the deficit isn’t contained, taxes will be raised to the point that the engine of the US economy — the all-important consumer — will have considerably less discretionary income. - Quincy Krosby, the chief global strategist for [...]Read More >

  July 28, 2023 By Steve Blumenthal "The Federal Reserve’s preferred inflation gauge climbed at a 4.1% annual pace in June, marking a sizable step down from May’s 4.6% annual rate and bringing price growth to its slowest pace in nearly two years.." - Barron's, July 28, 2023 I [...]Read More >

  July 21, 2023 By Steve Blumenthal "I am so tired of being a bear." - Stanley Druckenmiller, Chairman & CEO of Duquesne Family Office Stanley Druckenmiller is a well-known American investor and hedge fund manager whose investment style is often described as macroeconomic and [...]Read More >

  July 14, 2023 By Steve Blumenthal "The stock market is never obvious. It is designed to fool most of the people, most of the time." - Martin Zweig "I believe the only edge in investing is innovation." - Mark Finn, Chairman, CEO, and COO, Vantage Consulting Group One of my [...]Read More >

  July 7, 2023 By Steve Blumenthal "The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions." "Patience and discipline can make you look foolishly out of touch until they make you look prudent and even [...]Read More >

  June 30, 2023 By Steve Blumenthal "Most people get interested when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." Warren Buffett I hope you, like me, are looking forward to a long holiday weekend. The following [...]Read More >

  June 23, 2023 By Steve Blumenthal Grab your coffee and find your favorite chair. Today's post is short and serves as an interesting follow-up to last week's “The Skip, The Size, And The Ten." Just seven stocks now make up more than 100% of the year-to-date gain in the S&P 500 [...]Read More >

  June 16, 2023 By Steve Blumenthal "Price and value aren't always the same: Don't pay too much." "Price is what you pay. Value is what you get."  -Warren Buffett After ten consecutive Fed rate hikes, Fed Chairman Powell decided to "skip" another increase this week but announced [...]Read More >

  June 9, 2023 By Steve Blumenthal “We only know by hindsight when the recession started, but there is an indicator you can watch that gives you some indication when the start of the recession is here, without knowing for sure, and that is when the inverted yield curve begins to [...]Read More >

  June 2, 2023 By Steve Blumenthal “Peace. It does not mean to be in a place where there is no noise, trouble or hard work. It means to be in the midst of those things and still be calm in your heart.” -Unknown   In John Mauldin’s newsletter last week, he shared a [...]Read More >