August 28, 2019 - Quote of the Day
"Savers are losers," said a radio ad for a mortgage broker in Reno, Nevada.
Entries by MHFTR
August 26, 2019 - Quote of the Day
"They say when you get old, you become wise. The truth is that when you get old, all the people who know you are stupid are dead," said the late comedian Joan Rivers.
The Tale of Two Economies
I’m looking at my screens this morning and virtually every stock sold short by the Dairy of a Mad Hedge Fund Trader cratered to new six-month lows. Call it lucky, call it fortuitous. All I know is that the harder I work the luckier I get. If you are in the right economy, that of
August 7, 2019 - Quote of the Day
"Send us your freaks," said an Amazon human resources executive to a temp agency during its early days.
Have We Seen “Peak Auto Sales”?
There is no limit to my desire to get an early and accurate read on the US economy, which at the end of the day is what dictates the future returns on our investments. I flew over one of my favorite leading economic indicators only last week. Honda (HMC) and Nissan (NSANY) import millions of
August 2, 2019 - Quote of the Day
"Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use," said Netflix co-founder and CEO Reed Hastings.
July 31, 2019 - Quote of the Day
"Everything is expensive now. Worries about the future can cause safe assets to become highly-priced...I call it the 'Titanic Effect.' When the Titanic was going down, people would pay a fortune for anything that floats. We may be in a Titanic situation now," said my buddy, Nobel Prize winner Robert Shiller.
July 29, 2019 - Quote of the Day
"We've seen the S&P 500 drop 50% twice in the last two decades. That is the new normal," said Richard Kang of Emerging Global Advisors.
The Death of the Financial Advisor
About one-third of my readers are professional financial advisors who earn their crust of bread telling clients how to invest their retirement assets for a fixed fee. They used to earn a share of the brokerage fees they generated. After stock commissions went to near zero, they started charging a flat 1.25% a year on
Quantitative Easing Explained to a 12-Year-Old
I know it's been three years since the U.S. dumped its reflationary policy of quantitative easing. However, Japan and Europe are still pursuing it with a vengeance. So, it's best to be familiar with what it is. For a quick tutorial please watch the highly insightful and humorous video. Click on the link below to