My former employer, The Economist, once the ever-tolerant editor of my flabby, disjointed, and juvenile prose (Thanks Peter and Marjorie), has released its "Big Mac" index of international currency valuations. Although initially launched as a joke three decades ago, I have followed it religiously and found it an amazingly accurate predictor of future economic success.
For many, one of the most surprising impacts of the administration’s tariffs on Chinese imports announced today has been a rocketing bond market. Since the December $116 low, the iShares 20+ Year Treasury Bond ETF (TLT) has jumped by a staggering $16 points, the largest move up so far in years. The tariffs are a
"Every smart guy is tempted by leverage, and some are broken by it," said Oracle of Omaha Warren Buffett.
"Technology is going to be stealing market capitalization from other industries for the next ten years," said Gene Munster of Silicon Valley venture capital firm Loup Ventures.
Quote of the Day "A lasting relationship with a woman is only possible if you are a business failure," said John Paul Getty, a Morgan Stanley billionaire client who was married five times.
"Success is the ability to go from one failure to another with no loss in enthusiasm," said the wartime British Prime Minister, Winston Churchill.
"If a cluttered desk is a sign of a cluttered mind, what is an empty desk a sign of?" asked Albert Einstein.
"If horses could have voted, there never would have been cars," said my friend, Tom Friedman, a columnist at the New York Times.
"I think this is about Russia reasserting itself on the international stage, basically saying that Russia is back and is a force to be reckoned with. I think we underestimated for a long time the extent of the humiliation that Russians felt after the collapse of the Soviet Union," said former Secretary of Defense and
Going to renew my membership today because you provide great ideas. I think you have a lot of integrity in your messages. We may not agree politically, but you have nailed many of the concepts you shepherd. I have become a fan and look forward to your writing every day. Don Cleveland, Ohio Sometimes I’m