Thoughts From the Frontline, June 2016

Thinking the Unthinkable

June 25, 2016

If buttercups buzz’d after the bee
If boats were on land, churches on sea
If ponies rode men and if grass ate the cows
And cats should be chased into holes by the mouse
If the mamas sold their babies
To the Gypsies for half a crown
If summer were spring
And the other way ‘round
Then all the world would be upside down!

– 17th century English children’s song

“There are decades when nothing happens, and there are weeks when decades happen.”

– Vladimir Ilyich Ulyanov, alias Lenin

“For someone...

Generational Chaos Ahead

June 19, 2016

“This generation of Americans has a rendezvous with destiny.”

– Franklin D. Roosevelt

“Each generation imagines itself to be more intelligent that the one that went before it, and wiser than the one that comes after it.”

– George Orwell

Hot Summer Economic Weirdness

June 11, 2016

“A lost election can have the jolt of a drop through the gallows door, leading to a dark night of the soul in which the future presses down like a cloud that will never lift.”
– James Wolcott

 “Recession is when a neighbor loses his job. Depression is when you lose yours.”
– Ronald Reagan

Your Portfolio Design: Assume the Fetal Position

June 4, 2016

Somehow in the last few months I found myself going from merely concerned about developed-world markets to outright advocating defensive positions. I thought some of the presentations at my Strategic Investment Conference would cheer me up. They did not.