Economic Analysis

Quantum Economics

Thoughts from the Frontline

September 27, 2019

I often say a writer is nothing without readers. I am blessed to have some of the world’s greatest. Your feedback never fails to inspire and enlighten me.

Wave goodbye to your delivery guy


September 23, 2019

When my daughter was born, Greg stopped by my house almost every day for two weeks. 

That Time Keynes Had a Point

Thoughts from the Frontline

September 20, 2019

“Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.”

―John Maynard Keynes

Real estate agents better watch their backs…


September 16, 2019

Remember booking vacations before the internet?

Black Hole Investing

Thoughts from the Frontline

September 13, 2019

Scientists say the rules change in a cosmic “black hole” at what astrophysicists call the event horizon. How do they know that? Not by observation, since what happens in there is, by definition, un-seeable. They infer it from the surroundings, which say that the mathematics of the universe as we understand them change at the event horizon.

Hunting for Unicorns with Justin Spittler


September 9, 2019

I’ve got something special for you today. Instead of my regular weekly note, I’m sharing a conversation I recently had with RiskHedge Senior Editor Justin Spittler.

Dalio’s Analogue and Mauldin’s Commentary

Thoughts from the Frontline

September 6, 2019

“The best way out is always through.”

—Robert Frost

History doesn't repeat itself, but it does rhyme.”

―Mark Twain

It will not shock you when I say we live in confusing times. Odd, seemingly inconsistent events and decisions don’t bring the expected results. Once-reliable rules don’t work. This makes it hard to chart a personal and business path forward.

Should you buy pot stocks?


September 3, 2019

In 1936, William Randolph Hearst was facing total wipeout.

Volatile Year Coming

Thoughts from the Frontline

August 30, 2019

We have reached Labor Day weekend which, in the US, is a holiday for honoring work and workers. If you’re a Baby Boomer like me, you also grew up knowing school was about to start again. We didn’t do the mid-August thing back then. The first day of school was the day after Labor Day. That meant entering a new grade with unknown challenges.

What to do if you’re scared


August 26, 2019

“Stephen, I’m thinking of selling all my stocks, what are your thoughts?”