Thoughts From the Frontline, May 2016

Life on the Edge, Continued

May 28, 2016

At the conclusion of my conference yesterday, I did a number of interviews and then made my way a few miles home, collapsed into my favorite chair, and thought back over the myriad of ideas, the whirlwind of friends, and the just general all-around fabulous time I had experienced over the past four days.

Report from Abu Dhabi ... and Dallas

May 21, 2016

This week’s letter is going to be a little bit different in that, due to the pressures of time, the worst jet lag I’ve ever experienced, and working on my speech for next week’s conference, I really have not been able to do the proper research for a letter. So what I will do is send you a slightly expanded version of a letter that I have already sent to those who will be attending next week’s Strategic Investment Conference in Dallas. It covers the agenda in detail and will give you an idea of...

Life on the Edge

May 14, 2016

“Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is an organized conspiracy to oppress, rob and degrade them, neither persons nor property will be safe.”

– Frederick Douglass

“I am for doing good to the poor, but I differ in opinion about the means. I think the best way of doing good to the poor is not making them easy in poverty, but leading or driving them out of it.”

– Benjamin Franklin...

Sell in May and Go Away?

May 9, 2016

The prevailing market lore is that one should sell in May and go away, returning in October. And over the last 65 years, that axiom has on average held true. Unfortunately, we can’t live on averages in the short term, and so we have to decide what to do today. Thus – just like the Fed – we are data-dependent.

Delta Force

May 1, 2016

Last week we looked at the world’s demographic destiny for the coming decades. I imagine most readers perused the information and said, “Yes, we already know the world’s population is getting older. Everybody keeps saying demographics are important, but I’d like to know how slowly changing demographics actually affect the economy here and now.