Outside the Box, April 2017


Outside the Box was retired on April 25, 2018, to make way for the new and improved premium research service, Over My Shoulder.

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Hoisington Quarterly Review and Outlook, Q1 2017

April 26, 2017

Lacy Hunt and Van Hoisington kick off their Q1 “Review and Outlook” – today’s Outside the Box – with a bang, calling our attention to the fact that in 80% of the 14 Federal Reserve tightening cycles since 1945, a recession ensued, and the Fed managed to keep the Good Ship Economy off the rocks just three times.

And, oops, we’re in the 93rd month of the current expansion, farther out to sea than we were those three times when the Fed brought us safely in to port, in 1968, 1984, and 1995.


Taxes Are Worse Than You Thought

April 21, 2017

“It is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the tax rates.” 

– John F. Kennedy (Yes, a Democratic president back in the Camelot days of the early ’60s wanted to slash taxes.)

This week’s Outside the Box will make half of my readers indignant and the other half feel righteously vindicated in their thinking. I have no idea which half you are in. What is so controversial? Who pays...

The Influence of Affluence

April 12, 2017

My friend Marc Faber, publisher of the Gloom Boom & Doom Report, has never shied away from sensitive issues; and in today’s Outside the Box he tackles a big one: the relationship between asset prices and US household wealth, and the effect of that relationship on the economy.

Nominal US household wealth is at an all-time high but, says Marc, that’s mostly an illusion. The wealth of the top 0.1% has vastly improved in recent decades (and the top 10% haven’t done at all badly), but “the median...


April 5, 2017

I've read the piece that is today’s Outside the Box multiple times over the past several weeks. It’s theoretically about the music business, but it’s actually about everything. I’ve been finding it helpful as I think about my own business, and you may, too.

One major takeaway (and this is one that most of us have always known but can stand to be reminded of from time to time):

We all need to hear it from our friends. Who we might know in person or might just know online. It's about trusted...