The market is being driven by intense speculation and corporate earnings fueled by central bank stimulus.
We have begun a bear market although not a dangerous one for bond investors.
Monetary policy in the post-Lehman era has resembled the eating habits of a long-departed umpire.
Don’t be mesmerized by the blue skies created by central bank QE and near perpetually low interest rates.
Equity markets are priced for too much hope, high-yield bond markets for too much growth.
Our highly levered financial system is like a truckload of nitro glycerin on a bumpy road.
Through the years I've accumulated a short list of quotes that express a personal view of what makes people happy.
I saw myself in Africa and, of course, through my own eyes I saw you there, too.
The anti-globalization movement will have a negative long-term impact on corporate profits.
Trump's tenure will be a short four years but is likely to be a damaging one for jobless and low-wage American voters.
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