Lately, the media has been dominated by the compromise on US federal tax policy that has been brokered by President Obama that will lead to an extension of current income tax rates, lower estate and payroll tax rates and an extension of unemployment benefits. It is very likely to pass almost intact and free up the logjam that has hampered this lame duck session of Congress. Uneven Recovery From ... Read More
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How to Ride a Bond Bubble and Survive a Secular Bear Market
After the Dow Industrials reached their peak on October 9, 2007, there was a long, painful decline to the trough reached on March 9, 2009. During that time the DJIA lost 54% but was followed by a rally of 70%. Even with this spectacular run up through 2009, the index never reached it peak. While closer now after a good 2010 it, the peak is still a long climb up the mountain. In fact, to break ... Read More
