Daily Archives: April 25, 2018

It’s hard to be hyperbolic about the present level of equity valuations. Suffice to acknowledge:  the overpricing today is more extreme and pervasive than at the tech fueled market top in 2000.  This suggests the correction phase coming should also … Continue reading →

Over the past decade, record low interest rates and central bank-driven-speculation drove unprecedented global appetite for junky investment assets.  As investment-grade yields fell from 5 and 6% to 1 and 2%, most individuals and pensions did not, or could not, … Continue reading →

Last night we went to see Ed Asner at our local theater in the one man comedy and social message on prostrate screening, “A man and his prostate”. It was funnier than the title may suggest! But most of all, … Continue reading →