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Posts Tagged ‘mood’

We’re Not Going To Take It….Anymore

July 21st, 2016 by Kurt L. Smith

Britain decided it no longer wanted to be a member of the European Union. Britain had enough of Europe or precisely 52% of British voters had enough. The reasons why they had enough was not an issue. The result however is clear: Britain will no longer be a member of one organization bigger than itself: The EU.

Soon Britain may not be a part of another larger organization, the one that makes it Great. So blow the winds of change, especially when the issues that trouble many are seemingly ignored by those who hold the power.

How many Brits voted for an exit because of fear of immigration and the fear of more, seemingly out of control, immigration? We don’t know. We do know that immigration has been an issue longer than a European Union has been a dream. If times are good and spirits rising odds are we can ignore the issue or simply praise the benefits of immigration. Times are not that good now, the mood has changed and leadership needs to change with the times. (more…)

Now It Gets Interesting

November 3rd, 2014 by Kurt L. Smith

The Dow shed 1500 points last month and all of a sudden we can focus on something other than congratulating policymakers on keeping stock prices high and bond yields low.  The financial world has been changing in rather dramatic ways but as long as stocks levitated and defied gravity no one seemed to care. (more…)

“Welcome To The Everything Boom”

July 20th, 2014 by Kurt L. Smith

The July Letter almost didn’t make it as the same old, same old markets continued their gravity defying ways. On July 7th however, The New York Times saw fit to publish this headline as their front-page lead: “From Stocks to Farmland, All’s Booming, or Bubbling.” (more…)

The Great Wait May Be Over

February 11th, 2014 by Kurt L. Smith

The optimism, the good news, the earnings reports and everything else wonderful has culminated in the beautiful rise in stock prices.  Climbing the Wall of Worry?  There is no worry as this one way freight train moves only in one direction smashing all the remaining bears with it. (more…)

Detroit and You

August 2nd, 2013 by Kurt L. Smith

Contrary to popular opinion, things do actually happen in the municipal bond market.  Sometimes we wait years, even decades, before taking action, but actions do happen, eventually.  Municipal bankruptcies have occurred, will occur, and are getting bigger. (more…)

NEWS FEED

The $247 trillion global debt bomb washingtonpost.com/opinions/the-2…