Say Goodbye, TINA

Many folks wonder why the Federal Reserve needs to be so aggressive with interest rate hikes. After all, 30-year fixed mortgages have topped 5%, making it nearly impossible for homebuyers to qualify. The primary way for a central bank to beat back inflation is to...

What Are We Smoking?

It would be difficult to deny the existence of today’s asset bubble. Not if macro-economic data and stock valuations matter. The stock bubble became particularly egregious in 2020. That’s when the Federal Reserve’s excessive money creation (a.k.a....

Bubble Trouble? Here’s How To Navigate It

Higher borrowing costs are already slamming the brakes on real estate. For example, a few months ago, one might be able to get a 30-year mortgage at 3%. That mortgage has catapulted all the way up to 5%. The difference between borrowing $500,000 at 3% and borrowing it...

Inverted Thinking

Rising interest rates? Check. Geopolitical tensions? Check? Inverted yield curve? Check. According to the research firm, CFRA, these factors alone are highly likely to be accompanied by a stock bear. When a recession has developed within 12 months of these items,...