“What we’re seeing is an increase in the evolutionary pace of IED (improvised explosive device) design. It’s increasing at a pace we previously haven’t seen.” – Ben Venzke The traditional…
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As we get into the midst of the Q2 earnings season, we can take a closer look at the results through the 1st quarter of the year. Despite the exuberance…
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“I know you think you understand what you thought I said, but I’m not sure you realize that what you heard is not what I meant” – Alan Greenspan On…
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On the “Real Investment Hour” on Tuesday night, I addressed the issue of price versus fundamentals. In the short-term, a period of one-year or less, political, fundamental, and economic data…
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The Federal Reserve Act, as mandated by Congress, established a dual mandate of price stability and maximizing employment to guide the Federal Reserve (Fed) in setting monetary policy. Price stability,…
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On June 7, 2017, 720Global published The Fed Giveth to premium subscribers of their flagship publication The Unseen. The article provides background explaining why investors are well-served to understand the…
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“Are you kidding? Are you kidding? No one knows what you’re doing.” – Economist John Taylor in response to William Dudley’s (President Federal Reserve Bank of New York, Vice Chairman…
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“Cause when life looks like Easy Street, there is danger at your door” – Grateful Dead On numerous occasions, we have posited that equity investors appear to be blinded by…
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“The year 1915 was fated to be disastrous to the cause of the Allies and to the whole world. By the mistakes of this year the opportunity was lost of…
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There is a healthy debate between those who work in fixed-income markets and those in the equity markets about who is better at assessing markets. The skepticism of bond guys…
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On March 10, 2017, 720Global introduced the Trump Range Chart. Developed to see several different markets on one page, this unique chart provides a composite perspective of many instruments at…
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“The individual investor should act consistently as an investor and not as a speculator.“ – Ben Graham. We are frequently told that valuation analysis is irrelevant because fundamentals do not…
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“History has not dealt kindly with the aftermath of protracted periods of low risk premiums” – Alan Greenspan The ability to see beyond the observable and the probable is the…
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What Rick Barry and the Atlanta Falcons can teach us about risk management “Something about the crowd transforms the way you think” – Malcolm Gladwell – Revisionist History With 4:45…
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Just recently, I hosted the 2017-Economic & Investment Summit in Houston to discuss the markets, economy, the Fed, and the outlook ahead. It was a great event and I very…
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Almost a year ago, we stumbled upon a topic that is currently generating much discussion in the financial media. In Mm Mm Good, published August 2016, we highlighted the Campbell…
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This article, and those that will follow in this series, describes in simple but compelling form several objective truths about the dynamics of scarcity and prosperity and the role they…
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Since the U.S. economic recovery from the 2008 financial crisis, institutional economists began each subsequent year outlining their well-paid view of how things will transpire over the course of the…
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Villanova versus Kansas Outcome versus Process Strategies It is that time of year when the markets play second fiddle to debates about which twelve seed could be this year’s Cinderella…
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On the night of the U.S. Presidential election, many investment assets went from a state of sheer panic at the prospect of Donald Trump winning the election, to manic euphoria…
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