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How did I get started in this business? As a stockbroker for Merrill Lynch in the 1980s. In retrospect, I cringe at how naive and dumb I was back then. But I somehow managed not to destroy...
The global monetary system broke in 2008, and no one has bothered to fix it. Instead, the world’s largest central banks embarked on the most extreme episode of money creation in history — $15...
You know the expression “If it walks like a duck, and quacks like a duck, it’s a duck” right? Well, this market sure seems to be walking and growling like a bear more and more with each passing...
When the market starts dropping, don’t just yell about it. SELL! I’m not trying to be glib here. I’m being dead serious. Selling has become a lost art form for all too many investors thanks to...
President Trump slapped tariffs on foreign-made steel and aluminum. But if you think we’ve seen the end of the tariffs, think again. There’s a whole new laundry list of tariffs coming. And there...
The “all-is-well” crowd is out in full force. They say that the big rout we’ve seen in tech stocks is still just a garden-variety correction. They insist nothing has changed “fundamentally.” ...
There’s a staring contest going on in the global oil markets right now. On the one side is the Russia-OPEC alliance. On the other is U.S. oil producers. You can get crushed if you get caught...
One-in-four Americans observe Lent. Most who do, give up something, like a favorite food or beverage. One Good Friday many, many years ago when I was a young and mischievous boy, I suggested to...
I could think of lots to spend $664,000 on if someone handed it to me today. A parking place is not one of them. But apparently, Kwan Wai-ming is cut from a different cloth. The executive...
In Saturday’s column, we talked about why President Trump’s decisions on trade tariffs and security are good for gold. You can read it here: “Cry Havoc! And Grab Gold.” Last week, we saw gold...