Author: Michael Lebowitz

Global QE: A Question For Every Investor

Global QE: A Question For Every Investor

Recently we received the following question from a subscriber: “If a correction in the stock or bond markets comes, the Central Banks will buy stocks with printed money, like the Japanese Central Bank, etc. Will there ever be a shakeout […]

Three Easy Pieces

Three Easy Pieces

If someone told you that the President of the United States in 2028 would be a Democrat and a woman from the state of New York, could you guess who it might be? We highly doubt it. In 1998, ten […]

A Bear In A Bull Costume

A Bear In A Bull Costume

As Halloween nears, kids are choosing costumes to transform themselves into witches, baseball players and anything else they can imagine. In the spirit of Halloween, we thought it might be an appropriate time to describe the most popular costume on […]

geralt / Pixabay

Saying It Slowly Doesn’t Help

The most fundamental basis for economics is human decision-making. Satisfying needs and wants creates demand. Engaging in a vocation to provide a good or service of value to others generates supply. The intersection of the two is a market. Mistakes […]

The Illusion Of Prosperity

The Illusion Of Prosperity

For the last 50 years, the consumer, that means you and me, have been the most powerful force driving the U.S. economy. Household spending now accounts for almost 70% of economic growth, about 10% more than it did in 1971. […]

Chasing The Dragon

Chasing The Dragon

“There is no other agency of government which can overrule actions that we take.” – Alan Greenspan Also read: Q2/H1 Hedge Fund Letters – Conferences, Calls, And More Fund of funds Business Keeps Dying Baupost Letter Points To Concern Over […]

skeeze / Pixabay

#FedGibberish

Recently on our Twitter feed, @michaellebowitz, we introduced the hashtag #fedgibberish. The purpose was to tag Federal Reserve members’ comments that highlight desperate efforts to rationalize their inane monetary policy in the post-financial crisis era. This past week there were […]

Consumption Exhaustion

Consumption Exhaustion

When people use the word catalyst to describe an event that may prick the stock market bubble, they usually discuss something singular, unexpected and potentially shocking. The term “black swan” is frequently invoked to describe such an event. In reality, […]