Disclaimer

Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Wednesday, March 26, 2014

What Abbott Sees

Broelman is an excellent cartoonist.  He should be more widely known.

You can follow him here.


Saturday, March 22, 2014

Friday, March 14, 2014

Wednesday, March 5, 2014

Russia in the doldrums

Putin's intervention in Ukraine is as much about domestic dynamics as foreign policy. The Russian economy is sliding into recession. After the Sochi spike, eco activity will slow.  So we'll play 'let's distract hoi polloi from the real issues'.



Tuesday, March 4, 2014

The sunburnt country

Or maybe, just the burnt one.

This striking image comes from this article.

What rational person looking at this chart can say that global warming isn't occurring?


Saturday, March 1, 2014

Rather fun

I was doing some research on the 1930s (before my time, my sweets, even if I love the music of that era), and came across this website.

Chevrolet 1935 Master Deluxe 
New Master De luxe Chevrolet with improved master blue flame engine, pressure steam oiling , cable brakes and shock proof steering$560

Example of a house for sale 
1934Stucco BungalowOakland
California .
5 room stucco bungalow , breakfast room , separate garage, delightful location$3,750