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. These days I'm retired, and I can't by law give you advice. I do make mistakes, but I try hard to do my analysis thoroughly, and to make sure my data are correct. Remember: the unexpected sometimes happens. The expected does too, but all too often it takes longer than you thought it would.

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.

Tuesday, March 10, 2015

Tea Party loons

In Florida, likely to be subject to even worse floods in future, the Tea Party Republican administration forbade their staff from using the phrases 'climate change', 'global warming' and 'sea level rise' in all official emails, letters and publications.  'Sea level rise' is to be referred to as 'nuisance flooding'!


Read more here.

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