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Apparently, the Rest of the World Does Matter

Wow! What a week – talk about volatility! On Sunday, the “Xoi” (No) vote from the Greek referendum apparently hardened the Greek government’s negotiating line; There was an intensification of the meltdown on the Shanghai equity market Monday, Tuesday and Wednesday; There was a 3 hour trading halt at the NYSE on Wednesday; Then there was a rebound of more than 10% on the Shanghai on Thursday and Friday; And …Read More

If You Build It, They Won’t Come: Opinion

It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.– Charles Darwin I am often asked: “When do you think the economy will return to normal?” My response: If by “normal” you mean what we had from the 1980s to 2008 — the “if you build it, they will come” economy — the answer is, not anytime in the …Read More