Promised Land

Promised Land It was quiet, too quiet. The lead up to this week’s Fed interest rate announcement was downright boring. After months and months of agita every time the Fed got together to talk about interest rates, this time there was little doubt about what would happen or what the Fed would say. The assumption […]
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That’s A Lot of Manure

That’s A Lot of Manure Economic history is full of roadblocks, things that appear impossible to overcome, until some technological advance comes along and changes the dynamics completely. Railroads changed U.S. transportation in the late 1800’s, fertilizers changed our ability to feed a growing global population. Even the automobile, now the bane of environmentalists, was […]
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Keep Calm and Carry On

Keep Calm and Carry On “God is Great, Beer is Good, and People are Crazy.” Country music fans will surely recognize the lyrics from Billy Currington’s famous song. These words come to mind because the first half of this year was absolutely crazy and had us thinking about drinking on more than a few occasions. […]
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Lies, Damned Lies, and Statistics

Lies, Damned Lies, and Statistics A recession will either be one of the most anticipated to ever occur, or one of the most anticipated to not occur at all. At its core, the recession debate is all about jobs. If the job market stays strong, it’s not only very hard to have a recession, it’s […]
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Wherever You Go, There You Are

Wherever You Go, There You Are The market is expert at making prognosticators look foolish. Great Depression-era economist John Maynard Keynes, the primary architect of modern economics, once said “Markets can remain irrational longer than you can remain solvent”. It essentially means that the market has a mind of its own. It is more than […]
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Liquidity

Liquidity Liquidity is one of the most confusing words in finance. The fact that it has multiple meanings, depending on the topic at hand, certainly doesn’t help matters. While we prefer to avoid that word, this is one of those times when it is unavoidable. In this case, liquidity is the amount of money sloshing […]
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It’s a Mad, Mad, Mad, Mad World

It’s a Mad, Mad, Mad, Mad World Our title this week is also the title of a 1963 comedy. The movie is about a group of motorists that witness a deadly accident. The drivers’ final words are the location of a hidden stash of money. The situation quickly devolves into a wild and hilarious free […]
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