Part I: Trends We Track

Pose this question to a federal government or Federal Reserve official, and he will run you around the bush for months, mumbling blather like, “The value of the dollar depends on the productive capacity of the U.S. Economy” or “Dollar currency is backed by the full faith and credit of the United States Government.” They…

“The Market is not benevolent.” ~ Anonymous “The market is not benevolent,” a friend of mine quips whenever I complain about this or that. He means that the market doesn’t owe you a living, and being insensate, doesn’t wish you good or ill. Like a chainsaw, it’s a great tool but dangerous to the ignorant…

U.S. Dollar Index Fixed Income U.S. Bond Aggregate (AGG), High Yield Bond ETF (JNK) 5-7yr. Treasury ETF (IEF), 20 yr. + Treasury ETF (TLT)

“This is the end of Western civilization.” ~ Lewis Douglas (U.S. Budget Director), remark to James P. Warburg after  President Roosevelt announced that the U.S. was going off the gold standard, April 18, 1933 Lewis Douglas was wrong, of course. The end of Western civilization had already come 60 years earlier, when the United States…