I Don't Read Economic Forecasts. I Don't

Too Often, Executive Compensation In The U.s. Is Ridiculously Out Of Line With Performance. That Won't Change, Moreover, Because The Deck Is Stacked Against Investors When It Comes To The Ceo's Pay. The Upshot Is That A Mediocre-or-worse Ceo - Aided By His Handpicked Vp Of Human Relations And A Consultant From The Ever-accommodating Firm Of Ratchet, Ratchet And Bingo - All Too Often Receives Gobs Of Money From An Ill-designed Compensation Arrangement.

Truly Conservative Actions Arise From Intelligent Hypotheses, Correct Facts And Sound Reasoning.

Like Most Trends, At The Beginning It's Driven By Fundamentals, At Some Point Speculation Takes Over. What The Wise Man Does In The Beginning, The Fool Does In The End.

Whatever You Like To Do, Make It A Hobby And Whatever The World Likes To Do, Make It A Business.

The U.s. Treasury Has Got Borrowing Costs Like Nobody Else Has.