Trends & Tail Risks

INTEREST RATES: THE MARKET LEADS AND THE FED FOLLOWS

By Lewis Johnson – President, Co-Founder & Partner  |  November 4, 2015 “I have no special talents.  I am only passionately curious.” -Einstein “It’s not what you look at that matters, it’s what you see.” -Thoreau “The scientist is not a person who gives the right answers, he’s one who asks the […]

HAVE WE SEEN THE PEAK?

By Lewis Johnson – President, Co-Founder & Partner  |  October 21, 2015 Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” -Churchill “The man with a new idea is a crank until the idea succeeds.” -Mark Twain […]

WHERE ARE WE IN THE CYCLE? THE GOLD / SILVER RATIO WEIGHS IN

By Lewis Johnson – President, Co-Founder & Partner  |  October 7, 2015 October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” -Mark Twain – Pudd’nhead Wilson’s Calendar “The longer you look back the […]

CREDITORS IN THE CROSSHAIRS?

By Lewis Johnson – President, Co-Founder & Partner  |  September 23, 2015 “Democracy and capitalism are inherently in conflict, and the conflict between the two is a source of major structural changes in the U.S. economy and secular trends in asset performance.” -Paul McCulley “The gift of democracy to capitalism is property rights.  […]

EQUITY MARKET VOLATILITY (FINALLY) CATCHES UP TO CREDIT MARKET VOLATILITY

By Lewis Johnson – President, Co-Founder & Partner  |  September 9, 2015 “The risks of the world being at or near the end of its long-term debt cycle are significant.” -Ray Dalio – Chairman of Bridgewater, World’s Largest Hedge Fund “While we don’t know if we have just passed the key turning point, […]

LONG TERM OUTPERFORMANCE

By Lewis Johnson – President, Co-Founder & Partner  |  August 19, 2015 “To raise new questions, new possibilities, to regard old problems from a new angle, requires creative imagination and marks real advance in science.” – Albert Einstein “No one should teach who is not in love with teaching.” – Margaret Sangster “Education […]

MEMORY LANE: CHINESE CURRENCY DEVALUATION

By Lewis Johnson – President, Co-Founder & Partner  |  August 12, 2015 “China is a sleeping giant. Let her sleep, for when she wakes she will move the world.”  -Napoleon “History doesn’t repeat but it does rhyme.”  -Mark Twain “The era of procrastination, of half-measures, of soothing and baffling expedients, of delays, is coming to […]

WHETHER TO INVEST WITH THE WEATHER

By Lewis Johnson – President, Co-Founder & Partner  |  August 5, 2015 “One of the most important things is learning what to ignore.”  – Unknown “Be yourself: everyone else is already taken.” -Oscar Wilde “If you buy it right it’s half sold!” -Long-Accepted Wisdom of Retail Buying Agents “The sovereign ability consists in […]

UNDERSTANDING LIFE FORWARDS

By Lewis Johnson – President, Co-Founder & Partner  |  July 29, 2015 “Life can only be understood backwards; but it must be lived forwards.”  – Soren Kierkegaard “The White Sea folk say of the tide, the water reconsiders, meaning the moment just before it begins to fall.”  – Aleksandr Solzhenitsyn “There’s a time […]

SIDNEY HOMER: FATHER OF MODERN BOND RESEARCH

By Lewis Johnson – President, Co-Founder & Partner  |  July 22, 2015 “An investment in knowledge pays the best interest.”  -Benjamin Franklin “I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like […]

Stay connected with us