Friday

Our Pie Parties always provide wonderful material for morning notes.  Tuesday’s gathering was no exception.  As you might have guessed, the recent government shutdown was brought up and we explored the topic.  In particular, Jack voiced concern about workers not being able to financially shelter in place during their paycheck hiatus.  In other words, why couldn’t

The whole world was downgraded by the International Monetary Fund (IMF).  Does that matter? Perhaps we should first consider what the IMF is.  It is an international organization headquartered in Washington D.C.

The movie Crocodile Dundee was released in 1986, over 32 years ago.  A quote from the flick popped into my head a few days ago when listening to a podcast mentioning the Australian economy.  In the movie, the lead character (played by Paul Hogan) is held up at knifepoint by a few would-be muggers.  Ultimately, he pulls out his Bowie knife (which is significantly larger), and the

America’s stock markets attained a couple of milestones this week: the longest bull market ever and, ironically, the longest correction since 1961!  How can we reconcile the two?