What Tends to Happen at the End of a Vicious Cycle

The Orthosphere

I am an investment advisor, working for a fairly substantial firm (as such firms go), that I helped my two partners organize more than twenty years ago. The compliance policies I myself enforce upon our employees – and, so, upon myself – do not allow me to discuss securities except under the aegis of our firm’s publications and website. The following, accordingly, does not constitute a recommendation or offer either to buy or to sell any security, or any type of security. Indeed, it does not even mention any security, whatever. It is not a discussion of securities.

So much for the preliminaries.

The astounding run up in economic statistics – financial markets, employment, manufacturing jobs, consumer confidence, business confidence, you name it (even the Fed seems fairly sanguine) – since the beginning of the Trump Administration have taken many analysts by surprise. But they are just what one would…

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Author: Alfred E. Neuman

71 year old geek, ultra-conservative patriot.