12/31/10  Sin and Forgiveness
12/15/10  Chinese Currency Problem
11/30/10  Fundamentals Improve - Headline Risk Rises
11/15/10  Things are Looking Up
10/31/10  Circus Clowns and Tomatoe Farmers
10/15/10  "Safe Investments" Can be Dangerous
09/30/10  Rope-a-Dope
09/15/10  Confidence is a Rare Commodity these Days
08/31/10  US is Slowing - not Stalling
08/15/10  China's Uncertain Future
07/31/10  The Sun Will Rise
07/15/10  Facts or Opinions what Moves Markets?
06/30/10  Value versus Trend
06/15/10  Perception of Value
05/31/10  Housing Stocks are Attractive
05/15/10  Gaddafi contributes to Euro Rescue
04/30/10  Europe is Running out of Time
04/15/10  Trillion Dollar Hit
03/31/10  Made in the USA
03/15/10  US Consumer is Recovering
02/28/10  Greek Statistics
02/15/10  Balkanization of Europe is but a Symptom
01/31/10  US Market Should Outperform Emerging Markets
01/15/10  Infants and Giants

12/31/09  Further Gains in 2010
12/15/09  Inflation On The Horizon?
11/30/09  Labor Market Finally Improves
11/15/09  Back to the Future
10/31/09  "Risk On" versus "Risk Off"
10/15/09  Fear and Loathing on Wall Street
09/30/09  Jobs Finally Matter to Wall Street
09/15/09  Stocks Always Anticipate Earnings - Not the Economy
08/31/09  Seeking Certainty is Way too Risky
08/15/09  It Is All Over But The Shouting
07/31/09  Exports Should Rise Soon
07/15/09  Trade Balance Starts Helping Soon
06/30/09  The Housing Market Is Stabilizing
06/15/09  Green Shoots and More
05/15/09  Not Enough Juice for Inflation
04/30/09  Repeat - The Economy has Bottomed
04/15/09  The Economy has bottomed
03/31/09  International Co-Operation is required
03/15/09  Without the US Consumer the Global Pie Shrinks
02/28/09  More Consumption or More Production - What is the Solution?
02/15/09  Can China Save the World?
01/31/09  Stop the Decline in Asset Prices
01/15/09  Falling Inflation is Good for Balance Sheets

12/31/08  Whose Fault is it Anyway?
12/15/08  The Consumer Leads the Economy
11/30/08  The Logic of the Printing Press
11/15/08  Adjustment of Imbalances
10/31/08  The Private Sector Needs Uncle Sam
10/15/08  The Beginning of the End
09/30/08  The U.S. Recession Goes Global
09/15/08  The U.S. Market Outperforms
08/31/08  The Scary Part of the Journey
08/15/08  The Great Unwind
07/31/08  Change in Leadership
07/15/08  Housing and Banking May Improve Yet
06/30/08  Is Worldwide Inflation Caused by the Fed?
06/15/08  The dollar discounts a better future
05/31/08  Oil Prices Should Fall Soon
05/15/08  The Wisdom of Crowds
04/30/08  Is GDP Inflated?
04/15/08  The Euro-Rocket will burn out
03/31/08  The Tail Wagging the Dog
03/15/08  The $1 Trillion Solution
02/29/08  Inflation up Close
02/15/08  Credit Markets Lead Stock Markets
01/31/08  Doubling Down
01/15/08  Recession in 2008

12/31/07  How Many Bubbles in 2008?
12/15/07  The Slope of a Slope
11/30/07  The United States are for Sale
11/15/07  What Everybody Knows is Not Worth Knowing
10/31/07  Which Economy are You Looking at?
10/15/07  Bull Markets Everywhere - Why not at Home?
09/30/07  Recession Threat Receding?
09/15/07  Hedge Funds
08/31/07  Volatility can be Your Friend
08/15/07  Remembering Fingers of Instability
07/31/07  Remembering 1994
07/15/07  Volatility creates Risk and Reward
06/30/07  The Price of Risk
06/15/07  Inflation Measures vs. Inflation Expectations
05/31/07  End of an Era and Buy the Dip
05/15/07  Inflation can be Many Things to Many People
04/30/07  Stable Cash Flow is King
04/15/07  Spillover and Cycles
03/31/07  Oil Pricves Are Rising Again
03/15/07  Liquidity Aplenty
02/28/07  Equity Creation and Destruction
02/15/07  Credit Creation and Destruction
01/31/07  Fed Governors Give Green Light
01/15/07  Falling Oil Prices are Inflationary

12/31/06  Can You Handle The Truth?
12/15/06  Recession Postponed
11/30/06  Even the Greatest of Events have no Special Causes
11/15/06  Bears are Smarter but Bulls Make More Money
10/31/06  Goldilocks or Recession - All or Nothing
10/15/06  Wall Street vs The Economy
09/30/06  Recession Threat!
09/15/06  Recession Watch
08/31/06  How Weak is the Economy?
08/15/06  Soft Landing or Recession - Part 2
07/31/06  Soft Landing or Recession?
07/15/06  Bear Market?
06/30/06  The Bank of Japan Affects all Markets
06/15/06  Shot Across the Bow
05/31/06  Volatility Rises
05/15/06  Old Men Playing with Fire
04/30/06  IMF Gains Importance - Dollar Declines
04/15/06  The Industrial Sector is Strong and Gold Benefits
03/31/06  The Ultimate Wall of Worry - Part 2
03/15/06  Memories of a Crash
02/28/06  The Ultimate Wall of Worry
02/15/06  Losing Energy?
01/31/06  Soft Landing?
01/15/06  Catch 22

12/31/05  Yield Curve Inversion II
12/15/05  Yield Curve Inversion
11/30/05  Supply and Demand in the Labor Market
11/15/05  Supply and Demand
10/31/05  Bernanke and the Toughest Job He Ever Loved
10/15/05  Inflation Condundrum
09/30/05  Real Estate Becomes Risky
09/15/05  Inflation is on the Rise
08/31/05  Recession and the Greenspan Put
08/15/05  Global Savings Glut
07/31/05  China Revalues the Yuan
07/15/05  US Consumption Rises, Manufacturing Slows
06/30/05  The Dollar and the Manufacturing Sector
06/15/05  Euro, Dollar, Yen or Gold?
05/31/05  Europe is in bad shape – the US is not
05/15/05  Kerkorian Fallout
04/30/05  Softpatch
04/15/05  Perception and Reality on Wall Street
03/31/05  Inflation spooks Wall Street
03/15/05  General Motors went through the windshield
02/28/05  Stocks wavered and then took off
02/15/05  What everybody knows, is not worth knowing
01/31/05  When will consumers be tapped out?
01/15/05  The Going gets tough