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