During the past several years I have said repeatedly that talk of the death of the US dollar was at best premature and at the least not desirable or practical for a variety of factors. These reasons include the fact that the vast majority of both sovereign and corporate debt…
Since 1968 the Oxford English Dictionary has defined “Trivia” as “Details, considerations, or pieces of information of little importance or value. Things of little consequence.” That is wrong on two counts. “Trivia” should also be defined as “Facts [as about people or events] that are not well-known.” Further, “trivia” provides…
AS I pass another “timeline” milestone this week, I will admit that 40 years ago I genuinely thought that by this time I would be “mellow.” The word comes from the Late Middle English period from the 14th century and until the 15th century and meant “ripe, sweet, and juicy.”…
The war continues.in the House of Representatives. However, there seem to be some panic about a potential war pitting China against the United States. First, let us turn our attention to the other wars in progress. The war in Ukraine is in the final stages with Russia having achieved its…
About a month ago on ANC Market Edge, I said that I expected the price of Brent crude oil to be about $107 per barrel by the end of the year, even with all the “wars and rumors of wars” going on. That predicted price seems foolish with Brent now…
Back in the day, we called them “Old Wives’ (Woman’s) Tales” or the formal term cliché, for a phrase expressing an idea that everyone knew to be true. We did not need any personal or even empirical knowledge of it being a fact, just that it was a passed down “generational truth” or “conventional wisdom”
Yesterday marked the 22nd anniversary of the airline hijackings committed in 2001 against the United States. The significance of that event has naturally been diminished over time, but in retrospect it was a turning point for the US and therefore the world. If, as some conspiracists claim, the US government…
The most iconic photograph of the 20th century was taken in February 1945 at Yalta, a resort city on the Crimean Peninsula. At the “Yalta Conference,” three men US President Franklin D. Roosevelt, UK Prime Minister Winston Churchill, and General Secretary of the Soviet Union Joseph Stalin discussed the postwar reorganization of…
"Sunset Boulevard” is a 1950 film about an aging, forgotten silent film star Norma Desmond, who dreams of making a triumphant return to the screen. Desmond refuses to accept that her fame has evaporated and is unaware that her butler secretly writes the fan letters she receives. Norma has planned…
One of the first “rules” I learned as a New York stockbroker back in the 1970s was that you never turn down free food or free drink and the best place to find those was at a listed company’s Annual Shareholders Meeting. Back in the good old days of the…