Talking Heads?

Mike WilliamsEconomic Update, Hot Topics, Market ReviewLeave a Comment

It began with the usual fretting over “selling in May and going away.” It then ebbed into the Memorial Day kickoff to summer and meandered its way here – now, seeing the last few weeks of the thickest summer haze unfold. We made it through Brexit, several medium size “Black Swans” and now seem to be inching closer to yet … Read More

The Rake…

Mike WilliamsEconomic Update, InsightsLeave a Comment

Rake: “the rake is a scaled fee taken by a card room operating a poker game. It is taken from each pot as the game is played. It reduces the value of the pot every single time.” Even as the summer haze thickens – just as expected for August activity – the Barbell Economy portfolios continue to provide a solid … Read More

Simple Thoughts

Mike WilliamsEconomic Update, Insights, Market ReviewLeave a Comment

Simple: “easily understood or done; presenting no difficulty.” Synonyms: straightforward, easy, uncomplicated, uninvolved, effortless, painless, undemanding, elementary, child’s play. Complex: (mathematics) “denoting or involving numbers or quantities containing both a real and an imaginary part.” Imagine for a moment hearing the process of building your wealth over a long period of time described as “simple.” In the early 80’s when … Read More

Paradigm Shift(s)

Mike WilliamsEconomic Update, Insights, Market ReviewLeave a Comment

Paradigm Shift: “a fundamental change in approach or underlying assumptions.” This was required in the late 70’s / early 80’s to understand the upcoming move from a manufacturing and industrial driven past to a technology expanding future. The stage is set for it to be a requirement again. Just as it was “not clear” for many years in the 80’s … Read More

Blind Spot(s)

Mike WilliamsEconomic Update, Insights, Morning Minutes2 Comments

Blind Spot: “an area where a person’s view is obstructed.” Fearing the collapse of our economic system has been a running theme for many years now – it is not unique or new. It is also very, very crowded. First – welcome to the end of another week. We are down to 4 left until the official end of summer … Read More

The Greatest Risk?

Mike WilliamsEconomic Update, Insights, Morning MinutesLeave a Comment

The Olympics have opened, the August haze is thickening, the heat is on and the bears are wondering aloud why the end of the world refuses to arrive. All is well right? The age old issue of finding something wrong with anything continues. It was not too long after the blowout jobs numbers that we saw the negatives streaming across … Read More

Yawn – More Jobs

Mike WilliamsEconomic Update, InsightsLeave a Comment

As the churn of August ends its first week only down a bit, it is important to note that markets have not yet traded back below their most recent breakout levels. While I am surely hopeful we get that trade back to skim off any early bullish feelings, it may not be in August as noted earlier in the week. … Read More

Wizard Behind the Curtain

Mike WilliamsEconomic Update, Market ReviewLeave a Comment

Markets continue to churn through earnings (see below). With the August doldrums dead ahead, that feeling of walking in quicksand may indeed be with us for the next several weeks as the summer ebbs into history. The swoon is out there somewhere right? On that note…Goldman sent out a pretty interesting piece yesterday. It hit all the major headlines and … Read More

The Doldrums Are Coming

Mike WilliamsBulls vs. Bears, Economic Update, InsightsLeave a Comment

Ah yes, the start of a new month – and August at that – the often ugliest month of the summer haze. Every August 1st I always tell myself I will ignore everything in August – except the summer swoon. I note again for this time of year: August is often the month where so few are paying attention that … Read More