“It’s Cloudy” Fatigue

Mike WilliamsEconomic Update, Market ReviewLeave a Comment

There have been times in the past where “crowd fatigue” was itself a drag on markets in the near-term.  It seems pretty clear to me we are jogging through a period just like that now. The combination of the feared earnings recession continuing, the interest rate hike media-mania and the election vitriol is more than enough to push anyone out of the … Read More

Much Larger View

Mike WilliamsEconomic Update, InsightsLeave a Comment

Some feel the need to always have a sense of fearing “what’s next” in the process of markets and money. If so, then it has typically been more productive to think about elements which are not plastered all over the headlines and being discussed in never-ending soundbites no matter where you look. Those things do not tend to be the … Read More


Mike WilliamsEconomic Update, Insights, Morning MinutesLeave a Comment

Capitalism:   “An economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.” Baby Stats Update:  In case you felt demographics moved too slowly to be important:check this article here. We have … Read More

Lost in the Haze?

Mike WilliamsBulls vs. Bears, Economic Update, Market ReviewLeave a Comment

The chop of August – as well as price setbacks for many of the year’s leaders to date – has all been pretty normal this summer for the run we have had. This week and next should end the hazy feeling we have been sifting through – capped off of course by the Jackson Hole speeches on Friday. That surely … Read More

Simple is Tough

Mike WilliamsEconomic Update, InsightsLeave a Comment

Hard to believe that we are approaching the end of August – nearly 2/3’s of 2016 is already in the history books. One more weekend and then the official end of summer Labor Day weekend will be here. Before you know it, we will be getting warnings about “early Holiday Season shopping” traffic or worse, the pain retailers will go … Read More

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