I feel lousy
I feel lousy. That’s probably good news for the stock market. I am what the financial industry calls a “contrarian,” which is to say that when everyone is buying, I look to sell. And when everyone is selling, I try to find things to buy. That’s oversimplifying it, but you get the picture. But what…
By Allen Harris
February 14, 2022
Race to the bottom
Before the weekend of June 5–6, 2021, I enjoyed a fully vaccinated (literal) water cooler chat with Nate and Scott, two of the advisors at Berkshire Money Management. The shop-talk topics were various: the economy, investment selection, politics. Our conversation veered to the recent chatter about global tax reform. Specifically, the Friday, June 4 meeting…
By Allen Harris
June 14, 2021
Has inflation hit its peak?
The Consumer Price Index (CPI) is an often-used gauge of inflation in the U.S. economy. On December 10, 2021, the CPI rate was a blistering 6.8 percent year-over-year (YoY), more than triple the Federal Reserve’s 2 percent target and its highest level since 1982. Even though energy takes up less than 8 percent of the…
By Allen Harris
December 20, 2021