Investor CAFÉ Newsletters
Stockholm Calling: How High Can Stocks Go?
“It is the producer who as a rule initiates economic change, and consumers are educated by him if necessary; they are taught to want new things.” — Joseph Schumpeter (1934) “Gross output, long advocated by Mark Skousen, will have a profound and manifestly positive impact on economic policy.” — Steve Forbes (2014) I was invited to Stockholm, Sweden, the home […]
Mises-Hayek Walking Tour in Vienna Shows How to Profit from Austrian Economics
The Mises-Hayek walking tour of Vienna on Sept. 28 took place as part of the FreedomFest Austrian Economics cruise down the blue Danube River. The tour, arranged by Barbara Kolm, director of the Austrian Economics Center in Vienna, Austria, attracted around 25 FreedomFest attendees. It made for a busy day. After visiting the magnificent Fine […]
Why It Pays to be Bullish
“Those who are bearish on America over the long term are out of their minds.” — Warren Buffett On Tuesday evening, Sept. 19, Steve Forbes, along with several hundred people, celebrated 100 years of Forbes magazine in New York City. B. C. (“Bertie”) Forbes began America’s foremost pro-capitalist publication in September 1917. My wife and […]
Assessing the Toronto MoneyShow and the New Gold Rush
I just returned from speaking at the Toronto MoneyShow and was very impressed with how the private and public sectors work together to make the largest city in Canada a real showcase of success — especially the downtown area. There not only are lots of great restaurants, hotels, museums and office buildings, but also well-kept […]
Why Can’t We Get Rid of This Arcane Boondoggle after 97 Years of Folly?
“This maritime lobby is as powerful as anybody or any organization I have run up against in my political career.” — Sen. John McCain I have a bizarre story to share that occurred earlier this year when I was a speaker on a Forbes magazine cruise. On its way to New Orleans, the boat traveled […]
This Bull Market Can Sure Take a Punch
Wall Street surely was going to have a down day on Tuesday after North Korea fired a ballistic missile that crossed over northern Japan before crashing into the ocean. Asian military forces went on high alert, and South Korea bombed an area close to the North Korean border. Earlier this month, President Trump vowed “fire […]
Are Stocks Overvalued?
“The golden age of investing is over.” — Robert Shiller, Yale University Is the stock market overvalued? Many pundits, including Robert Shiller and Mark Hulbert, think so, based on traditional measures such as the price-earnings (P/E) ratio, dividend yield, price/book, price/sales, CAPE and the q-ratio. CAPE is Yale Professor Robert Shiller’s favorite index that measures the […]
Why I’m Still 100% Invested in the Most Disrespected Bull Market in History
“A bull market is one that can shake off even bad news.” — Don Gimpel In addition to the old saying on Wall Street above, there‘s another one that says: “bull markets climb a wall of worry.” (All of these are found in my book “The Maxims of Wall Street” — to order, see below.) […]
Guess Who’s Supporting a Guaranteed Income for All Americans
IQ-Squared sponsored a debate last Sunday on a “universal basic income” proposal — the idea of giving every American adult $1,000 a month and instantly ending poverty. You can watch the debate here: http://www.intelligencesquaredus.org. The four debaters were: –Charles Murray (AEI scholar and a “libertarian”) –Andrew Stern (former president of a service union and scholar […]
How My GO Statistic Predicted a Rebound
“GO is a leading indicator of GDP by six to 12 weeks.” — David Ranson, chief economist, HCWE & Co. I appeared today on CNBC with Rick Santelli to talk about the economy and the stock market. Watch it here. One of the reasons I’ve been bullish on the stock market and the economy is […]
