Posted on November 23rd, 2011 by Rob McDonald

It seems hard to believe, but 3 years ago last month, famed investor Warren Buffett wrote a widely circulated editorial in the New York Times entitled “Buy American. I am.” The column discussed the chaotic crash in stock prices that was unfolding before our eyes. Today, market participants simply refer to the period as “2008.” […]

Posted on November 17th, 2011 by Rob McDonald

To be blunt, Europe is a mess. It is difficult to read through any of the morning papers these days and not feel pessimistic. Not only has the market fell victim to headline-driven volatility, the stories behind each one illustrates a gloomy outlook for the region. The credit market has sharply sold off sovereign debt […]

Posted on November 13th, 2011 by Barry Schwartz

Yesterday I had the 3pm blues. Groggy and grumpy my need for caffeine led me to my neighbourhood convenience store where I found what I was looking for…a can of Coke Zero. While I felt better 10 minutes later, I couldn’t believe I shelled out $1.25. As a kid 30 years ago, I remember buying […]

Posted on November 10th, 2011 by David Baskin

We all want to know what will come next, but so far, nobody has discovered a way to find out. This is as true about economics as it is about anything else. The late Canadian-born economist John Kenneth Galbraith contended that the only function of economic forecasting is to make astrology look respectable and it […]

Posted on November 7th, 2011 by Rob McDonald

Fears of a double-dip recession in the United States began last spring and strengthened into the summer. New job data sagged, confidence worsened, and production fell. It could have emanated from the Arab Spring, or perhaps it was the earthquake in Japan. It might have been the anticipation that the Federal Reserve would cease further […]

Posted on October 28th, 2011 by Barry Schwartz

There is nothing more dangerous than investing by looking in the rear view mirror. A short sighted investor will say that because he has earned nothing in stocks over the past few years, that he should sell all of his stocks and own bonds. Sell low and buy high. We have to remember that a […]