but if you are, thanks for stopping by.
The past four months have been very reminiscent of 2000 or 2007 and I've been trying to figure out how to summarize my opinions. For the time being, the markets continue to ignore warning signals regarding the global recovery. Increasingly banks and consumers are taking on increasing risks in an effort to maintain the status quo.
* Subprime lending to autos has hit 31% in the US.
* European economies are faltering in the wake of the EU/US sanctions on Russia.
* Global unrest from Hong Kong to Ukraine (btw - this story will have legs. The "cease fire" is nearly a month old, yet battles are raging every day).
* Yet, stocks are within about 2% of their all-time highs.
Something is bound to give.
I'm going to try to post more frequently and will include some non-partisan political commentary if that's okay with everyone. Congressional races across the US are become less about local politics and more about who can buy your vote. More on that soon.