Posts under ‘Quarterly Client Letter’

My 1st quarter 2013 client letter expressing my hopes and concerns for the near term investment, economic and business cycle picture.

2012 was a good year for stocks, the S&P 500 gained 13%. Gold marked an unprecedented 12th consecutive year in the black with a gain of 5.7%. Fiscal cliff deal?

A review of the quarters events and my near term economic and business cycle concerns. this quarter, the middle class, real estate, the economy and fraud.

My 4th quarter client letter where I share my thoughts and concerns regarding investing and the economy.

In the 3rd quarter the terrible recession of the last couple of years was officially declared over in June as per the NBER, though for a lot folks I doubt it either feels like it or looks like.

Is the economic recovery transitioning to one that is self-sustaining or as government stimulus is withdrawn, will the recession rear its ugly head yet again? There is a great deal of debate in the media on the subject of double dip recessions, how rare they are etc., etc. Technically this argument is moot as the NBER have yet to date the end of the current recession.