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Olduvai III: Catacylsm
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The Flim-Flam Men

The Flim-Flam Men I suspect if average Joe or Jane were asked to identify modern examples of ‘Flim-Flam Men’, many would point to Bernie Madoff or Allen Stanford. (Remember them from the last “Great Financial Crisis” of 2008?) Or even to a long list of Too Big To Fail bank CEO’s past and present, plus various corporate, […]

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DiMartino Booth: “Remember, This Is A Confidence Game”

DiMartino Booth: “Remember, This Is A Confidence Game” In the past two weeks, led by those in the Midwest, renters, part-timers and those making $50,000 or less, the Bloomberg Consumer Comfort Index has declined 4.3 points, its steepest decline since 2011; its Personal Finance Index sunk to a 10-month low despite peak stocks Since June, […]

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The CONfidence Game

The CONfidence Game The global economic landscape remains weak yet there appears to be no concern on the side of bulls and investors alike, so firm is the belief that the earnings recession that is unfolding is temporary, so firm is the belief that dovish central bankers can once again prevent any downside. I get […]

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The Confidence Game Is Ending

The Confidence Game Is Ending Immediately after the Fed hiked interest rates last Wednesday – after sitting at 0% for 7 years – markets acted pretty much as one might expect. The Fed tightens monetary policy when the economy is strong so rising stock prices, rising interest rates and a strong dollar are all things […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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