“You can get with this, or you can get with that.” Black Sheep In philosophy, a false dichotomy is when a situation is framed as a choice between only two alternatives when, in reality, other options exist.  These either/or arguments are often used rhetorically to present one side as the obvious choice. You are either […]

“Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” Warren Buffett Coupons, discounts, sales, clearances, markdowns, etc. represent an old and powerful set of weapons in the marketer’s arsenal. Their ubiquitous use and enduring effectiveness are indicative of how everyone loves a good bargain. Snagging a deal […]

“Flying a plane is no different than riding a bicycle, just a lot harder to put baseball cards in the spokes.” Captain Rex Kramer – Airplane When descending from high altitudes there are three ways we can land: soft, hard, or crash.  This applies in both aviation and economics. Now that central banks are attempting […]

“The sky is falling.  No, I’m tipping over backwards.” Steven Wright At several points over the past 18 months, we were accused of being ‘Chicken Little’ with our warnings of rising yields.  People looked at us funny when we said the central banks had a clear path to raise overnight rates to 1.5-2%.  Our sanity […]

“I had a horrible nightmare. I dreamed that I went…back in time. It was terrible.” Marty McFly Over the past two years, investors have dealt with a constant string of ‘new normals.’  At every turn, there are new changes, new uncertainties, and new unknowns to contend with.  While some of these developments are transitory (or […]