The US stock market has run up quite a bit as it looked forward to a lot of promises by the new administration: lower corporate tax rates, $1 trillion in infrastructure spending, and higher economic growth. This has made an already-expensive stock market (one of the most expensive in history even before the election) and…
Details
There is an ironic blessing, which some consider a curse, that goes, “May you live in interesting times.” The implication is that uninteresting times are usually marked by peace and tranquility, and are therefore more preferable to interesting times, which can often be characterized by upheaval and surprise. With the state of the political landscape,…
Details
On Wednesday, January 18, the Rotary Club of Coronado got a special visit from Rotary International President, John Germ. He inducted incoming member Karol McClelland, oversaw the recognition of over twenty Paul Harris fellows, and spoke with club members for about 30 minutes on topics ranging from the organization’s role in eradicating polio to the…
Details
I just happened to be listening to an 80’s music compilation while reading about how Trump will bring about a new economic era of growth similar to what Reagan accomplished in the early 1980s. It’s a popular narrative in the financial press that’s easily eaten up by the 20-second sound bite world we live in.…
Details
Here’s a quick recap of events leading to today: A) Trump won the Electoral votes, Clinton won the Popular vote, the markets crashed overnight, then rebounded the following morning. Markets initially feared a contested election and a ripping up of trade agreements that would result in trade barriers, tariffs, and trade wars, then realized that…
Details