The morning email (today) from my friend Dennis Gartman really struck home with me. Dennis and I have a standing agreement to grant each other permission to quote each other. So here is what I read in Dennis’ morning missive:

We thank readers for comments on our Sunday morning piece about the Fed and the risk of policy mistakes. For those who missed it, the link is here: http://www.cumber.com/fed-employment-mistake-or-correct-munis/. For those who missed my colleague Bob Eisenbeis’s piece on Fed policy, here’s the…

Albert Einstein was, it turns out, apparently not the person who defined insanity as “doing the same thing over and over again and expecting a different result” (see https://quoteinvestigator.com/2017/03/23/same/); but it’s a good definition just the same.

The definition certainly applies…

To no one’s surprise, the FOMC left its target range for the federal funds rate constant at 1.5 to 1.75%. This decision maintains the Committee’s record of no rate hikes at meetings where no SEP forecasts were available and also spaces out its gradual normalization of policy. There is virtually…

Many thanks to readers for comments about our “Thucydides – Part 1.” For those who missed it the link is http://www.cumber.com/thucydides-part-1/.

In this part 2 we must first offer an apology to Professor Graham Allison. An astute reader caught a typo on a third occurrence of his first…

“Let China sleep; when she wakes, she will shake the world.” – Napoleon, 1817 (citation source: Graham Allison)

Last week the Spring Meetings of the International Monetary Fund (IMF) and the World Bank brought together in Washington the world’s finance ministers, central bankers, financial experts and economists, other government officials, and invited representatives from the private sector, academia,…

An isolated Pacific island barely big enough to accommodate an airstrip has gained global importance (see photo: https://en.wikipedia.org/wiki/File:Marcus_Island_DF-ST-87-08298.JPEG).

Leo Chen, Ph.D., Portfolio Manager & Quantitative Strategist for Cumberland Advisors, will join me to speak on July 12th for an annual gathering of economists, bankers, academics, and finance industry representatives known as the Rocky Mountain Economic Summit. If you missed Dr.

We thought we would list a few things for readers to think about when contemplating the US stock market.

1. The first is a brilliant research observation from Morgan Stanley’s Andrew Sheets, who writes from London:

“The result can materially boost the income a USD investor receives…