The Trump administration is raising fears of a possible trade war, a development that is unsettling markets around the globe, upsetting some of our closest allies, and causing great concern to both a wide swath of US business leaders and to leaders of the President’s own party. Following the…

The Wall Street Journal had a story on the front page of the “B” section Wednesday morning about banks getting some relief with regard to counting municipal bonds among their “liquid assets.” On Tuesday the Senate voted to formally debate a bill containing that provision, and it should have…

As a part of his first semiannual monetary policy report to Congress, Chairman Powell made an appearance this week before both the House Financial Services Committee and Senate Banking Committee to discuss monetary policy and the state of the economy. How did he do?

Many thanks to all who emailed a response to Guns 1-2-3.

“16 US steel stocks market cap up $1B as a result of tariff announcement today. Rest of S&P 500 down $400B. "Making Americans Poor Again." (H/T Smails)”. – Doug Kass, March 2, 2018

Readers are invited to research the following words: protectionism, tariffs, quotas, trade barriers,…

VITA stands for “Volunteer Income Tax Assistance.” There are additional specialized programs like it. The key to success of the new tax reform law is to have these programs used. Why?

In part one of this series, I wrote about my personal journey with guns. Part two involved the US stock market and bond market and Cumberland’s investment policy and how it relates to the three public companies that constitute the gun makers whose shares trade on the US exchanges and are thus…

“I don’t want to invest in any gun makers,” said our client. She was and is passionate and adamant. “This shooting stuff has to stop.”

“I agree with the goal” is my repeated reply. No one wants to see the scenes we are witnessing. But let’s talk about the investing issue and not the…

Each year at the Camp Kotok gathering in Maine, there is an optional morning for those who want to shoot. A variety of weapons are available. All shooting is supervised and all is on ranges or safe venues. We debated doing this for a few years and then tried it. The response was large. Many of…

In their February 15 DataTrek newsletter, Jessica Rabe and Nick Colas refer to the classic DuPont model in discussing how to deal with equity valuations. They admit that “Permanent changes to the tax code shift returns higher.” We agree. They then temper their outlook by introducing the deficit…