Seek the Summit

US stocks continue to fall. Yesterday saw across the board declines that capped the worst January on record: The Dow Jones declined 9%, while the S&P fell 8.8%, and the Nasdaq dropped 6.5%.
Common sense on the street dictates “As goes January, so goes the year”.  If that is the case, it’s going to be tough, [...]

Survive an Economic Depression

Although recessions have an official definition set by the National Bureau of Economic Research, depressions do not. That means it is open for discussion whether the US is in one or not. Nevertheless, falling asset and home values, and rapidly declining employment numbers suggest it’s still far from getting better.