CNBC Appearances

March 01, 2019

February Letter

Over the past few months, it has become abundantly clear that the U.S. economy is slowing down. It took much too long for Fed Chairman Powell and most of his...

December 26, 2018

To Our Valued Clients and Friends

To say that 2018 ended on a miserable note would be the understatement of the century. The economy grew at roughly a 3% rate. Corporate profits rose in excess of...

November 01, 2018

The Month of October

The 6.9% decline in the Standard Poors 500 Stock Index during October, the biggest monthly decline since September 2011, reflected economic fundamentals as well as seasonal and technical factors.The index...