Global Economy

Some Common Cents For Friday November 17, 2017

November 17, 2017, by John Norris

In case you didn’t pick up the November 7th copy of Pravda, you might have missed the 100th anniversary of the Bolshevik Revolution. This was ultimate act in a year of great turmoil within Russia which resulted in even more years of civil strife and decades of economic mismanagement. While Lenin and his proletarians were passionate and idealistic, it is safe to say they didn’t completely understand economics. Apologists for the former Soviet government tend...

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Some Common Cents for October 27, 2017

October 27, 2017, by John Norris

Although I don’t consider myself a codger, I have recently found myself saying things like: “when I was a kid” or “I am old enough to remember when.” You know, the sort of stuff that makes you an old-timer whether you care to admit it or not. This week, I was rooting around in a plastic pumpkin full of candy in our office building looking for something good to eat. Specifically, I was looking for...

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Some Common Cents for October 20, 2017

October 20, 2017, by John Norris

One of my wife’s co-workers recently turned us onto a PBS Masterpiece series entitled ‘Poldark.’ As an aside, in case you didn’t already know, Masterpiece is a code word for: 1) originally produced by and aired on the BBC well before PBS got ahold of it, and; 2) a dramatic piece of historical fiction set in the United Kingdom at some point prior to, interestingly enough, television. ‘Poldark’ is no different. Without going into exhaustive...

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John Norris: When making financial decisions, look to the past

October 16, 2017, by John Norris

A few years ago, my daughter asked me some detailed questions regarding the Vietnam War. Let’s just say I wasn’t as knowledgeable or detailed as she would have liked. So much so, I had to defend myself with something along these lines: “I was too old for it to be in my history books, but too young to remember what actually happened.” Perhaps as a result, I greatly enjoyed the recent documentary on PBS by...

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Some Common Cents for October 6, 2017

October 6, 2017, by John Norris

I started in this industry working on a buy-side bond trading desk, as well as managing money market and municipal bond funds. My employer in Baltimore had some pretty strict credit standards, and, as a result, we were not big buyers of Puerto Rican debt. This was a little unusual in the industry since the stuff ALWAYS had insurance which meant, at the time, it carried a triple-A rating. Further, due to favorable treatment from...

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John Norris: Warren Buffett’s long-range Dow prediction is hogwash

September 25, 2017, by John Norris

[caption id="attachment_2759" align="alignleft" width="259"] (Photo Bill Pugliano/Getty Images)[/caption] Last week, famed investor Warren Buffett boldly predicted the Dow Industrials will be over 1 million in 100 years. On its face, that would seem to be a pretty robust outlook. Dow 1 Million? Wow. If only, huh? The problem with such seemingly outlandish statements is they are hogwash, and I mean complete and utter rubbish. So much so, I will go Buffett one step farther and...

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John Norris: Which came first? The consumer or the product?

September 18, 2017, by John Norris

My daughter will periodically declare herself a vegetarian for a number of different reasons, none of them dietary in nature. This will last for a few days or until the next time we have spaghetti for dinner, whichever comes first. It seems her convictions are no match for a good Bolognese sauce. A couple of weekends ago, she came home from college and we all went for a hike at one of the parks here...

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Some Common Cents for September 8, 2017

September 8, 2017, by John Norris

The Science Channel has a new program called “The Planets” which airs on Tuesday evenings. I missed the first episode on Jupiter, but I found the second one on Venus to be absolutely riveting. Where do these people come up with these crazy hypotheses? Have they nothing better else to do? For instance, who would have thought the proximate cause for the inhospitable climate on Venus was/is a collision with a more minor planet during...

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Some Common Cents for August 11th, 2017

August 11, 2017, by John Norris

During a conference call on Monday, I told our wealth management associates the markets were/are as boring as I had/have seen them in my career. A steady diet of modest economic growth and acceptable, if unremarkable, earnings will do that. Further, there is really nothing on the foreseeable horizon to suggest any significant change. Yesterday, the stock markets sold off, and a number of people have asked me whether this is the start of something...

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Some Common Cents for July 7th, 2017

July 10, 2017, by John Norris

I have recently written about the potential for some form of consolidated government in the Birmingham metropolitan area. For those not in the know, many, if not most, of our suburbs have incorporated themselves over the last 70+ years. The endgame has been a relatively diminished ‘center city’ surrounded by fully functioning municipalities with their own unique identities. Tens of thousands of people, if not hundreds of thousands, in the metro area might not even...

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