State of the Union


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"The Government Comes Up With the Money"

A mindset that's killing our economy
Wednesday, January 29, 2014, 12:48 AM

I'm half-heartedly watching the State of the Union address right now. What a cynic I've become.

My younger self would be shocked and saddened to learn how I've come to view these annual addresses as little more than a game of charades. The President (not just Obama, but his predecessors, too) reads a carefully and expensively constructed script designed either to elicit self-congratulatory applause from the echo chamber side of the hall, or to lob political harpoons into the other.

But in the end, it's nothing more than a game of words. And the real issues that desperately need addressing get ignored, glossed over, or showered with pablum and over-promises that will never materialize. » Read more


Off the Cuff: When the Wheels Will Come Off

The argument for a major correction by Spring
Thursday, February 14, 2013, 11:47 AM

In this week's Off the Cuff podcast, Chris and Charles discuss:

  • The (Dire) State of the Union
    • The money for the Administration's grand vision just doesn't exist
  • The Housing Market
    • Bubble pricing returning to several markets
  • Currency wars
    • Why the dollar will likely strengthen further from here
  • The Next Correction
    • Here by summer?