As we sit in year-7 of a historic bull market, with earnings likely to decline for the 3rd consecutive quarter, the lack of a margin of safety in most stocks, bonds, and real estate is becoming painfully obvious. The Federal Reserve’s record-low interest rate policies have driven all asset classes higher, to levels where the...Read More

John Paulson has finally had his desired impact as the Hartford Financial Group (HIG) announced that they will be winding down their annuity business, to focus on P&C Insurance, employee benefits, and their mutual fund business.  The annuity business created too much stress on the Hartford as declines in the market caused extreme volatility that...Read More