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United States
The most important factor to producing strong investment returns are valuations, and lately with a slight increase in volatility, valuations on some key opportunities have become more attractive.
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As I write this, the Dow has experienced its longest losing streak since 2011. Nearly 1/4th of the way into 2017, we are finally seeing some real volatility and more attractive investment opportunities are popping up each day.
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  I’ve written and talked a lot about the overall stock market being slightly overvalued and bonds being in a massive bubble. With that said, many stocks and industries have sold off dramatically over the last year and a half and are in their own bear markets. It is somewhat surprising that the index itself...
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    “Many that are fallen shall be redeemed, and many shall fall that are now in honor.” Horace 20 B.C. During the late 1990’s, tech stocks reached valuations that nobody could explain. While most people saw the dynamically changing marketplace and felt the extraordinary impact of the internet, traditional valuation metrics such as P/E...
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I’ve received many questions on really what the Brexit means. It is a rather confusing subject in many ways so I found a very good article that does a better job explaining it than I could personally. I wouldn’t pay too much consideration into the last few days trading since the results of the election...
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The U.S. economy is slowing quickly and nowhere is it more apparent than the ISM’s manufacturing purchasing managers’ index plunging to 49.7% in June.  A reading below 50% shows contraction and this is the first time the number has been below 50% since July 2009.  Problems in Europe and a slowdown in the United States...
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EU lawmakers seem intent on turning a recession into a depression by imposing absurdly high capital requirements which would serve to stifle lending at the worst time possible.  This is one of the most obscene over reactions that I can imagine, and it is totally impractical for banks to raise that much capital when the...
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This article shortly and succinctly outlines the problems that some of these European countries are having in establishing a competitive economy.  Ridiculous labor laws that stifle business are devastating particularly in such a globalized economic environment where lower labor costs can allow a competitor to “eat the lunch” of the higher cost business.  These types...
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At TTCM we have maintained that their are two ways to resolve the European crisis.  The first way is to abandon the Euro currency and allow struggling countries to depreciate their currencies as has been the model for a millenium, prior to the establishment of the Euro.  The second way is to adopt the same...
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