
Batten Down The Hatches
“The legend lives on from the Chippewa on down of the big lake they call Gitchee Gumee…” so begins the eponymous ballad by Gordon Lightfoot about the Edmund Fitzgerald.
“The legend lives on from the Chippewa on down of the big lake they call Gitchee Gumee…” so begins the eponymous ballad by Gordon Lightfoot about the Edmund Fitzgerald.
Feels like April 14, 1912 all over again. Not so much actually hitting the iceberg, but the fact there are only so many lifeboats for way too many passengers. Fast forward to present day and the clamoring to exit any asset class is experiencing the same déjà vu.
So we begin the Roaring 20’s. Question is, will this decade mimic it’s counterpart of a century ago? For the early part, I hope so, but definitely NOT the end, as 1929 wasn’t a very good year.
Happy New Year !!! A most sincere 2015 welcome and ‘All My Best’ to clients. You have made NEAM and my life’s work in the world of personal finance extraordinarily gratifying and fulfilling. For all of that, I cannot ‘Thank You’ enough!! Another nod goes out to prospective clients, mostly from client referrals; welcome to a plain English summation of what I see happening in the midpoint of this decade. As always, let’s examine flashpoints, positive and negative…