Once A Trend Is Established It Tends

Markets Can Influence The Events That They Anticipate.

Merkel Has Realized That The Euro Is Not Working, But She Cannot Change The Narrative She Has Created Because That Narrative Has Caught The Imagination Of The German Public, And The German Public Has Accepted It.

Making An Investment Decision Is Like Formulating A Scientific Hypothesis And Submitting It To A Practical Test. The Main Difference Is That The Hypothesis That Underlies An Investment Decision Is Intended To Make Money And Not To Establish A Universally Valid Generalization.

To Others, Being Wrong Is A Source Of Shame; To Me, Recognizing My Mistakes Is A Source Of Pride.

The Pro-israel Lobby Has Been Remarkably Successful In Suppressing Criticism. Politicians Challenge It At Their Peril Because Of The Lobby's Ability To Influence Political Contributions.