The Compounding, Self-Fulfilling Prophecy of Government Growth at the Expense of Markets

Lately, there has been a growing anti-capitalism sentiment in the United States. A recent Harvard University study found that a majority of 18-29 year olds reject capitalism and exactly one-third (33 percent) said that they support socialism. There has been much speculation as to why the country is shifting away from its foundational economic system towards the system that has grown globally popular in the wake of the fall of state-instituted Marxism. However, it is my belief that the problem with these speculations is in their premises, not in the…

The Post-Trump Market Rally

Florida was falling. So were all of the battleground states. The so-called firewalls in Wisconsin and Virginia, too, were up in flames. It was a catastrophic failure of the Democratic machine – a blistering surprise delivered by a surge of Trump voters that lifted him from the depths of what had been believed to be almost certain defeat into a resurgent, euphoric victory. Few had expected it (disclaimer: including me) – and certainly not the financial markets. According to analysts, they’d priced in a Clinton win long ago. But when…