The Lost Decade Ahead

“The worst is behind for the economy, and we’re on the mend,” was the quote of the week, and it came from David Katz, chief investment officer of Matrix Asset Advisors. (Katz was interviewed for a piece on Bloomberg.com this morning.) This wonderful summation regarding the state of the economy came on the heels of [...]

Consumers High on Hope

Consumers are high on hope, choosing the drug peddled by politicians, mall operators and bankrupt car makers, over the dismal news coming from the housing and job markets. Consumer sentiment, the lifeblood of the American economy, climbed last month to the highest level since last year. The faint glimmers of good news in some areas [...]

Still Heading for the Abyss

Stock markets across this troubled planet rocketed ahead late this week – mainly on Thursday – because it appears that the world’s largest economies are slowing down as they approach the abyss. But, what jubilant investors are missing is that we’re still headed for the abyss – the economic trajectory has not changed. Extremely tough [...]

Debt leads to families living in boxes