The German Constitutional Court delivered excellent news Wednesday morning: the world as we know it will not be ending after all. More accurately, the judges rejected a petition to block German participation in the Eurozone’s €500 billion bailout fund, the European Stability Mechanism.  I don’t need to tell you that the stakes were high. Had...Read More

There is an art to following the recommendations of Wall Street strategists.  Taken individually, the average strategist tends to be pretty sharp.  They do their homework, they have well-funded research teams, and it can be worthwhile to hear what they have to say, even if their advice tends to be very conventional. But whatever value...Read More