Real estate investment trusts have gotten absolutely crushed over the past three months and particularly since Donald Trump’s surprise victory in the 2016 presidential election. The perception is that Trump’s economic policy will blow out the budget deficit, fuel inflation and send bond yields higher. And as REITs have become proxies for bonds in the...Read More

  Donald Trump will be the next president of the United States. Needless to say, that took a lot of people by surprise. As I’m writing this Tuesday night, Dow futures are down 800, and the dollar is tanking. People are panicking. It’s the end of America… the end of democracy itself! My advice? Wait...Read More

Jeremy Grantham had some good comments in GMO’s third-quarter letter to investors. I have come to believe, however, very reluctantly, that we bubble historians have, together with much of the market, been a bit brainwashed by our exposure in the last 30 years to 4 of the perhaps 6 or 8 great investment bubbles in...Read More

I joined Mike Robertson and Peggy Tuck today on Straight Talk Money radio. First item on the agenda… the election!   Next up, we tackled the question of bond yields… and discussed what the Fed’s next move will mean. I also talk about my favorite sector for the next year: REITs. Currently, REITs are in...Read More

Remember, remember the Fifth of November, The Gunpowder Treason and Plot, I know of no reason Why the Gunpowder Treason Should ever be forgot. Guy Fawkes, Guy Fawkes, ’twas his intent To blow up the King and Parli’ment. Three-score barrels of powder below To prove old England’s overthrow; By God’s mercy he was catch’d With...Read More