The following is adapted from this year’s Note 30 of The Kelly Letter, emailed to subscribers on May 26. I receive notes occasionally from subscribers interested in the situation with banks. Some wonder why we don’t own any stock in them. The situation isn’t good, I’m afraid. The Federal Reserve reported that the level of […]
Category Archives: US politics
The Great Reset Ahead
The following is adapted from this year’s Note 21 of The Kelly Letter, emailed to subscribers on April 7. Let’s recap how the United States got into the financial mess it’s in. In the modern era of Federal Reserve bailouts that began in the dot com bust of 2000, the Fed has expanded its balance […]
Also posted in Discussion of the Week, Sovereign Debt, US Economy
Comments closed
Is Voter Turnout the GOP’s Main Problem?
The political chattering class has been dissecting Mitt Romney’s defeat. Democrats and their supporters say the Republican party is full of stale ideas and frustrated white men, unsuitable for the new American demographic, on its way out. Its views on social issues such as abortion and gay rights are out of step, its views on […]
Also posted in Discussion of the Week
Comments closed
What the Election Means to Stocks
The following is from this year’s Note 55 of The Kelly Letter, which went out to subscribers yesterday morning. Here we are. At last the campaign is about to end and America will choose its next president. At the end of whatever chaos ensues in a close vote, the next president will emerge. What will […]
Also posted in Kelly Letter Excerpt
Comments closed
The Looming Election Letdown
The following is from this year’s Note 40 of The Kelly Letter, which went out to subscribers last Sunday morning. The letdown once the next White-House name is known may be acute. We’ll get either “Four more years of the guy who hasn’t done a thing for the economy” or “Four years of the guy […]
Also posted in Kelly Letter Excerpt
Comments closed
