Brexit Update
Dear Clients & Friends, We wanted to send you a quick note as we live through another historic day in the story of our global economy. The global reaction to the BREXIT decision (U.K.’s referendum to leave the European Union)…
Worst Winter Ever!
WORST WINTER EVER!!! Ok, maybe it wasn"t the worst winter ever, but it was the coldest winter weather in the last twenty years according to the National Aeronautic and Oceanographic Administration (NOAA). Snowfall was also 21% above normal across the…
Fiscal Cliff, Slope, or Obstacle Course?
The financial media is filled with year-end dire warnings of catastrophic consequences of the U.S. economy falling over the “fiscal cliff”. Could this really happen? It could, but probably not. We and most market watchers are hopeful for a last…
Climbing the Wall of Worry!
This week is the one year anniversary of the rating downgrade of U.S. government debt. America had AAA rating for over 70 years, and last year's downgrade brought warnings from many that the interest rates on U.S. government debt would…
We Are All Linked
I recently viewed a news report on the economic troubles in Europe. This report focused on Spain’s economy, how it’s housing market remained in steep decline, unemployment was 24%, close to 50% unemployment among youth, and how despite having above…
FEAR + FUNDAMENTALS = OPPORTUNITY?
The European debt crisis, Washington political gridlock, and slow "new normal" economic growth; as investors we all lived through these market events and realities in 2011. Unfortunately, none of these conditions are likely go to away any time soon. Throw…
Emerging Markets Are Not Europe
We continue to see the Emerging market stocks get beat up as the global economy has cooled and the U.S. and European debt problems percolate every day. We believe that current headlines and TV talking heads are preventing investors from…
What Happened? Why Did It Happen? Is It 2008 All Over Again?
Just a quick note to keep you informed on what All Star Financial is thinking about the world we live in these days. Actually let"s take the last 10 business days in review: The United States lost its AAA rating.…
What’s Next?
Just a quick note to let you all know what our thoughts and actions are after the past few days. Backing up a couple of weeks, we were steadfast in our belief that the debt debacle would be addressed before the…