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Is Inflation as Bad as it Seems?

By EWM / September 22, 2021

We received a favorable inflation reading last week on Tuesday. Inflation continues to inflect from a rate-of-change basis to the negative as can be seen […]

What is a Security?

By EWM / September 13, 2021

“Define your terms, you will permit me again to say, or we shall never understand one another.”  wrote the 18th century French philosopher Voltaire. This statement […]

Sentiment Doesn’t Sway Stocks

By EWM / September 8, 2021

Last week saw a disappointing jobs report. We have seen blame thrown around from the Delta variant to enhanced unemployment benefits. In the next few […]

Everything New Is Old Again

By EWM / August 31, 2021

Analogies. They are the mental constructs that allow our very finite brains to hold a great deal of information. Seeing the similarities in seemingly dissimilar […]

Bull Markets Don’t Die of Old Age

By EWM / August 23, 2021

We often look to the past to see what the future will bring. While we have been told over and over that the past will […]

Discounted Future Cash Flows

By EWM / August 17, 2021

“A bird in the hand is worth two in the bush” goes the famous English proverb first put down on paper by the naturalist John Ray in […]