Investment decisions, their genesis, and our thinking behind them.

Don't Burn Down the House

POSTED ON June 5th - POSTED IN homebuilder stocks, mortgage, residential housing

By Zev Abraham - Our country has endured an unusual past few months.  On a national level the scale of the recent civil unrest is unprecedented since at least the late 1960’s Vietnam protests and perhaps before. […]

Safety is Dangerous

POSTED ON May 1st - POSTED IN Bonds, income, yields

By Zev Abraham - “It is better to have a permanent income than to be fascinating.” - Oscar Wilde

Toto, We're Not in Oklahoma Anymore

POSTED ON April 23rd - POSTED IN crude oil

By Zev Abraham - Our research team’s mantra has been “expect the unexpected” since the market sell off began in earnest in early March.  That is because this downcycle has begun with an unprecedented collapse in a[…]

The Shopping List

By Zev Abraham - New Rochelle, New York is a small city about 25 minutes north of Manhattan.  My family has called it home for many years.  I and my wife attended the local public high school pictured below.  After[…]

Belaboring Labor Market Uncertainty

POSTED ON January 30th - POSTED IN Risk On / Risk Off

By Zev Abraham - A few days ago, while driving to work, I heard an interview on Bloomberg radio with Randall Kroszner, an economist from the University of Chicago.  He was asked about the how the labor market was[…]