Some Common Cents for December 23rd, 2016

December 27, 2016, by John Norris

Since the election, I have had more than one person ask me a variant of: “how are we going to pay for everything Trump says he is going to do?” This is ordinarily more rhetorical than an actual desire to know the answer, which is understandable. There has been no shortage of so-called experts predicting fiscal rack & ruin over the next 4 years. It always seems to go something like this: “Based on what...

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Some Common Cents for November 4th, 2016

November 7, 2016, by John Norris

This week, a client told me my recent newsletters have taken the tone of a frustrated poet. I laughed and told them there was an element of truth to that. After all, the markets seem to be paying attention to only two things at present: 1) the Federal Reserve, and; 2) the Presidential election. How much more insight can any one individual provide over the reams of paper commentators, including yours truly, have already devoted...

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Some Common Cents for September 2nd, 2016

September 2, 2016, by John Norris

This week, the European Commission (EU) ordered Apple, Inc., to pay the Irish government $14.6 billion in back taxes it claimed the company owed. Interestingly, the Irish weren’t asking for the money, quite the opposite. They were actively arguing otherwise. However, the powers that be, and in Europe there are a lot of them, determined a tax deal the country made with Apple amounted to an illegal state subsidy, and, therefore, was anti-competitive. Make no...

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Some Common Cents for July 15th 2016

July 18, 2016, by John Norris

The cover of The Economist for the first week of November 1997 is one of my all time favorites. Here it is, and a quick note to the good folks at the magazine: I am not making a dime from this, but thanks: If you are reading this on your phone, you might have a hard time reading the captions. On the far left, a broker is telling a client over the phone “I’ve got a...

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