As I mentioned in my post about the latest employment numbers, I’ve been focusing quite a bit on all of the good things happening for the U.S. economy. But that doesn't mean I'm not paying attention to potential threats. 

Let’s take a look at a couple of economic risks the U.S. faces.

Today’s post will be a short one for two reasons. First, Commonwealth’s Massachusetts office is closed due to the snowstorm slamming New England.

Second, of course, is because my home, my family, and I are about to be crushed by the oncoming glaciers. So I hear, anyway.

Let’s take the factors we discussed yesterday and apply them to the countries that matter, starting with China.

The largest economy outside the U.S., China is approaching several challenges, the most urgent of which is the need to shift economic growth away from infrastructure and investment and toward consumption. Let’s examine the data and see what an outside view suggests for investors.

Now that we’ve determined which countries are globally relevant, from an economic point of view, we need to decide which factors really matter in how those countries will fare over the next five years.

Building on yesterday’s post, today we’ll start to look at what a global perspective means in an investment context. Of course, I know perfectly well that all countries matter; what I’m getting at in the headline is “Which countries are economically significant on a global scale?”

This week, I'm at Commonwealth’s Chairman’s Retreat in Miami, a place that quickly reminds you that the world is much bigger than the U.S. As it happens, my talk here will focus on the rest of the world—and how, exactly, the U.S. fits into it.

This post previously appeared in mid-2013, but given the Fed’s ongoing monetary policies over the last few years, and the recent volatility in the currency markets, it makes sense to revisit today.

In my role as chief investment officer at an independent broker/dealer–RIA, I often receive questions from advisors, their clients, and the media about the potential for a dollar collapse and, more important, what currency would replace the dollar in that (in my belief) unlikely event.

As 2014 draws to a close, it's time for my traditional Christmas post. Best wishes to you and yours this holiday.

I have always loved Christmas. But as I grew older, I seemed to lose much of the spirit. Now that I have a six-year-old son—who is wrestling with the stress of being good under the eye of the “Elf on the Shelf,” guessing about presents under the tree, and baking cookies with his mom—I find myself recovering much of the Christmas spirit I had lost.

The holidays are always a good time to reflect on the many things we have to be grateful for. As we settle in for a family celebration, here’s my list.

As I’ve written before, the doomsayers have been pretty comprehensively wrong, at least in terms of their dire predictions for the U.S. While they may yet be right elsewhere in the world, I thought we’d do a premortem on their behalf to figure out how they might get it wrong for the global economy, too.

What if everything turns out just fine?