The Independent Market Observer

Is Spring on the Way for the Economy?

March 21, 2017

As the end of the first quarter approaches, expectations are high for a new burst of economic growth. With consumer confidence at the highest point since before the financial crisis, business confidence rising to very healthy levels, and job and wage growth continuing to move in the right direction, spring seems just around the corner.

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Three Steps and a Stumble

March 17, 2017

St. Patrick’s Day, at least here in the U.S., is all about the wearing of the green. Everyone is Irish today, the green beer flows, and we have a great time—until waking up the next day with a hangover. Living in Boston, with the surname McMillan, I certainly get it.

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It’s Not All About US

March 3, 2017

Most of my posts and media interviews lately have revolved around one country: the U.S. Today, we'll take a break from the “all U.S., all the time" show to look up at the rest of the world. It’s a big planet, with a lot going on.

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What a Difference a Year Makes

February 15, 2017

“Those who cannot remember the past are condemned to repeat it.” — George Santayana

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The Stock Market and Me: It’s Complicated

February 14, 2017

In honor of Valentine’s Day, I was going to write about how much I love the stock market. The more I thought about it, though, I realized that “It’s Complicated” is a more accurate description of our relationship. I do love the market, but we have issues.

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As 2017 Dawns, Much to Be Grateful For

December 29, 2016

As I’ve said many times before, I believe that gratitude is a foundation for both happiness and a mindful life. Every day, I write down at least three things I’m grateful for, a practice that is proven to increase well-being. Beyond that, I also try to make time every couple of months to really think through my life and all I have to be thankful for.

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The Boston Tea Party and Democracy Today

December 16, 2016

It was 243 years ago today that a group of Massachusetts Bay colonists threw the Boston Tea Party, protesting a law they did not like by dumping tea from British ships into the harbor. This, of course, led to further British laws and colonial unrest—and eventually to where we sit today, in the United States of America instead of Greater Britain.

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Should You Be Worried About the Strong Dollar?

December 2, 2016

A speech I give regularly starts out with a series of worries investors have had in recent years. Four years ago, for example, we had three major concerns: the dollar was incredibly weak, oil prices were way too high, and China was a rising power. More recently (say, a year ago), we also had three major worries: the dollar was far too strong, oil prices were too low, and China was collapsing.

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In Austin, Grateful to Be Giving Back

November 3, 2016

Today will be a short post. I’m in Austin, Texas, at the Commonwealth National Conference, and I’m heading out early this morning to participate in our giving back initiative. 

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The Employment Boom Gets Louder

October 27, 2016

After taking a look at the bright side yesterday, more data has come across my desk that confirms just how reasonable (but not, of course, certain) that perspective is. One data point in particular puts some direct context around the reasons for optimism.

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Certain sections of this commentary contain forward-looking statements that are based on our reasonable expectations, estimates, projections, and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not indicative of future results. Diversification does not assure a profit or protect against loss in declining markets.

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