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The Markets Message
"However much cash the government showers on the economy, there will be no net increase in capital investment. By writing a check the federal government does not create a single dollar of new resources."
Economy Watch – 4/21
~ R. David Ranson, President
and Director of Research
HCWE & Co.

Publication Highlights as of May 1, 2021

Market-Driven Tools for Asset Allocation  Strategic Asset Selector
How a permanent portfolio could have weathered the pandemic
A "permanent portfolio" is an embodiment of the virtues of diversification, designed to insure investors against the volatility of markets. Such a portfolio would have produced a 14% return in 2020 with a drawdown of only 2%.
Market-Driven Tools for Asset Allocation  Economy Watch
Caution: not all saving translates into investment
However much cash the government showers on the economy, there will be no net increase in capital investment. By writing a check the federal government does not create a single dollar of new resources.
Market-Driven Tools for Asset Allocation  Fixed-Income Barometer
"Market forecasts" for the coming twelve months as of May 1, 2021
Market-Driven Tools for Asset Allocation  International Barometer
"Market forecasts" for the coming twelve months as of May 1, 2021
Market-Driven Tools for Asset Allocation  Synopsis
Briefing Points on the Global Market Outlook, April 2021
The election triggered a drastic change in the direction of federal economic policies desired by the incoming administration. But since the congressional result was such a close thing, a deepened gridlock situation is a likely possibility.

HCWE In the News

Wainwright in the news
bullet New! Interview Josh Jalininski, Part II, The Financial Quarterback, WABC 5/7/2021 Watch
bullet New! Interview Josh Jalininski, Part I, The Financial Quarterback, WABC 5/7/2021 Watch
bullet Interview with Charles Heller, Podcast, Liberty Watch Radio, KVOI, Tucson 4/4/2021 Listen
bullet DOES GOVERNMENT “STIMULUS” REALLY STIMULATE?, The Beacon, Independent Institute, 3/30/2021 Read
bullet How Did Forecasters Get the Pandemic Economy So Wrong?, The Beacon, Independent Institute, 12/1/2020 Read
bullet Advancing without Effective Monetary or Fiscal Policy, Featuring R. D. Ranson, PodBean.com, The IRF Podcast, October 19, 2020 View

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