For What It's Worth Blog

Last week Stan Druckenmiller, one of history’s best investors, appeared on CNBC Squawk Box and reiterated the mantra that “entitlements” are the problem with the budget and deficits. It appeared th … read more

In the Wall Street Journal last week, I read an article about monetarism that’s important, even if the author’s perspective is less than right.As the author, James Mackintosh, correctly points out … read more

It’s been a while since the last FWIW, primarily because I’ve been dumbfounded by the surreal events taking place. I’m not speaking about the stock market and its rise this year. That’s the only ev … read more

The Fed paused raising interest rates, and the stock market immediately declined then rose the next day. Now you know why (1) money managers who try to play Wall Street’s game of guessing the futur … read more

Washington can sadden an observer more than many realize. This comedy about the debt limit issue is a prime example. The Democrats thought the Republicans couldn’t find a position to negotiate with … read more