Commentary

Each month, the BCWM Portfolio Management team publishes an Investment Commentary that examines the latest developments in financial markets and the economy. We filter out the noise and present the information most relevant to our investment strategies and management of our clients’ portfolios.

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No New Taxes? Think again.

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I filled my gas tank last night: $55.30. A new record for my Toyota Solera. Last month, it took just under $50 if my tank was near empty. I know you are probably thinking, why do I wait until my tank is almost empty to fill it? Well, it’s a winter thing. I hate getting…
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No Food? Give Us a New Leader!

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Commodity prices are on fire. The cost of food in the past twelve months has exploded. To name a few: Corn          +84% Wheat       +76% Soy Beans +57% Coffee        +87% Live Cattle  +27% In addition, the prices of some non-food commodities like cotton (+150%) are much higher than one year ago. To the…
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Local Governments Have Some Problems, But . . .

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Every so often markets experience extreme reactions to situations that, in retrospect, turn out to be not nearly as extreme as anticipated. Near the end of 2000, prices of technology stocks soared to absurd levels and then crashed... crashed when the magnitude of economic growth from the internet was not nearly as extreme as anticipated.…
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PIIGS Get Slaughtered

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A sad paradox of lending and borrowing is that the borrowers who need money the most are the ones who must pay the highest rate of interest. Those who need it the least can borrow at extremely low rates of interest. High interest rates make it difficult to repay one’s debts, frequently causing one to…
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Gold Rush

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Hardly a day goes by that someone does not ask me what I think about investing in gold. Do I think the price of gold is going higher? How high do I think the price of gold can go? Is gold a good investment? The answer to any and all questions of that nature is…
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