Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin was good.

Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries.

Pay per click was just the beginning. The real evolution is pay per action.

Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.

Bonds despite their ridiculous yields will not easily be threatened with a new bear market.

Human nature means that institutions at some point lose their sense of mission. That sense of vulnerability drives Pimco.

If financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.