Entries by Mark Wallace

Commercial Real Estate Debt: Calm Before the Storm or the Pause That Refreshes?

Estimated Reading Time: 5 minutes

Sometime during the mid-afternoon of July 17, 1967, a band of six mountaineers set off from Camp VII at 17,900 feet on Mount McKinley in their quest to reach the summit.  Four others of their party had summited the mountain two days earlier after an eight-hour climb from Camp VII with nearly perfect weather. The […]

Welcome To The Wile E. Coyote Markets

Estimated Reading Time: 4 minutes

Those of us who grew up in the 1950s and 1960s watching television cartoons may remember a famous character from Looney Tunes:  Wile E. Coyote, a cartoon character who was forever bested by The Road Runner.  On occasion, Wile E. Coyote would be hanging suspended in midair over a chasm.  Everything seemed fine for a […]

The Stealth Bull and Bear Markets In Gold and Bonds

Estimated Reading Time: 5 minutes

Almost a half-century ago, legendary trader Richard Dennis of C&D Commodities put on a famous trade:  long (soy)beans and short bonds.  The trade reflected the established bull market in commodities and bear market in 30-year U.S. Treasury Bonds.  It was an era of high inflation (peaking at 14 percent during the disastrous Carter Administration).  Bonds […]

The Multiple Indictments of Donald Trump and the Rising Tyranny of the Far Left

Estimated Reading Time: 4 minutes

Until less than six months ago, no United States president or former president had ever been indicted for any serious crime.  The closest any president had ever come to criminal prosecution for a serious crime was Richard M. Nixon, who was named as an “unindicted co-conspirator” in the Watergate affair in the mid-1970s.  Ulysses S. […]

The Removal-of-Classified-Documents Hoax

Estimated Reading Time: 3 minutes

The Radical Left’s fanatical hatred of Donald J. Trump truly knows no bounds.  Back in early 2016, some Leftist elements cheered his nomination for President by the Republican Party because they believed he had no chance of winning the White House.  When that was proven false by Trump’s overwhelming Electoral College victory in November 2016, […]

Understanding Today’s Economy and Financial Markets

Estimated Reading Time: 7 minutes

Editor’s Note: The Prickly Pear published a related article last week on January 3 entitled The Price of Easy Money Now Coming Due. We recommend reading both articles together to understand current economic conditions and our readers’ concerns about personal financial situations.   When it comes to the economy, nearly the entire populace is of […]

Weekend Read: The“Progressive” Left: Existential Threat to America’s Constitution and Liberty

Estimated Reading Time: 6 minutes

Perhaps the biggest mistake liberty-loving Americans can make is to assume that so-called “progressives” are people who have America’s best interests at heart but simply have different views about how to make America a better place.  To believe this is to believe the wolf in sheep’s clothing is really a sheep.  The wolf’s sheep clothing […]