Ivory’s Economic Outlook

Below is a list of our latest Newsletters. I hope you find them interesting and informative as we provide a perspective of our Economic Outlook….. Ivory’s Economic Outlook! To receive monthly updates, please use the button below to sign up for our mailing list.



A PERFECTLY STRAIGHT SHOT WITH A BIG CLUB IS A FLUKE – Jack Nicklaus, 18-time major golf tournament champion (Spring 2021 Newsletter)


My father’s Mercedes was so old that it had reached “and something” status, which is to say his car had 300 “and something” thousand miles before he was finally convinced to buy another vehicle. He ended up getting a 2010 E Class with all the bells and whistles when a steering wheel, four tires and a radio would have sufficed. When I asked him how he liked his new car he said it had everything but another woman. Then he asked me not to tell my mother what he just said.

DOWNLOAD PDF

 



LIFE IS LIKE BEING AT THE DENTIST. YOU ALWAYS THINK THAT THE WORST IS STILL TO COME, AND YET IT IS ALREADY OVER? (Winter 2021 Newsletter)


It seems the Federal Reserve spent $3 trillion fixing the stock market and not the economy. To offer a sense of how responsive the central bank has been, it’s been estimated that 20 percent of all currency in circulation today was created just last year.

DOWNLOAD PDF

 



THE TRUTH IS, I’VE NEVER FOOLED ANYONE. I’VE LET MEN SOMETIMES FOOL THEMSELVES? (Fall 2020 Newsletter)


My father was not the least bit concerned about COVID-19 during the early stages of the pandemic. I suppose surviving the Korean War and Jim Crow would give one a false sense of invincibility. In classic old man seen it all fashion he said he wasn’t worried about “some damn cold”. Of course, it’s not the war that kills most veterans, but rather the deadly scars of combat.

DOWNLOAD PDF

 



WHO COULD BLAME ME IF I WERE IN THE BUSINESS OF PREDICTING ANIMAL BEHAVIOR AND BET A LARGE SUM OF MONEY THAT A LIMPING ZEBRA WOULD BE EATEN BY A PRIDE OF APPROACHING LIONS? (Summer 2020 Newsletter)

This is no time to place a large wager on or against hastily constructed fences or the immediate demise of a Zebra who can’t outrun his predators, not when hungry lions and the Fed both have impressive track records.

DOWNLOAD PDF

 



THE CORONAVIRUS WAS THOUGHT TO BE A SPEED BUMP, AND MAYBE THAT’S WHAT IT WILL BECOME. (Winter 2020 Newsletter)

Economic growth has been weaving its way lower, snaking and hissing through indigenous rhetoric and central banking pep talks from around the globe – everybody’s on board. The engine of commerce is impervious to the gravity-stricken earnings numbers, that while beating expectations, are not improving on a rate of change basis.

DOWNLOAD PDF

 



THE VICTORY IS NOT CHOOSING ONE OPTION OVER ANOTHER, BUT DOING SO BASED ON A REPEATABLE PROCESS. (Fall 2019 Newsletter)

The market, much like a man who lost his hair far earlier than he expected, isn’t quite sure what to make of it all. While 75 percent of the S&P 500 companies that have reported topped analyst expectations, a third of the companies issued lower earnings guidance.  

DOWNLOAD PDF