Pacific Capital Associates
Inflation Risk and the Mythical Gold Bubble
Submitted by Liberty Valley on Tue, 2010-03-02 17:50.The following is excerpted, with very
minor edits, from a letter to investment clients sent out on January
20, 2010.
Inflation Risk
We've explained many times
our strongly-held conviction that in the
years ahead, the dollar is going to lose a significant amount of
purchasing power against things that people need to buy.
The Recovery(?) and the Outlook for US Stocks
Submitted by Liberty Valley on Tue, 2010-02-16 14:59.The following is excerpted from a letter
to investment clients sent out on January 20, 2010.
The Recovery(?)
In a client letter written in April 2009, we made the bold (at the
time) suggestion that
regardless of the long-term structural issues facing the US economy, it
was entirely possible that the jaw-dropping levels of economic stimulus
underway at the time could create some sort of cyclical economic
rebound. This claim seems less crazy now, as there has clearly
been a rebound in various sectors of the economy.
contact new
Submitted by Liberty Valley on Wed, 2010-01-27 00:57.
Pacific Capital Associates
3914 Murphy Canyon Rd, Ste A168
San Diego, CA 92123
Map
Phone: (858) 560-5244
Fax: (858) 673-2604
FAQs new
Submitted by Liberty Valley on Wed, 2010-01-27 00:15.- What do you do, exactly?
- What makes you different from other firms?
- Who are you?
- What is your relationship with Girard Securities?
Market Commentary new version
Submitted by Liberty Valley on Tue, 2010-01-26 23:34.
All Articles
US Stocks Overpriced Once Again Oct 29, 2009Short-Term Gain, Long-Term Pain from the Biggest Stimulus Ever Jun 10, 2009US Not Going Down Japan's Road Mar 16, 2009The US Government Will Not Choose Deflation
test article
Submitted by Liberty Valley on Mon, 2010-01-25 23:01.Favorite Articles
US Not Going Down Japan's Road
March 16, 2009
The US Government Will Not Choose Deflation January 7, 2009
US Stocks Overpriced Once Again
Submitted by Liberty Valley on Thu, 2009-10-29 10:51.Back in June of 2008, we wrote that the US stock market -- then at 1,377 on the S&P 500 -- was priced for poor returns. We were talking about prospective long-term returns, but as everyone knows, the market experienced an epic crash beginning just a few months later.
Short-Term Gain, Long-Term Pain from the Biggest Stimulus Ever
Submitted by Liberty Valley on Wed, 2009-06-10 12:59.The following thoughts on the economic stimulus and its potential outcomes are excerpted from a letter to clients sent out on April 20, 2009.
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The Stock Rebound
You may have noticed that stocks in general have made quite a rebound over the past couple of months. As I write this, the S&P 500 has moved up nearly 35% from its early-March lows. Also beneficial to our portfolios, the dollar has dropped pretty sharply over that same period and many of the inflation-hedge themes we favor have done quite well.
