Terry Burnham

Wolf! Interest rates around the world have broken out to new cycle highs (See my post " Global Stock Markets are Next to Fall " fr...

Stocks: The Last to Fall The Chicken Little "sky is falling" thesis has three parts. Government fiscal and monetary policy are dis...

  Crushed by Debt Global stock markets continue to go up almost every day. In the face of this relentless bull market, Chicken Little still ...

War without preparation President Trump is proposing a 50% increase in military spending for the coming year. If this budget were passed, it...

Winter is coming In 2019 , I observed that, like the grasshopper, the US was running a huge government deficit during the salad days of low ...

  Bull Market in jeopardy? Global stock markets remain the last asset class standing. US Treasury bonds have lost half their value. Bitcoin ...

  Bull Market remains strong In 2025, the bull market in global equities remained powerful, while Chicken Little occasionally left his hidin...

Equities: the last market standing. Global stock markets are among the last major asset classes to prosper. Bond markets globally have been ...

AI to pay off the debt? Can AI, and technology more broadly, make us so rich that we can pay off our massive debts without collapse? US debt...

Chicken Little Stasis I am going to continue this blog until the end of the year and then re-evaluate. September 2025 was a month like almos...

Chicken Little bloodied The Bull Market continues onwards with daily record highs. Chicken Little has fought the bull for a decade, and lost...

  When will the Dow make a new high? Last month I wrote, "The Dow Jones Industrials are poised to make a new all-time high. I am likely...