Terry Burnham

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...

The Death of Chicken Little? Chicken Little has underperformed stocks since I started this blog: The Dow Jones Industrials are poised to mak...

Chicken Little Still Bearish Here are three important predictions I have made:  1. The US budget deficit is large and that is a problem .  2...

Sold stocks; Interest rates up to cycle highs  

Fire in the Bond Market Early on April 9, 2025 global bond prices were plummeting, and stock markets were set to crash. Hours later, Preside...