Dynamic Economies
Craig D. Hafer, President | Spring 2022
With the world’s eyes glued on the Russian invasion of Ukraine, few journalists noted...
Read Article
Quarterly Reports
Sort chronologically:
Ad-tention
Craig D. Hafer, President | Winter 2022
In the fall of 1833, a young man had a revolutionary idea that would change...
Read Article
A Tale of Two Interest Rates
Craig D. Hafer, President | Fall 2021
In the fall of 2011, while many investors were feeling uneasy about a possible debt crisis...
Read Article
What would Graham say?
Craig D. Hafer, President | Summer 2021
n 1949, Benjamin Graham wrote one of the most popular investing books ever published...
Read Article
A Return To Normal?
Craig D. Hafer, President | Spring 2021
Over the past year, I have often wondered what the tale of Rip Van Winkle would look like...
Read Article
A Debate On Debt
Craig D. Hafer, President | Winter 2021
In September 1789, a 32-year-old Alexander Hamilton had a problem. As the newly appointed...
Read Article
A Massive Cash Injection
Craig D. Hafer, President | Fall 2020
It has been over six months since the United States experienced the most severe economic slowdown since...
Read Article
The Tipping Point
Craig D. Hafer, President | Summer 2020
In the mid-1970’s, the song “School’s Out” by Alice Cooper quickly became the anthem to my third-grade...
Read Article
Lesson Learned
Craig D. Hafer, President | Spring 2020
As he reflected upon the events leading up to World War II, Winston Churchill wrote, “Not one of the lessons of the past has been learned...
Read Article
Trump-onomics
Craig D. Hafer, President | Winter 2020
Each December, the Greater Reading Chamber Alliance hosts its Annual Economic Forecast Breakfast...
Read Article
Dr. Shillers Remarkable Chart
Craig D. Hafer, President | Fall 2019
In our office at Walsky Investment Management, there is a large red binder that sits inconspicuously...
Read Article
Something to Celebrate
Craig D. Hafer, President | Summer 2019
In the Caribbean sits the tiny island of Nevis. With a dormant volcano and black sand beaches...
Read Article
Off-Balance
Craig D. Hafer, President | Spring 2019
Many experts are predicting that within 10 years, China could surpass the United States as the largest...
Read Article
A Good Bet
By Craig D. Hafer, President | Winter 2019
If there is one element that has permeated human existence, it would surely be risk...
Read Article
The Makings of a Bull Market
Craig D. Hafer, President | Fall 2018
It has been ten years since the stock market crash of 2008. Since then, the market has been on a tear.
Read Article
Why Did You Do That?
Craig D. Hafer, President | Summer 2018
Richard Thaler had a problem. As a graduate student at the University of Rochester, he began to have…
Read Article
A Cash Windfall
By Craig D. Hafer, President | Spring 2018
The irony was not lost on many in the news media. As the president signed the Tax and Jobs Act of 2017…
Read Article
The Overconfidence Effect
Craig D. Hafer, President | Winter 2018
The presidential election of 2016 will be remembered for many reasons. For those who watched the results...
Read Article
Unintended Consequences
Craig D. Hafer, President | Fall 2017
In 1968, a Southern-born engineer named Don Wetzel was waiting in line at a Dallas bank when...
Read Article
The Many Faces of Unemployment
By Craig D. Hafer, President | Summer 2017
June marked the 10th anniversary of the Great Recession of 2007-2009. Yet, as Barron’s magazine...
Read Article
The Environmentally-Minded Economist
Craig D. Hafer, President | Spring 2017
My father once told me that when he was a child, the Schuylkill River was so polluted that it would...
Read Article
Made in China
Craig D. Hafer, President | Winter 2017
It is easy to understand why most Americans do not view trade with China favorably. For over thirty years...
Read Article
It's a Match - Who Gets What and Why
By Craig D. Hafer, President | Winter 2016
The King of Prussia Mall, situated in southeastern Pennsylvania, is the second largest mall...
Read Article
Hobson's Imperial England
Craig D. Hafer, President | Fall 2016
Imagine a country with no laws to regulate business. No environmental laws. No labor laws...
Read Article
Cheerleader in Chief?
Craig D. Hafer, President | Summer 2016
It was a historic time eight years ago. Senator Barack Obama had just won the 2008 Presidential...
Read Article
The Pension Problem
By Craig D. Hafer, President | Winter 2015
As we enter a new year, there is a sense of optimism in the stock market and U.S. economy...
Read Article
Involatile Market - Dividends Continue To Grow
Craig D. Hafer, President | Fall 2015
The most recent market selloff has been a reminder to investors of how volatile stocks can...
Read Article
Millenials: The Next Baby Boom
By Craig D. Hafer, President | Summer 2015
Few generations in American history have made as much of an impact on the U.S. economy...
Read Article