William Hecht
Author Archive

William Hecht

Markets

  MY INTRODUCTION to the concept of gold as an investment began in the late 1980s. I was a young stockbroker in Arizona, and while copper mining dominated the extraction industries then, there was still talk of gold mines and claims on thousands of acres that might translate into billions for lucky investors. After the inflation scare of the late 1970s (shortly after the US abandoned the gold standard), confidence in the financial system had eroded. Gold was seen as a way to preserve purchasing power if a currency kept losing purchasing power (due to inflation). Even as prices were coming down in the late 1980s, investors called in to arrange purchases of gold coins and silver bars. They brought guns and family. Precious metals

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Markets

[NOTE; This information does not constitute investment advice whatsoever. It is intended for education and entertainment only. Investment decisions should be made with the personalized attention of a professional] Stock markets follow patterns because people in groups follow patterns. One very reliable such pattern is that during major market corrections, the indexes tend to drop and then correct (bounce back) 50% before they resume the downward trend. That’s where we are now. Note the bounce is almost exactly half the distance back to the highs . The market dropped and just completed a 50% retracement or bounce. If a larger correction is coming, this would be the time to step aside. But you don’t get to know in advance. Today’s action is pretty weak and

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Movies

  Like past comedy talents such as Robin Williams and Jim Carrey, Steve Carell continues along the path toward rebranding himself as a “serious” actor. In the brand-new film Welcome to Marwen, he gets a role and a movie that should garner some Oscar attention. The film has all the ingredients of a Best Picture nomination: it has a socially prominent issue, an innovative format, and strong and diverse female roles. Based on a true story, “Marwen” very artfully follows themes and threads woven between two worlds: the real, small-town world of a disabled man and the handful of people (mostly women) invested in his well being, and the quasi-real, delusional, fortress realm he creates and catalogues through the lens of his disease-and-drug-fueled imagination. Leslie

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Movies

I had to go into the movie with some expectations because Steven Spielberg does not make bad movies, and the cast had Tom Hanks and Merrill Streep for starters. It’s always hard to know whether the times make the movie or the movie makes the times; culture and Art seem to take turns leading the way. In any case, I was just young enough to not understand what the Pentagon papers were in the early 70s. I distinctly remember that phrase as having been constantly in the news while I was in high school. What I didn’t know was that the events covered so well in this film blazed a trail that made it more possible for the press to act in the role of

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Movies

The fact that one man and a group of supporters stood up against the most powerful elements in the world in order to defend our freedom is not something that needed to be sensationalized or otherwise embellished. And while there are those who want to demonize Snowden, I say with more confidence than I have said about anything else I know about life, history will make him a great hero. – That is, as long as we follow his lead. Because if we if we allow the government into the most private rooms of our homes and our minds, then Orwell’s terrible vision will have coalesced around us. As you recall, it was the job of Winston Smith himself to be part of the team that rewrote

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StickyMore

About 30 months ago, I left Arizona after having lived there more than half my life. I had grown up in Racine, Wisconsin, and when I left for Arizona to go to graduate school, I had just turned 26.  A marriage, a divorce, and a couple careers later I was 55; my work-life was changing and my father’s health was failing. The decision to move back to Racine was made easier through a series of ever-longer visits back “home,” to the same house I grew up in, the nearby Great Lake, the change of seasons, the mix of industry and farming, and the community that somehow still knew me. Twenty years ago, in conversation with  Karen P______, an AA friend, I heard some words that

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