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Comstock Partners, Inc. analyzes economic and financial conditions from a long-term macro-economic perspective and makes adjustments based on cyclical and shorter-term considerations. In pursuit of its goals, the firm invests in various asset classes including domestic and foreign stocks, bonds, currencies and derivatives including indices and options. For the Capital Value Fund, Comstock Partners can buy or sell short and make use of leverage in order to maximize returns under various market conditions. In effect, we believe our operation resembles a modern-day hedge fund in its scope of activities.

Economy

Here’s Why The Economy Feels So Bad

Comstock Partners Jul 14, 2011

As we have said numerous times, economic growth following major credit crises is always slower than average, while recessions occur more often as consumers deleverage the vast amount of debt built up during the boom. In our view it will…

Political Economy

Why Fed Policy Is Paralyzed

Comstock Partners Jun 23, 2011

Comstock Partners writes that a QE3 program is not completely off the table. It just appears at this point that the bar for doing it is so high that a prerequisite would be a collapse in the economy and a declining stock market. That would…

Economy

QE3 will only become a reality after the economy deteriorates

Comstock Partners Jun 4, 2011

As Jon Hilsenrath pointed out in Thursday’s Wall Street Journal Bernanke has already indicated that the hurdle to more quantitative easing is very high. This is not to say that QE3 is off the table forever. But QE3 will only become a…

Economy

Debt Problem Grave, But Solution Elusive

Comstock Partners Apr 1, 2011

By Comstock Partners The massive U.S. debt problem that we have been discussing so often for many years has now become widely known both to investors and the general public. It has been a major topic of discussion in the media as well as…

Economy

Why The Mid-East Turmoil Is A Big Drag On Economic Growth

Comstock Partners Feb 25, 2011

The upshot of all this is that oil prices will probably remain high and could very well rise significantly even from current levels. For the U.S., studies indicate that every $1 rise in the price of a barrel of oil is about equivalent to a…

Markets

No Easy Way Out Of The Dilemma

Comstock Partners Feb 18, 2011

By Comstock Partners It seems incredible that the Fed is creating the third bubble within 11 years, but that is what is underway. In the late 1990s the Fed kept the pedal on the gas and helped engender the dot-com bubble that collapsed…

Economy

Normal Recovery? No Way

Comstock Partners Jan 28, 2011

by Comstock Partners The majority of economists and strategists are now telling anyone who will listen that the economic recovery is now normal and are trumpeting this view to jump-start the stock market. They are confidently…

Markets

Market Is Overbought, Overextended and Overvalued

Comstock Partners Dec 17, 2010

by Comstock Partners After an 86 percent gain in 21 months the market looks overbought, overextended and overvalued. Furthermore the economy is unlikely to grow enough to reduce unemployment, lead the Fed to raise the funds rate or cause…

Markets

Market Still Facing Major Risks

Comstock Partners Dec 10, 2010

The deal between President Obama and the Republican congressional leadership is not likely to have a significant positive effect on an economy facing severe headwinds pulling in a negative direction. The key fact to remember is that we are…

Economy

Is America Following the Same Path as Japan?

Comstock Partners Dec 3, 2010

Ever since the U.S. financial crisis in 2008 there have been many comparisons to Japan and their "lost decade." Most comparisons mark the start of each financial crisis as the end of 1989 for Japan and 2007 for the U.S. We believe each…