Jun 11

New Issue Promotions

The following aptly describes the art of creating and distributing new issues of stock. It is from an important publication.…

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Jun 2

Credit Spreads: Update

The turn in credit spreads expected for some time "around May" seems to be underway.  While the Fed has the…

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May 14

Great Cars, Soaring Sales and Financial Manias

Soaring overall automobile sales and the wonders of very upscale cars are making headlines around the world. In China the…

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Mar 6

Real Climate Change: Update

The most reliable measure of recent global temperature history is the satellite record and it has been trending flat for…

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Feb 18

Sovereign Debt Follies

Financial manias and their consequent collapses have been around for a long time. Such extravagance has been called a folly…

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Nov 6

Gold

We all know the meaning of "let the buyer beware" and its Latin version Caveat Emptor. Caveat Venditor has been…

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Oct 9

Carbon Emission Credits

"Carbon will be the world's biggest commodity market, and it could become the  world's biggest market overall." (more...)…

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Sep 13

Global Warming Nonsense Tyrannical Duncery

With a degree in Geophysics this writer has found the story about man-caused global warming fascinating. Fascinating in its blatant…

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Aug 13

New Issue Mania

One of the highlights of a great bull market has been excitement about new issues of stock. This was one…

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Jun 11

Educating the Fed and Climate Alarmists

In bowing to the powers of political correctness, I would like to apologize for the title of this address. To…

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Feb 20

Peak Oil: Update

"Peak Oil" has been the theory that the US, in particular and the World, in general would run out of…

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Nov 11

Extraordinary Fed Funding

World War II was prosecuted in the defense of freedom... (more...)…

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Jun 26

Disorderly Credit Markets

As we have noted, in the credit markets, the term "Disorderly" is a euphemism for "Crash". And this is the…

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Jun 14

Inflation Is Instantaneous

The financial mania climaxed as a complete bubble in 2007. Virtually, this replicated the conclusion of all of the great…

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May 30

The General Theory of Authoritarianism

There are any number of names that can be used to describe the Administration’s policies. However, in this polite assembly…

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May 24

Interesting Action

Wednesday clocked some reversals that were attention-getting. Key sectors recorded dramatic "Outside-Reversals-To-The-Downside".  These include the senior stock indexes a well as Transports,…

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Jan 11

Outlook 2013 The Year In Cliches

The "January Effect". Stock market action in the first week will determine the trend for the rest of the year.…

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Jan 9

Danger!! Reaching For Yield

These gems are from the January 4th edition of the Financial Times, and the following cartoon provides a vivid illustration…

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Sep 10

Preparing for the Fall

In a world of uncertainty, in one sector there is a lot of certainty. The interventionist establishment remains confident that…

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