In this week’s Barron’s (yes, this week’s — I know I said I don’t read the new Barron’s when it comes out but here is full disclosure: when the new Barron’s drops on my doorstep, I will pull out the middle Market Week section and read that over the weekend as well as Alan Abelson’s [...]
For the (few) people who’ve been following my website and now blog for most of the year, you know I’ve been echoing the same themes again and again. But to recap quickly:
1. Peak oil is a reality. Do not be fooled by this asinine focus on weekly inventory numbers. Do not confuse [...]
Some of the “experts” on Wall Street remind me of another useless species, jazz critics. Some of these unproductive types spill much ink debating about whether this sounds like jazz or that doesn’t sound like jazz — it’s hard to find a more idiotic discussion. To paraphrase Miles Davis, once you can [...]
Markets are rallying today. I scanned the Bloomberg headlines and there’s something about a Cisco buyback and upgrades on oil stocks.
Here’s some other news that may be of significance:
Fed Governor Jawbones Market Against Rate Cut Expectations (yeah, uh-huh)
Our Fairweather Pal, FedEx, Cuts Forecasts
Goldman Sachs Warns of Recession Risk
TIC Data Comes in Under Expectations
The TIC [...]
The volatility we saw over the summer has returned to the markets.
No one knows where the economy is headed though it seems everyone has an opinion on it. Here’s mine:
Wall Street, at the very least, is being myopic. There have been too many big-company CEOs sounding the warning bell about recession to ignore. [...]
Sorry about the absence the last few days…I’ve been feeling a bit under the weather.
The Asian markets (ex-China) are kicking off the week with continued selling. Bloomberg is carrying a story about foreign central banks trying to deal with the US dollar’s continuing slide with a variety of FX and capital controls. Who [...]
