Category Archives: Investment outlook

Chronic Underinvestment Could Push Oil Prices Higher In 2022

Bullish prospects for oil do not bode well for inflation or global warming.

Oil & Gas Investors Are Underestimating This Systemic Risk: Plugging Costs

An issue to keep in mind as fossil fuel demand declines: plugging costs can no longer be kicked down the road.

Share Buybacks Surge to Record Ahead of Potential 1% Tax: Companies Buy as Insiders Dump like there’s No Tomorrow

Buy High, Don’t Buy Low. Prices are sky-high and but company buybacks are red hot.

Bloomberg, Other Publications Criticize CalPERS’ Leverage on Leverage Plan to Boost Returns While Missing Additional Types of Borrowing

CalPERS, which has lagged nearly all other public pension funds’ performance, is doubling down on failure by resorting to leverage.

An Increase in Interest Rates Would Be An Act of Class Warfare

While increasing interest rates to combat this inflation is bone-headed, the Fed has long wanted to be out of super low rate terrain.

Dems Continue To Sink Despite Improving Economy

The popularity of the Dems is diverging from the apparent trajectory of the economy, a not normal state of affairs.

General Electric Breaks Up, Symbolizing Decline of American Manufacturing and the High Price of Financialization

How stock price fixated management and a big expansion into financial services under Jack Welch did in the once-esteemed General Electric.

Latest Fed Financial Stability Report Underplays Supply Chain Risk

The financial press overhyped the latest Fed stabilty report’s comments on China, and ignored the near total absence of supply chain woes.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Eight: Uber Still Unprofitable, But Reduces Losses by Squeezing Drivers and Restaurants

The latest update: the financial media continues to parrot management falsehoods about Uber results and there is still no path to profit.

Jobs Data Shows Something Big Changed in this Monstrously Overstimulated Economy

Cheerleading about the much improved jobs picture overlooks how many workers have gone missing.

Metals May Become the New Oil in Net-Zero Emissions Scenario

Economists project that prices for energy-transition metals will soar and their combined value could match that of crude oil

Jim Chanos: China’s “Leveraged Prosperity” Model is Doomed. And That’s Not the Worst

Famed short-seller Jim Chanos is more concerned with political fallout from China’s Evergrande than economic/financial woes.

Can China’s Outsized Real Estate Sector Amplify a Delta-Induced Slowdown?

Whether by accident or design, the implosion of China’s Evergrande will take some air out of its inflated real estate sector. What then?

Behold the Watered Stock’s New Variant!

Back to the future! Welcome to the successor to a 19th century favorite, watered stock.

The Most Monstrously Overstimulated Economy & Markets Ever

The Fed will trim back its stimulus, but it’s already pumped up markets and the unwind will be too little and too slow.