Monthly Archives: November 2012

During the consumer credit bubble, global shipping capacity was ramped up to carry the volume. Now that the bubble has burst, the sector finds itself awash in vehicles vying to carry still shrinking volume. This is deflationary, and is positive … Continue reading →

The Leaf is the world’s most popular electric vehicle, comprising more than half of all electric car sales. Leaf global sales since late 2010 total 43,000 vehicles, about half of them in Japan. More than 17,000 Leaf cars have been … Continue reading →

It is our view the main risk to equity prices today is that they are over-valued relative to global growth and earnings prospects, and that is the case even before the US feels any government cuts slated for 2013. The … Continue reading →