Monthly Archives: January 2015

Surprise, surprise…right when 100% of the sell side analysts were predicting record profit levels in 2015: “Forecasts for first-quarter profits in the Standard & Poor’s 500 Index have fallen by 6.4 percentage points from three months ago, the biggest decrease … Continue reading →

With West Texas Crude under $47 this morning (West Cdn Select around $35), we must keep in mind the $10 to $40 range (green band below) where oil prices traded before the consumer credit bubble billowed them to anomalous heights … Continue reading →

In their minds the theory is perfect. In practice their perpetual add-debt-and stir policies have proved devastating for the real economy. Widely revered and misguided, financial academics have served as maniacal pied pipers leading the masses and their governments to … Continue reading →