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“An explosive critique about the investment industry: provocative and well worth reading.”
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Monthly Archives: January 2015
Financials feeling the weight of mere mortals
Financial sector shares have historically traded in cyclical correlation with real economy sectors like minerals, mining and materials in North America. After all financial fees are not a driver of the real economy, but rather a tax that rides with … Continue reading
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Banksters have a problem in Greece
The new Greek finance minister has a PHD in mathematics. He can follow the numbers, he knows they make no sense, and he means to put a stop to the madness. See: Greece’s finance minister is no extremist. Here is … Continue reading
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Loss to S&P earnings worst since 2008 financial crisis
A strengthening US dollar is a headwind for S&P 500 earnings, but an even more significant shock is the evaporation in the price of oil the past 7 months: every dollar drop in energy sector earnings expectations is not being … Continue reading
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