Monthly Archives: March 2015

Earnings caving under delirious stock valuations

Automated trading machines incited by central bank jawboning the world over, have helped to push global stock markets to the highest valuations since March 2000 and October 1929.   Meanwhile earnings and sales are plunging…from a Q1 analyst consensus for S&P … Continue reading

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Fed out of options as earnings recession begins

“There will never be a good time to raise rates off zero when you’ve been there for six years,” Peter Boockvar, chief market analyst at The Lindsey Group, told CNBC. “The Fed’s screwed, essentially.” Actually, the Fed members are well … Continue reading

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How speculative booms end

For those dreaming that maybe today’s excessive valuations in most financial assets can resolve in a virtuous end of gentle mean reversion, or suddenly soaring GDP, sales and earnings that will miraculously ease current cash flow strains, we offer the … Continue reading

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Comparative annual salary of world leaders

I find data like this fascinating. Top earning world leader is Brigadier General Lee Hsien Loon, Prime Minister of Singapore since 2004 (with an outrageous lead). China’s Xi Jinping is pulling up a very distant rear. Of course special perks, … Continue reading

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Bill Black explains control fraud at Citibank in careful detail

Bill Black has penned yet another patient summary of the staggering evidence of fraud at Citibank, as well as all the many ways that the captured government and regulators have done their best to bury it. Mr President…you want to … Continue reading

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Solar panel roads

“Do you know what makes a person a genius? The ability to see the obvious. Very few can do that.” –Charles McCarry What if roads and parking lots were solar, fueling enough energy from the sun to power nearby communities … Continue reading

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