Daily Archives: April 10, 2015

After the oil rush: thoughts on secular cycles

Since Canadian oil sands benchmark Western Select Crude (WCS) sells at a discount of 25%+ to West Texas Crude (WTI) (see here), Canada has the distinction of producing the lowest valued oil in the world.  Due to high monetary costs … Continue reading

Posted in Main Page | Comments Off on After the oil rush: thoughts on secular cycles

GE backs out of banking while the goin’s still good

Genius is before the fall. Rescued by government loans in the 2008 meltdown, Jeff Immelt is looking to exit the risky operations of GE’s finance arm, before chickens come home… Real-estate investments and lending aren’t an obvious fit with GE’s … Continue reading

Posted in Main Page | Comments Off on GE backs out of banking while the goin’s still good

China: another debt boom goes bad

Data from China grows grimmer by the day. Construction spending that had driven some 70% of Chinese GDP the past few years is officially reported as down 18% to date and falling. But with massive overbuilds and mal-investment nationwide tangled … Continue reading

Posted in Main Page | Comments Off on China: another debt boom goes bad