Sudden Debt

 We all know that the Gulf exports massive amounts of crude oil, refined products, LNG, fertilizer, helium, aluminum - and they all have to ...

 I hold this truth to be self evident:  Politicians should never, ever mention the stockmarket in their speeches. Why? Because when doing so...

  The latest available data puts US margin debt at an all time high of $1.25 trillion (FINRA, Feb. 2026) - see chart below.  But is this all...

The Iran War is causing energy prices to spike world-wide.  Energy is the most important cost element in consumer price inflation, since it ...

Warren Buffet is unquestionably the greatest value investor of all time. Yet, he may have unwittingly recommended the worst investment strat...

What made America truly great was that from its start it took tens of millions of poor, underprivileged immigrants and transformed them into...

 Algorithmic trading now accounts for 60-80% of all equity volume in the US.  Astonishing. I wonder... since algo trading is basically a tre...

 Mr. Warsh has just been nominated as Fed Chairman by President Trump.  If he acts on his old convictions, he will be an excellent choice, i...

 As we bid 2025 adieu, here is a list of what I think were the major themes of the past year and my views for the future. Donald Trump becam...

  Banks are repeatedly using the Fed's Standing Repo Facility (SRF)  recently, ie borrowing overnight funds directly from the Fed agains...