So we’re continuing our look into the green energy industry. (If you missed our earlier letters in this thread, you can read them here and here.) Today I want to share another shortcoming of the industry. Up till now, a large chunk of investment in green energy (both in terms of dollars as well as …
The Government’s Green Commitment… (or What do they care? It’s your money not theirs…) Read More »
In our last chat, we started talking about renewable energy as a potential investment. Strictly from a perspective of physical science, renewable (or green) energy sources simply don’t generate the amount of power we need to run the world that hydrocarbon-based energy has created (and, according to green advocates, put on the path to destruction.) …
Every so many years, green energy raises its head and sticks itself back into the national consciousness. (Usually when some other crisis needs papering over.) Back in 2006, Al Gore went on his “Inconvenient Truth” tour. A couple years back, there was a push for a massive spending program by the progressive end of the …
The Big Green Investing Push: Time to “Green” Up Your Portfolio? Read More »
Earlier this week we talked about what to watch for when it comes to the Fed handling the current bout of inflation. It’s not an enviable spot for Chairman Powell to be in. The Fed can only talk a good game for so long. Eventually they’ll have to take some action on the “political” inflation …
Last Friday’s employment numbers were underwhelming to say the least. Nonfarm payrolls came in at 194K for September, well off the 500K consensus estimate. The August number was revised up by an additional 131K jobs, which took a little sting out of the number. The unemployment rate (notoriously manipulated) came in better than expected at …
The trading world is full of helpful maxims: “Cut your losers short and let your winners run…” “Losers average losers…” “You’ll never go broke taking profits…” “Buy the rumor, sell the fact…” And of course… “If you liked it at $10 — you gotta love it at $5.” (Actually some were not so helpful!) For years, …
The Most Important Lesson I Taught My Trading Noobs Read More »
Two weeks ago, in an update to our paid subscribers, I assessed the impact of the pending default of Chinese real estate developer Evergrande. Over the previous weekend, the company announced that it likely wasn’t going to be able to pay its bills. (That’s the vendors and suppliers it owed, not to mention the creditors …
I once heard a TV talking head say “the market was wrong…” He was talking about the market’s rally in the face of what would otherwise be a bearish economic report. He should’ve been fired on the spot and reassigned to paper hat duty at the station’s cafetaria. Here’s the unvarnished truth. The market is …
There’s a great scene in the movie “Too Big to Fail” where the powers that be are staring financial Armageddon in the face. Lehman Brothers had just failed… Which created a loss of faith in the financial system and sparked a run on capital at investment banks. Markets around the world were freezing up. With …
Since the economy-crushing lockdowns of last year’s pandemic, the Federal Reserve has been doing what it does – trying to breathe life into the economy. And so the Fed has been buying $120 billion in treasury and mortgage backed bonds every month for nearly the last year and a half. Obviously that can’t go on …
