Monthly Archives: February 2016

Boardroom Recession? Maybe Just Depression. Angst. Anger….

I’ve been worried about a “boardroom recession.”  The actual numbers show a decent/improving US consumer economy.  If nothing else, billions trillions of consumer stimulus from cheap oil.*  So how to explain the widespread gloom I encountered at a recent institutional investor conference?** … Continue reading

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Peasants, Pitchforks & Torches. Or “Why Bank Stocks are Tanking…”

Bank stocks are way down globally.  An apparent mystery!  Why?  A raft of research and commentary.  Impending recession?  Are oil bust bankruptcies big enough to cause systemic crisis?  The rot of Europe’s “extend and pretend” response to the Euro crisis?  China about … Continue reading

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“Boardroom Recession” Risk Going Up? Inflation Shibboleth Slayed… Deep State in a Deep Rut?

A conversation today sparked some thoughts around sentiment inflation, negative rates, etc… So I am blatantly recycling them here.  Happy Valentines Day! I just spent the last 3 days at an institutional investors conference and boy are they a bearish … Continue reading

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Crude or Cruz? Why the Market Was Down 2%… Trump & Bernie Too

Lets review the facts. The Iowa caucuses confirm that there are a lot of angry American voters out there – Right and Left. The market tanks 2% the next day. None of my market-focused news/commentary sources draw any connection between “1” and “2” above. … Continue reading

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A Brilliant Post On Oil. If Only Written 6 Months Ago. FYI Its Gonna Keep Sucking….

My much awaited “brilliant” post on the oil price plunge.  Actually a brain flash I wish I’d had 6 months ago. Oil is in a recursive downward spiral until a (very) rational (Saudi) actor decides to stop the cycle. The “stop” signal(s) will … Continue reading

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