THE BIG PICTURE Ok, here’s a Big Picture of where America and we Americans stand today. A fairly downbeat Big Picture so buckle your seatbelts. America has been on the verge of a major comeuppance for many, many years. But its been postponed and postponed. Because the US dollar is the world’s...
THE BIG PICTURE Last Monday I presented the bull’s three pronged case , that: (1) the credit crisis is past it’s worst stages, (2) that we can skirt a recession or just experience a mild one and (3) that we have good value in stocks today. I offered the bull’s view up for balance, to...
OIL NOW AT $130! What will be the resolution of today’s high oil prices? The best, first approach in analyzing anything is to look back at any historical parallels we can find. The two oil crises of the 1970’s pop immediately to mind. Thus I just printed out a few online histories, including...
THE ECONOMY Written Monday, May 5th, 2008: Regular Weekly Overview: Numerous economists are now saying the possibility of an US recession has passed. I think this change of viewpoint began about a week plus back when the Durable Goods Orders–Ex Transports for March rose +1.5%, better than the ...