Why Oil Has Further to Fall
Not all assets have gained this year. Crude oil, for one, has been slipping. West Texas Intermediate crude (WTI) is down 4.6% since 2 January. And it’s down 7.8% since a recent 6 January peak.
Featured
Our Rude Return to America
And over the last 20 years, guess which economy grew fastest — the US or the EU? America or Europe? Not to keep you in suspense, the answer is Europe. GDP per capita rose 35%…
Making Financial Decisions under the Influence of Greed
Good money managers underperform during the late stages of a bull market. Reckless money managers outperform. This happens because prudent managers start to take money off the table as prices rise.
When it Gets Stupidly Bullish, You’ll Know the Market is in Trouble
Bull markets don’t end in a fit of rationality. They end when no one cares about being the most expensive market in the world and there being no earnings growth to show for it.
What Next for Our Lumbering Banks?
One thing you can be sure of — as sure as you can be, that is, with the markets — is whatever fate awaits CBA’s numbers, you can expect that to be similar, if not…
Uneven Flow
Central banks around the world have been pumping a lot of cash into our economic system to keep the system going. Yet all this money isn’t flowing out evenly. It has mostly gone into financial…
After All the Sound and Fury…
As expected, The Donald could never go full Trade War…too much at stake. Most important, an election. And as expected, after all the sound and fury, little actually changes.
Social Media is a Social Disease
The only way to responsibly use social media is…to seriously minimise the exposure. Fight the addiction. The vast majority of it is banal noise.
What the End of a Boom Looks Like
At the beginning of a boom, manufacturing thrives. The furnaces are lit, employees are recalled, and output shoots up.At the end, the lights go out. Houston Molnar reported from our research department:
The Best Investment in the World is in Family
My mother-in-law is living proof that the best investment any of us can make is in our family. ‘The only lasting things that you can pass on to your children are not assets, but your…