Latest Articles

The Fed’s Alice In Wonderland Economy – What’s Next?

By Nick Giambruno After the president of the United States, the most powerful person on the planet is the chairman of the Federal Reserve. Ask almost anyone on the street for the name of the … [Read More...]

Bloodbath in the Oil Patch

On September 10th the U.S. Energy Information Administration ( EIA) reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD. That is a staggeringly enormous number, … [Read More...]

Why Investors Cling to Hope Amid Stock Market Turmoil

History shows that many investors will hold stocks all the way down By Elliott Wave International I was watching financial television as the Dow Industrials fell 400-plus points on Sept. 1. Two … [Read More...]

Latest Financial Trends

Improving Your Investments with Decision Theory

By Jared Dillian If you’ve ever taken a decision theory class (I have, and it was awesome), this is the first thing you learn. Decision Theory You have a 50/50 chance of winning $10,000. You have P = 0.5 of getting $10,000 and P = 0.5 of getting 0. Or you can … [Read More...]

OPEC Self-Destruction Thanks To Saudi Oil Strategy?

"If you are the world's leading energy economy, you produce energy, that's what you do." "A government can stay irrational longer than it can stay solvent." "Even in the short term, you're dead, if you commit suicide." The first quote modifies a GEICO commercial … [Read More...]

Markets Crashing, Gold Rising

By Clint Siegner U.S. Investors are on edge following last week’s and today’s sell-off in stocks around the globe. The carnage impacted equity markets in Asia, Europe, and the U.S. Interestingly, the U.S. dollar also weakened. And bonds and gold are getting most … [Read More...]

3 Powerful Trends Influencing Europe’s Financial Market Recovery

There's no doubt Europe’s financial markets for the summer of 2015 were all affected by the Greek ‘tragedy’. But as of this writing, it remains uncertain whether Greece will leave the Euro-zone or not. However, without aiming to downplay the magnitude of the recession … [Read More...]

Bear Markets And Economic Contractions: 2001/2008 vs. 2015

Economic Basis For Large Bear Market Declines By Chris Ciovacco As we noted in a recent “recession odds” article, bear markets typically are caused by one of two things: a recession or tight monetary conditions. For example, the 2000-2002 bear market featured a … [Read More...]

Reasons To Remain Open To Bullish Outcomes For Stocks

When investor sentiment reaches extreme levels, it can be a contrary indicator for the stock market. For example, the highest bullish reading in the history of the American Association Of Individual Investors (AAII) Sentiment Survey was 75% bulls before the dot-com … [Read More...]

More “Funny” Data from the Government

We've been saying for quite some time that we have serious doubts about the numbers coming out of government agencies like the Bureau of Labor Statistics (BLS).  The BLS generates both the generally accepted Inflation Rate and the Unemployment and Employment figures.  … [Read More...]

Greece Should “Shoot the Dog and Sell the Farm”

By John Mauldin “If this were a marriage, the lawyers would be circling.” The Economist, My Big Fat Greek Divorce, 6/20/2015 Greece is again all the buzz in the media and on the commentary circuit. If you’re like me, you are suffering terminal Greece fatigue. You … [Read More...]

Why Buffett Bet A Billion On Solar

Warren Buffet's Berkshire Hathaway Inc (NYSE: BRK-B) is sitting on about $55.45 Billion in cash and has decided that the time is right to begin investing some of it in Solar Electricity (i.e. Photo-Voltaic Arrays in the desert). Buffet has always focused on "shovels" … [Read More...]

The Dark Side Of The Shale Bust

The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. Oil production in North Dakota has exploded over the last five years, from negligible levels before 2010 to well over a million barrels per day, … [Read More...]

The Evolution of Economic Warfare and the Oil Weapon

In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare. Recently, the US has passed sanctions on countries such as Syria, Venezuela, and North Korea , but the majority of energy related sanctions passed … [Read More...]

Just When You Thought Bonds Were Safe

In today's article Jared Dillian compares the 2/10 yield curve to a "Double Black Diamond" ski slope. In other words, it's wickedly steep! The yield curve he is talking about here is the 10 year treasury yield minus the 2 year treasury yield. This spread measures the … [Read More...]

Why the IRS Seized All the Money from a Country Store

Another shot fired in the "War on Cash" By Elliott Wave International Editor's note: You'll find the text version of the story below the video. Learn how your hard-earned money may be in jeopardy. Read War on CashFollow this link to download your free … [Read More...]

Is Tesla Changing The Dynamics Of Global Energy?

Tesla's announcement last week about creating a new line of batteries for use by businesses, consumers, and the electrical grid at large is a game-changer for the industry. Currently, when individuals or companies need back-up power, they usually rely on generators. … [Read More...]

Governments Around the World Outlawing Cash

Prove You’re Not a Terrorist By Jeff Thomas Recently, France decided to crack down on those people who make cash payments and withdrawals and who hold small bank accounts. The reason given was, not surprisingly, to “fight terrorism,” the handy catchall … [Read More...]

God, Pascal, China and Japan

The 10th Man: Pascal’s Wager By Jared Dillian  Do you believe in God?Whoa, wait a minute, this is an investment newsletter, right? Stay with me. I’m an armchair philosopher, and I’ve always wished I’d had the opportunity to be a philosophy major, because I can … [Read More...]

Game-Changing Water Revolution

Water has jumped into the critical news with the recent declaration of mandatory water conservation by California Governor  Jerry Brown. But California isn't the only place where record drought conditions have caused concern. Texas, Arizona, Oregon, Oklahoma and Nevada … [Read More...]

Top 12 Media Myths On Oil Prices

The upstream oil and gas industry is not a black hole. There's no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There's a constantly evolving learning curve. And then there's all the regulations and … [Read More...]

Should Airlines Be Stopped From Making Windfall Profits?

Many people believe that "Windfall Profits" are a result of evil corporations taking advantage of the poor "common man". In today's post Jared Dillian, editor of "The 10th Man" discusses how Oil prices affect the airlines and what is happening now that oil prices have … [Read More...]

Can Argentina Capitalize On Its Vast Shale Reserves?

Argentina, once a regional energy leader, is now better known for financial busts and bombastic politicians than hydrocarbons prospects. Still, with a resource potential both vast and untapped, the nation has never been far from energy investors' minds. The question … [Read More...]