Categories
Articles

John Mills: “Credit Cycles and the Origin of Commercial Panics” from 1867

The more things change they more they stay the same….

Categories
Articles

ACAS Repurchases 8% in Q4

40% of the stock repurchased so far and Elliot involved.

Categories
Articles

Less That 5 Days Excess Supply A “Glut” ?

I know of no other commodity known to such hyperbole as oil is…..from “peak” to “glut” in a couple years… I think I heard recently we were “choking on oil”

Categories
Articles

S&P Intrinsic Value Update

The market in no way is overvalued

Categories
Articles

12 Guesses for 2016

Seems obligatory to do this…..Anyway it is fun to look back and see which (if any) actually come true…..

Categories
Articles

“Davidson” on Inflation and Pessimism

Capitalism in inherently deflationary. It’s primary goal is to produce more, better products at lower prices. THAT is deflationary. It is government spending which seeks none of the above that is inflationary. As spending wanes, inflation should remain low.

Categories
Articles

I, Pencil….

 

Never get tired of reading this….