Gas Boom Goes Bust
The current boom in drilling for ‘unconventional’ gas has helped raise US production to levels not seen since the early 1970′s. This has been an incredible boon to consumers and has kept spot prices contained below $5 per million BTU ...
Black Friday to the rescue — but at what cost?
US equity markets are nearly as excited about Black Friday as these shoppers:Retail surveys all point to above-expectations spending over the so-called “first weekend...
A tale of two stock markets
US equities could be in line for a secular bull market as soon as next year, but European stocks should be handled with care.That is a synopsis of the latest thinking from Citi....
Would you feel three basis points?
Eat your words Senator Tom Harkin.“Quite frankly, I bet nobody would even feel it,” the Iowa Democrat said on Tuesday in relation to his plan to introduce a US financial transaction tax....
And the G20 total returns winner is…
Something to take G20 Cannes delegates’ minds off Greece…How’s this for evidence that the emerging markets growth story is overblown? Of all the G20 countries,...
A Goldman guide to the monetary policy playground
Goldman Sachs welcomes you to the modern world.The US bank has put out a primer on “‘unconventional’ unconventional policies” to guide us through the maze of recent central...
Dad, where does growth come from?
So much for emerging markets propelling the world economy out of its current malaise.Forget China’s healthy manufacturing data; the debt crisis in the Eurozone, deleveraging...
Tech Talk – Pipelines from the Arctic
Art Berman commented, in regard to my last post on the oil and gas reserves in offshore Alaska, that at one time companies looked for an estimated 1 billion barrels in reserves before they would consider starting down the long road to bringing them to...
On the difference between virtuous and vicious circles
There’s something to reading Ben Bernanke’s speeches from a passive communication point of view. It’s not so much what he says, but what he doesn’t say....
Are US banks turning Japanese?
An important question given struggling financial stocks, a stalling US economy, US public sector cuts and concerns over the impotence of QE3. Take your pick, really.Fortunately...
Was the 30-year UST auction really that bad?
The 30-year US Treasury bond auction spooked the market on Wednesday, seeing yields fall massively on the long bond, because the yield achieved was 3.75 per cent versus a yield...
