Playing the Weak Dollar
Investors were thrilled to see the S&P 500 notch up by 26% (plus dividends) during 2003. Sorry to put a …
Read MoreWhere’s the Cash?
Earnings are opinion; cash is a fact.” First recorded in the 1890s, that adage deserves to be etched in bronze …
Read MoreReceived Ideas
Military History Is Written By The Victors. Economic history is written, to a degree, by central bankers. In both cases …
Read MoreOil and Politics
Every president since Richard Nixon has asserted that we are running out of oil. Meaning: We are sitting ducks for …
Read MoreThe Fearful Economy
One reason economic statistics are weak: Businesses are hoarding cash and stockpiling commodities. Can we blame them? Recent economic indicators …
Read MoreOver a Barrel
On Nov. 13, 2001, President Bush ordered the government to fill the Strategic Petroleum Reserve to its capacity of 700 …
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