Ed Yardeni Warns on Chinese Debt

by Marilou Long on October 17, 2017 in Debt

We wrote in our quarter end letter about strong global growth as one of the factors driving the market higher.  Today’s Morning Brief from Yardeni Research makes some interesting observations:   Global Economy: Hooked on Central Bank Money. Joe and I have some good news and some bad news. The good news is that the […]

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China Inefficiencies

by Laura Ehrenberg-Chesler on October 12, 2017 in capitalism

There was a fascinating article in today’s WSJ. The title of the article read “China’s Next Five Years – Squeezing the People to Feed the State”. One of the most stark comparisons about the difference between free enterprise/ private sector capitalism and State controlled businesses was the one made between PetroChina and ExxonMobile. “PetroChina – […]

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QE Shifts to QT

by Marilou Long on September 21, 2017 in Banks

During the financial crisis, the Federal Reserve invested trillions of dollars in credit assets in order to keep markets and the economy from collapsing in a process known as quantitative easing, or QE.  The Fed announced yesterday that it would start to withdraw that support, and market participants have already started calling it QT, or […]

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Facebook Advertising

by Laura Ehrenberg-Chesler on September 15, 2017 in politics

With all the uproar over inclusion and sensitivity these days, I find it remarkable that Facebook, whose CEO Mark Zuckerberg had spoken out loudly about these issues, would enable Jew haters to advertise to their audience freely and easily. It shows a complete lack of concern about the very issues Facebook says it cares most […]

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U.S. Dept. of Energy Infrastructure & Energy Restoration Report

by Marilou Long on August 30, 2017 in Energy

Here is the link to this morning’s report on the damage to infrastructure and energy facilities across Texas and Louisiana.

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Hurricane Harvey – A Geopolitical Force of Nature – courtesy of Geopolitical Futures

by Marilou Long on August 30, 2017 in Energy

We all know friends and family who have been affected by this terrible storm, and it isn’t even over yet.  The storm made landfall again this morning in Louisiana.  Geopolitical Futures, headquartered in Austin, sent out an interesting article this morning about the hurricane.  From the linked article: What’s happening to the U.S. Gulf Coast […]

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Shale Output Hits New Record

by Marilou Long on August 15, 2017 in Energy

Shale output driven by the Permian Basin is estimated to reach a new record by September of 6.2 million barrels a day.  From the linked Bloomberg article: Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts to support prices. The gain is being led […]

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Better GDP

by Laura Ehrenberg-Chesler on July 28, 2017 in Economic Indicators

This morning we got a good read on second quarter GDP, up 2.6% and just shy of the 2.7% expectation. The number is a welcome change from the 1.2% figure from the first quarter. We are in the third longest, but also the slowest, expansion since WWII with growth averaging around 2% for the past […]

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An Excellent Quote to get your Weekend Started

by Laura Ehrenberg-Chesler on July 14, 2017 in Employment

I was recently sent a quote from a private equity firm based in Florida. It is from Thomas Edison and is a great reminder about how opportunity often presents itself. “Opportunity is missed by most people because it is dressed in overalls and looks like work”. Happy Friday from Crossvault

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The Soul and Soles of a Texas Boot Maker

by Marilou Long on July 11, 2017 in Recommended Reading

This New York Times article about Rocky Carroll, boot maker to presidents and popes, is a good read.  From the linked article: HOUSTON — One afternoon a few years ago, Rocky Carroll told me about the time he pulled his gun on those robbers outside his boot shop here. It was 4:30 a.m. that July […]

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