When the world recovers, energy will head much higher
We’ve argued this before, and we’re not the only ones. Far from it.. And it’s really simple. The ‘demand destruction’ through the recession is temporary (and in fact not nearly […]
Capitulation?
Earlier today we argued that we think we are close to a bottom (nasty surprises excluded). The arguments are rather simple.
It could have been a lot worse
Some people seem to think we’re on the brink of a 1930s style depression. It ain’t going to happen. The policy response (after considerable dithering) has been much better this […]
Emerging markets tumble
It’s predictable event. When the center is in crisis, money is being repatriated (voluntarily or forced) as risk appetite lessens. Explains part of the dollar rally as well. Ironic, that. […]
Some turn bullish on stocks, especially energy stocks
We wrote before about this. Supply of energy might very well be impacted more than demand, especially in the longer-run. While share prices have factored in a collapse in energy […]
Money on the sidelines
With credit markets stabilizing and some recession already priced into stocks (arguably), we have a feeling the worst may be behind us.
Latin America was doing relatively well in the crisis. Until they pull stunts like this
Despite falling commodity prices, too little investment and doctering inflation figures (in some cases, like Argentina), the continent was holding up relatively well, which is quite an achievement in itself […]
Dollar lower, higher?
Some people would argue that with records amount of fiscal deficits, and record low interest rates, the dollar can only go one way, and that’s down. Some people beg to […]
Leverage
Investment banks have been some of the financial crisis main victims. Their business model left them wide open for all kinds of trouble. Basically, their leveraged business model is the […]
Microwaves from the sky
While the share prices are in a terrible funk, solar energy is very much alive and kicking. In fact, ambitions never have been bigger, and all kinds of fancy plans […]