Ever since oil prices bottomed in 2002, people have wanted to believe that new supply would reduce prices. Over the past decade, they’ve talked about increased Iraqi and Libyan oil; there has been the promise of tar sands and Brazilian pre-salts and now they’re talking about shale oil. Yet, despite all of this talk, world oil production has plateaued for years. The simple truth Read More

  I’ll be the first to admit that I have no idea how to value Twitter (TWTR: USA). For that matter, I don’t even know how to tweet. However, if you liked the stock on Monday, you must really like it today (Wednesday)—two days later—nothing has changed at the business, yet the shares are down by nearly 25%. Why are the shares down so Read More

For years, people have relied on Transparency International’s Corruptions Perceptions Index (CPI) as the global arbiter of corruption amongst various countries. Therefore, I was quite surprised when I looked at the recently released “heat map” showing which countries are corrupt (red) and which are not corrupt (yellow). Within seconds of looking at the map, I was struck with a question—why are the English speaking Read More

I had been planning to write a piece on the Ukraine (with its revolution and all), but then I saw the following article on “Truth & Beauty […And Russian Finance].” I cannot equal this piece, so I will not try. For that matter, few websites have been more uniquely adept at demystifying Russia, while remaining prescient in calling investable global macro trends. I very highly recommend Read More