Investment outlook
Letter to SEC: How Stock Buybacks Undermine Investment in Innovation for the Sake of Stock-Price Manipulation
A comment on the Securities and Exchange Commission’s proposed rule “Share Repurchase Disclosure Modernization”, aka stock buybacks.
War or Peace, Barbarism or Hope: War Threatens World with Stagflation
A short hisory of stagflation and why it's a pressing risk now.
Where Did You Go, Vice President Joe? Biden Retreats from Bashing Looting, Um, Buybacks
Yet another Biden hypocrisy: refusing to curb stock buybacks when he flagged it as an abuse when he was Vice President.
The Private Equity Industry in the New Interest Rate Environment
Private equity has been a big winner thanks to a long-term trend of falling interest rates. What happens in a less favorable environment?
“Bankruptcy For Moderna, Definitely Pfizer”
Pfizer and Moderna stocks have tanked over liabilty worries. The case made by vocal critic Edward Dowd.
Is 4% the “Magic Number” for Mortgage Rates to Prick the Housing Market (and Stocks)?
Is the housing market about to hit a tipping point?
Hubert Horan: Can Uber Ever Deliver? Part Twenty-Nine: Despite Massive Price Increases Uber Losses Top $31 Billion
Uber burns through yet more cash, but analysts and reporters fail to question its extremely misleading financials.
Construction Costs Spike 17.5%, Worst Since at Least 1965. Inventories of New Houses Pile Up, Highest Since 2008. Median Price Dives as Mix Shifts
A rise of unfinished houses thanks to construction delays. Massive supply building up in the pipeline.
Russell 2000 Drops Below Year Ago Level. Collapse of IPOs, SPACs, Housing “Tech” Stocks, ARKK, etc. Progresses
The most-hyped stocks are collapsing, some by 90%, such as EV SPACs, as the sordid underbelly of the stock market comes unglued.
Chronic Underinvestment Could Push Oil Prices Higher In 2022
Bullish prospects for oil do not bode well for inflation or global warming.