Big Miss For Philadelphia’s Beverage Tax
In June 2017, sales of naturally and artificially-sweetened beverages in Philadelphia subject to the city’s plummeted to be more than 40% below their estimated pre-tax quantities. That wasn’t what Philadelphia’s political leaders were expecting to happen, where the following chart shows how many millions of ounces of sweetened beverages were estimated to have been sold in Philadelphia […]
Facts About Carbon Emissions From Oil, Natural Gas, And Coal
The BP Statistical Review of World Energy is a useful annual volume that compiles tables and charts about about energy production and consumption. The latest version, released June 2017, includes a table at the end on recent and current carbon emissions from oil, natural gas, and coal. As a footnote under the table emphasizes, this does not […]
Six Investing Faults That The Uber-Wealthy Avoid
This may be surprising, but not everyone who is rich is famous and not everyone who is famous is rich. In fact, the vast majority of individuals who are classified as “ultra high-net-worth”(UHNW), or those with a net worth of at least $30 million, are people that you may have never heard of, and there’s […]
Amazon — The Many Thematic Tailwinds Pushing It For Forward
Amazon.com Inc plans to meet on Wednesday with a dozen U.S. ranchers, seeking to expand distribution of organic and grass-fed meats as it takes over Whole Foods Market Inc, according to the meeting’s organizer.Analysts and investors have speculated that Amazon is aiming to combine its expertise in order fulfillment with the grocer’s facilities to build […]
Nifty Hits Record High; 15 Points Shy Of 10,000
Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.13%, while the Hang Seng is down 0.06%. The Shanghai Composite is trading down by 0.17%. US equities finished mostly lower as Wall Street geared up for a major week of earnings and US Federal Reserve meeting. Meanwhile, Indian […]
The Fed Versus The Market
The following monthly chart shows that the year-over-year (YOY) growth rate of US True Money Supply (TMS) made a multi-year peak in late-2016 and has since fallen sharply to an 8-year low. The downward trend in US monetary inflation since late last year has been driven by the commercial banks, meaning that the pace of […]
Technically Speaking: I Bought It For The Dividend
Okay, I have to discuss something this week that has been bugging me. I have had several emails as of late suggesting one of the biggest investing fallacies stated during late stage bull market advances. “I don’t care about the price, I bought it for the yield.” First of all, let’s clear up something. Company […]
FOMC July 2017 Meeting Preview: Inflation Expectations And Balance Sheet Reduction
The Federal Reserve Bank will be holding its monetary policy meeting today. The central bank meeting is expected to see the fed funds rate remain unchanged at 1% – 1.25%. The probability of a rate hike is also extremely low, according to the CME Group’s rate hike probability tool. Today’s FOMC meeting will not be […]
Peak Shale: Anadarko Just Became The First US Oil Producer To Slash CapEx
It appears that Horseman Global’s Russell Clark may have been spot on with his bearish take on the US shale sector. As a reminder, in his latest letter to investors, Clark said that “the rising decline rates of major US shale basins, and the increasing incidents of frac hits (also a cause of rising decline rates) […]
