Archive for January 2nd, 2008
Posted in January 2nd, 2008
Submitted by CARPE DIEM
Oil for delivery in December 2015 is trading on the NYMEX for $88.33 per barrel. Assuming a 3% average annual inflation rate over the next 8 years, that means that oil in 2015 is trading for only $69.72 per barrel in today’s dollars.
Visit 1800blogger to see all of our industry leading blogs.
Rating […]
continue reading.....
Posted in January 2nd, 2008
Submitted by CARPE DIEM
I say NO in this commentary that has appeared nationally in these papers (circulation in parentheses):
JANUARY 2 — AKRON BEACON JOURNAL (141,073) / Op-Ed “Our economy is strong”
JANUARY 2 — ROCHESTER (MN) POST-BULLETIN (42,391) / Op-Ed “Key indicators show few signs of financial trouble ahead”
JANUARY 1 — KANSAS CITY STAR (261,776) / […]
continue reading.....
Posted in January 2nd, 2008
Submitted by The Capital Spectator
Last year will be remembered for many things, but calm investment waters won’t be one of them.
Last year witnessed the widest range of performances among the major asset classes since 2000. The leader was emerging market stocks, which soared by 36.5% in 2007. On the opposite extreme were REITs, posting a […]
continue reading.....
Posted in January 2nd, 2008
Submitted by CARPE DIEM
Science columnist John Tierney’s prediction in today’s NY Times:
In 2008, your television will bring you image after frightening image of natural havoc linked to global warming. You will be told that such bizarre weather must be a sign of dangerous climate change — and that these images are a mere preview of […]
continue reading.....
Posted in January 2nd, 2008
Submitted by CARPE DIEM
Aren’t CEOs overpaid? Here’s part of George Mason economist Walter Williams’ column today:
What about complaints about CEOs earning so much more than the average worker? Before looking at CEOs, let’s look at another area of huge pay differences. According to Forbes’ Celebrity 100 list, Oprah Winfrey earned $260 million. Even if her […]
continue reading.....
Posted in January 2nd, 2008
Submitted by A Dash of Insight
A consistent theme at “A Dash” has been the application of knowledge that is well known in social science, but not understood by most market participants. This is something you will not read anywhere else.
In political debate, one of these themes is definition of the agenda. Those who […]
continue reading.....
Posted in January 2nd, 2008
Submitted by unsettling economics
A while ago, I posted some material regarding how well-placed academics rely on low-paid researchers to do their work for them, leading them to produce shoddy and sometimes plagiarized work.
An interesting counter example is the ghostwriter, John McDonald, who wrote Alfred P. Sloan’s My Years with General Motors. In this case, the […]
continue reading.....
Posted in January 2nd, 2008
Submitted by CARPE DIEM
Fact 1: The size of the global outsourcing market is estimated to be $310 billion in 2008, driven primarily by the endless pursuit of U.S. MNCs looking for low-cost labor any where in the world it is available and ultimately seeking greater corporate profits. Most offshore outsourcing efforts save 15-20% when all […]
continue reading.....
Posted in January 2nd, 2008
Submitted by CARPE DIEM
It’s a grim new year for newspapers. As yet another rough quarter draws to a close, we witness the closing of a venerable Midwestern journal, The Cincinnati Post, after 126 years of publication, as well as an alarming new trend: the outsourcing of advertising responsibilities to India.
Read more here.
Visit 1800blogger to […]
continue reading.....
Posted in January 2nd, 2008
Submitted by CARPE DIEM
According to world stock market capitalization data available from Global Financial Data and the World Federation of Exchanges, more than $9.5 trillion of stock market value was created from January-November 2007, an historical record for that period (see chart above).
Bottom Line: Despite $100 oil, a subprime crisis, a somewhat weak U.S. […]
continue reading.....
