ELAM: Back to the Mid East dependency
The World Turned Upside Down
The Poseidon Adventure, 1972.
The bear market of the 1970s brought a new genre of film, the disaster flick. Apparently forecasting...
ELAM: Spending blow out on edge
Infrastructure sounds better than spendathon, central planning, corporate bailout, Solyndra or Green New Deal.
Kimi Strassel, Wall Street Journal
The Congressional Budget Office (CBO) announced that...
ELAM: Potential significant market tops underway
The years 2014-2016 saw the price of crude drop from $110 to just under $30. There is a six-year cycle in various markets. Crude...
ELAM: Volatility reigns in the markets
Monday July 19 crude oil futures dropped 7.5%
In this space we frequently warn that the crude oil and its refined products are both an...
ELAM: Unintended consequences of climate change
The Biden administration is facing a $15 billion lawsuit from the energy firm that owns the Keystone Pipeline System.
President Joe Biden canceled the 1,200-mile-long...
ELAM: A rise in negative mood as markets make new highs
Last week we noted that markets moved to new highs unsupported by positive political or international mood. Here is an update since then.
“Anyone who...
ELAM: Will the US go the way of Chile?
“Between 1975 and 2015, per capita income in Chile quadrupled to $23,000, the highest rate in Latin America. As a result, from the early...
ELAM: Inflation jumps to 13 year high
The US Economic re-bound is driving the biggest surges in inflation in 13 years, consumer prices rising 45% from a year ago.
WSJ Headline Friday
And...
ELAM: Market yawns at 559K new jobs
AMC plans to sell more stock, while cautioning potential buyers that they might lose all their money.
WSJ Friday morning
AMC rose from $10 to $70...
ELAM: Looking like 2000, 2007
The six trillion dollar budget would eventually cause national debt to exceed the record level set at the end of WW II. It would...