ELAM: The New Axis
The New Axis consists of Russia, China, and Iran. The second string includes North Korea, Syria, Cuba, and other bad actors around the world....
ELAM: Interest rates soar
Ten Year Treasuries hit 4.8% for the first time since 2007.
The Wall Street Journal
Interest rates bottomed in March 2020. They have soared since. Thirty-year...
ELAM: A pause for interest rates & crude oil
Russia and Saudis Rack up Billions from Bet on Oil Cuts
The Wall Street Journal
The million barrel per day cut engineered by Russia and Saudi...
ELAM: Rates hit new highs
Our prediction of higher oil prices from the $70 level worked well. Crude exceeded $90 this week. It is looking a bit toppy now...
ELAM: Crude hits 10 month high
Don’t be surprised if crude hits $90. While interest rates have been rising, they may fall back now raising bond prices.
This space 9.8.23
Team Biden’s...
ELAM: Or is deflation the problem?
How Did you Go Bankrupt?
Gradually, then suddenly
The Sun Also Rises, Hemingway
This column has been discussing the emerging bear market which topped in late 2021....
ELAM: The sun does not shine at night
When the sun goes down Texas is in a precarious position, wind and thermal sources aren’t performing. Traditional dispatchable (it can be turned off...
ELAM: Bear market underway
The flood of consumer savings from COVID is drying up, and so are the retailers who were wading in it.
The Wall Street Journal
Kohl sales...
ELAM: Interest rates soar, housing market shrinks
A thirty-year fixed rate mortgage is now over 7%. A year ago rates were around 5%.
Wall Street Journal
As we have explained in this space,...
ELAM: Rates are rising
The Bank of England raised its key interest rate for the 14th time in a row.
The Wall Street Journal
That overnight rate was near zero...