Category Archives: Investment outlook

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.

Oil & Gas Investors Are Underestimating This Systemic Risk: Plugging Costs

An issue to keep in mind as fossil fuel demand declines: plugging costs can no longer be kicked down the road.

Share Buybacks Surge to Record Ahead of Potential 1% Tax: Companies Buy as Insiders Dump like there’s No Tomorrow

Buy High, Don’t Buy Low. Prices are sky-high and but company buybacks are red hot.

Bloomberg, Other Publications Criticize CalPERS’ Leverage on Leverage Plan to Boost Returns While Missing Additional Types of Borrowing

CalPERS, which has lagged nearly all other public pension funds’ performance, is doubling down on failure by resorting to leverage.

An Increase in Interest Rates Would Be An Act of Class Warfare

While increasing interest rates to combat this inflation is bone-headed, the Fed has long wanted to be out of super low rate terrain.

Dems Continue To Sink Despite Improving Economy

The popularity of the Dems is diverging from the apparent trajectory of the economy, a not normal state of affairs.

General Electric Breaks Up, Symbolizing Decline of American Manufacturing and the High Price of Financialization

How stock price fixated management and a big expansion into financial services under Jack Welch did in the once-esteemed General Electric.

Latest Fed Financial Stability Report Underplays Supply Chain Risk

The financial press overhyped the latest Fed stabilty report’s comments on China, and ignored the near total absence of supply chain woes.

Hubert Horan: Can Uber Ever Deliver? Part Twenty-Eight: Uber Still Unprofitable, But Reduces Losses by Squeezing Drivers and Restaurants

The latest update: the financial media continues to parrot management falsehoods about Uber results and there is still no path to profit.