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The Truth about Oil Prices

November 9, 2015 by Matt McCracken
There has been much made about the crash in oil prices the past 18 months. It has served to send energy stocks (IYE) into a significant bear market and could bankrupt many small players as they are burdened with debt based on $60 oil. (After all, it...Read more

CNBC Story: Divers dig up 300-year-old Gold coins worth $4.5M

August 20, 2015 by Matt McCracken
http://www.cnbc.com/2015/08/19/divers-dig-up-300-year-old-gold-coins-worth-4m.html Divers dig up gold that went down on ships in the early 18th century. I'm wondering, do you think 300 years from now, people will risk life and limb to scour the...Read more

Obama's true motive for the Iran deal

August 5, 2015 by Matt McCracken
From his speech today: We'd have to cut off countries like China from the American financial system. And since they happen to be major purchasers of our debt, such actions could trigger severe disruptions in our own economy, and, by way, raise...Read more

Greece Crisis: Watch this...

July 6, 2015 by Matt McCracken
Headline from Yahoo!Finance this morning: The Latest: Tsipras calls Putin in wake of referendum result Over the last few weeks, the courtship between Russia and Greece has heated up. While Greece's failure to pay their debts may not impact the US...Read more

Article Commentary: Everyone Is Fleeing Oil's Biggest Fund

May 29, 2015 by Matt McCracken
This morning, Yahoo!Finance reports that Bloomberg reported that almost $1B has been withdrawn from USO, the biggest U.S. exchange-traded fund that tracks the price of oil, over the past couple of months . The article makes two points that are both...Read more

Bill Gross' "Trade of a Lifetime"

May 19, 2015 by Matt McCracken
Bill Gross has made a call to short the German Bund and in doing so has called up memories of the greatest trade of all-time - Soros' Breaking the Bank of England. I largely agree with Gross' fundamental outlook on the Bund. But what really...Read more

12th Anniversary of the Iraq War

May 19, 2015 by Matt McCracken
It was 12 years ago last week the US sent troops to fight in Iraq. What do we know now about the war that we didn’t know then? It will ultimately cost many multiples of the $50B that was originally estimated. Currently, the tab is $1T and that is...Read more

Larry Blankfein "goldman is doing God's work"

May 19, 2015 by Matt McCracken
It was three years ago this month, that Larry Blankfein made the claim that “goldman was doing God’s work”. Which is an interesting thing for someone to say who was raised Jewish and presumably has some knowledge of the Torah. Because the Torah is...Read more

Review of Ron Paul's Interview by Porter Stansberry's The Crux

May 13, 2015 by Matt McCracken
I reluctantly watched Ron Paul’s interview on Porter Stansberry’s site. For years I’ve mistakenly hit on links to Stansberry’s site with some irresistible teaser just to be terribly disappointed when it became clear that whatever information was...Read more