As the housing boom of the 2000’s minted new millionaires every second Tuesday. So, too, the shale oil boom minted wealth faster than McDonald’s mints new diabetics. Estimates by the UND Center for Innovation Foundation in Grand Forks, are that the North Dakota shale oil boom was creating 2,000 millionaires per year. For instance, the… Read More
Commodities
Letters from a Hedge Fund Manager – Part IV
In today’s penultimate piece on shale oil (you can catch up on the previous letters here: Part I, Part II, and Part III), Harris talks about the role of central bankers of the world in the current energy bloodbath. Enjoy! [hr] Date: 20 January 2015 Subject: There Will Be Blood – Part IV Modern central bankers are… Read More
Letters From a Hedge Fund Manager – Part II
Following right along from “Letters from a Hedge Fund Manager – Part I”, today we have “part deux” as a follow up for you… [hr] Date: 10 December 2014 Subject: There Will Be Blood – Part II Let me be clear: I am no expert on shale wells. I’m not even an “almost” expert in… Read More
Letters From a Hedge Fund Manager – Part I
Humans are hardwired to take things to extremes. Take junk food, for example; here is something that could be a nice treat every once in a while, and we go and scoff so much of it that we’ve turned diabetes into a national sport. And then we have shampoo. I was asked to do some… Read More
Mede-Jean, not Medellin
Driving the back streets of Medellin a few weeks ago I found it interesting to see the various little pockets to the city. In the poor parts of town I noticed on a couple of occasions taxi drives running their vehicles on empty. I’ve seen this before in countries where there is a lack of… Read More
9 Charts to Meditate On
As headlines flickered across a Bloomberg news feed this morning, I was struck by the plethora of slanted views. If it was anymore slanted it’d be vertical. A mishmash of sound bytes sans fact. I was reminded of days spent imbibing on University economics. It’s no wonder university students drink so much… Looking around for… Read More
