There are years when nothing happens and years in which centuries happen. Carlos Fuentes We’ve seen a whirlwind of events in the past week. Here are some thoughts on the most important themes. Ukraine and the Fed Unfolding events in Ukraine of course represent a humanitarian catastrophe — and we Read more…
Current events in Europe show that even if it’s inexorable, the decarbonization of the global economy is unlikely to be smooth. The latest drama swirls around natural gas and the new German government elected in November, which includes more powerful representation from the Green Party than ever before. The Greens Read more…
On October 16, 1971, after years of investing for himself and working as an analyst at a hedge fund and in bank management, our founder, Monty Guild, established his own private investment portfolio management practice. That practice continues today as Guild Investment Management, Inc. For 50 years, Monty, and all Read more…
Whatever else they can’t agree on — and it’s a lot — the fans of fossil fuels and the promoters of green energy solutions can agree on one thing: they all think an oil price north of $100 is a good thing. It seems that many forces are afoot in Read more…
Electric power generation in the United States is a highly regulated industry, and has been since the 1920s and 1930s. The primary Federal entity regulating the production and transmission of electricity is FERC, the Federal Energy Regulatory Commission, but FERC’s regulation is high-level. The nitty gritty of pricing regulation that Read more…
In 2015, the U.S. removed a restriction that had been in place since the 1973 Arab oil embargo — one that had prohibited crude oil exports. The result could be described, as we quote from in our headline from the head of the International Energy Agency, as a “second wave” Read more…
As we have done for decades, we are writing with our favorite global investments for 2019. This prediction is for the first half of 2019. If there is no world recession in 2019 and one is not expected for 2020, or if a good trade settlement is reached with China, Read more…
Market Summary We begin by wishing everyone a happy, healthy, and prosperous 2019. The U.S. stock market just concluded the worst week near the Christmas holidays in many years, and some stock market participants have been panicking. Then the economic news arrived yesterday morning. Mastercard [NYSE: MA] announced that holiday Read more…
Market Summary The U.S. Market and Economy As we have been mentioning frequently in these pages, we continue to have a bullish view of the U.S. economy. More positive economic data surface each week. This week we learned that small business optimism in the U.S. is at the highest level Read more…
Market Summary The U.S. economy, GDP growth, consumer income, employment statistics, and corporate profits are very good. U.S. consumer spending is strong, and corporate profits for almost all economic sectors, including the consumer sector, are booming. Real GDP growth for the second quarter of 2018 was just revised upward slightly Read more…
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