Iron Capital’s quarterly review of capital markets performance and updated market forecast.
Oil has dropped in price by more than fifty percent and the explanations for this are incredible. According to the pundits and Wall Street apologists, this is a logical reaction to the plummeting demand for oil and the oversupply caused by America’s energy boom. This is when one should start to question the headline.
International Monetary Fund (IMF) revised their economic outlook downward. That sounds bad doesn’t it? Until one realizes that the IMF has had to lower their economic outlook 100% of the time since 2011 – the approximate end of the European Debt Crisis.
First quarter GDP Down 2.9%. Work force participation at forty year lows. Russia trying to take over Ukraine. ISIS on the rise in Syria and Iraq. Rockets hitting Israel from Gaza. Every major investment asset class providing positive returns.Which one of those statements doesn’t seem to fit?
Back in the USSR? Vladimir Putin wants Ukraine, and in all likelihood all of the former Soviet Republics. He now has Crimea and unless something changes soon will likely get Ukraine.
At the beginning of 2013 we were facing a fiscal cliff, a sequester and the debt ceiling. The consensus among economist was that our debt situation required a combination of tax increases and spending cuts. There was also a consensus that it would never happen because one party refused to cut spending while the other […]
