Investing — or Squandering — “the Energy Dividend” “A crisis is a terrible thing to waste.” –Stanford economist Paul Romer In the early ’90’s, politicians referred to the savings from reduced defense spending — made possible by the end of the Cold War — as “the Peace Dividend.” Thanks to the crashing price of oil (plus...Read More
“A Penny Not Spent on Gas . . is a Penny Earned,” or, “Houston, We You Have a Problem” “Oil’s Drop Spills Into Other Assets.” —Headline, Wall Street Journal (12/12/2014) You’d certainly think collapsing oil prices would qualify as a “white swan” event — an unforeseen, “three standard deviations” occurrence that most people would view...Read More
Gas for $2.49/gallon* in St. Louis Park (12/4/2014) Just in case the numbers in the photo (above) are too small to read: the price of regular unleaded gas at Costco yesterday am was $2.49/gallon(!). In fact, if you paid with a Costco credit card as I did, after the 3% rebate on gas, that comes...Read More
