deep dive
▫️ America's Emergency Oil Reserve Just Hit Its Lowest Level Since 1983.
The United States has withdrawn 352 million barrels in four years, and the tanks now sit far from full.
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▫️ Sixty-Five Firms Stand Behind $846 Trillion in Contracts. Sleep on That.
MF Global's customers held money in legally protected accounts and still became creditors waiting years to be repaid.
weekly review
▪️ Lockheed's Order Book Hit $230 Billion. That Says More Than Any Forecast.
Traffic through the strait has collapsed to a fraction of pre-war levels, and every cargo still has to move somehow.
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▫️ The Fed Promised $600 Billion. Rates Rose Anyway.
When a catalyst is on every screen, the price has usually already moved to meet it before you.
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▫️ In 2000 a Giant Financed Its Own Sales. It Ended Badly.
When a seller lends the buyer the money to purchase its product, the sale can be an illusion.
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▫️ The Only Number That Rises in a Crash Is Correlation. Here's Why.
The S&P 500 fell 38.5% in 2008 while nearly every asset class dropped with it. Gold ended higher.
▫️ This Mine Was Worth Billions. It Sold for $20.5 Million.
Between a discovery and a delivered product sit permits, furnaces, and roughly a decade and a half.
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▫️ The Biggest Listing Ever Is Coming. Ask How Much Actually Sells.
When only a sliver of a giant company trades, a modest amount of money moves the entire valuation.
weekly review
▪️ Tesla and Alphabet Report This Week. The Chip Market Already Voted.
Nvidia fell 3.86% and Micron 13.31% before a single earnings call. Capital spending guidance lands this week.
deep dive
▫️ Some of the Biggest Companies Are Really Just One Person.
When a company's whole value rides on one founder, you own his vision and his fragility too.
deep dive
▫️ The Dollar Has Lost 96% of Its Value. This Is Why.
From Rome to Weimar to today, no government has ever resisted the urge to debase its money.
deep dive
▫️ The Government Just Became a Shareholder. That Changes Everything.
From miners to chipmakers, the state is taking direct equity stakes, and that reshapes who wins and how.