Most income investors will know at least a little about Master Limited Partnerships more commonly referred to as MLPs. Most MLPs are tied to the transportation of energy products. They collect royalties as the energy product moves through their pipeline (this is a very common structure). Fundamentally, the movement of MLPs should not be vulnerable…
“If you repeat a falsehood long enough, it will eventually be accepted as fact.” In the financial markets and economics it is a common occurrence that the media and commentators will latch on to a statement that supports a cognitive bias and then repeat that statement until it is a universally accepted truth. When such…
Source: Wikimedia Dear Diary, “Has anyone seen my charger?” was probably the most common question heard in the Bonner household this Christmas. Everyone has an electronic communication device of some sort. Every device has a charger. And at any given moment its owner can’t find it. iPhones and chargers all look alike. If you are in…
Narrative, we have a problem. What is billed day after day as ‘unequivocally good’ is entirely not good for Alaska (oh and Texas and Pennsylvania and…) as with oil prices dropping, AP reports Alaska Gov. Bill Walker has halted new spending on six high-profile projects, pending further review. With oil taxes and royalties expected to represent nearly 90%…
To heck with facts… and the scientific method. 1. February. We don’t need no stinkin’ scientific method. From A Random Thought on the Scientific Method: In response to this post, climate model skeptic Rick Stryker writes (in ALL CAPS no less): JUST BECAUSE A MODEL DESCRIBES THE EXISTING DATA DOESN’T MEAN THAT IT WILL DESCRIBE DATA THAT HAS NOT BEEN…
One industry which reflects the same trend that we see in crude oil, the massive deflationary vortex of economic decline, is none other than the wine industry. The wine industry is also suffering from a major glut and here too wine producing real estate has peaked in France back in 2007 and is not scheduled…
On the stock market people often want to make as much money as they can and as fast as possible. In most cases this is a very difficult assignment, however. Sooner or later a moment will come that will wash away all your nice profits like they never even existed. Long term investors are still…
Gold prices ended Monday’s session down 0.9%, or $10.85, to settle at $1183.20 an ounce. Investors turned to the relative safety of the U.S. dollar after Greece’s parliament failed to elect a new president for the country, paving the way for an early general election next month. The XAU/USD pair has tried to break below the…
Nasdaq 5,000! There’s a level we haven’t seen since the Dot-Com days. After 15 years, we’re back over 4,800 for the first time and it would be a real shame to fly so close to the sun without getting a chance to melt our feathers at 5,000 once again, wouldn’t it? While I doubt we’ll…
EMC Corporation (EMC) is our hot stock of the week and earns an Attractive rating. EMC develops and supports information infrastructure and virtual infrastructure technologies. Over the past five years, EMC has grown after-tax profit (NOPAT) by 18% compounded annually. Over the same time frame, the company has increased its return on invested capital (ROIC) from 12% to…
