Do we have the capability to eliminate booms and busts in economic activity? The answer in my judgment is no, because there is no tool to change human nature. Too often people are prone to recurring bouts of optimism and pessimism.
May 15, 2015
The Contravisory staff donned their hard hats and tool belts to help our local chapter of Habitat for Humanity. Our team spent the day working on Habitat's latest site build in Hanover, MA doing a host of activities including painting, hanging drywall, and cleanup. It was a long day of hard work but filled with lots of fun, team-building, and...
April 22, 2015
It’s interesting to hear “experts” in the oil industry expound on the future price direction of oil. Often these interviewed experts are the CEOs of major oil companies. Many say the current price of oil ($50 a barrel) is temporary and will eventually trade back toward $100. But not one was prescient in forecasting the recent 50% decline. ...
March 20, 2015
Ever see a movie, or hear a song, and think to yourself, “I’ve seen or heard this before?” Well there is a new “movie” coming to Wall Street and I know I have seen it before. In fact, I saw the movie 50 years ago! One of the advantages of longevity is that you get to experience many things twice. This soon-to-be released...
January 12, 2015
The seemingly sudden collapse of commodity prices has made news in the press. Oil declined close to 50% in just a few weeks. The press claimed it was due to increased U.S. shale production and slowing global demand. While these two factors are valid, I believe, they are on the margin. What’s not on the margin: Americans...
- ‹ previous
- 26 of 39
- next ›