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Olduvai III: Catacylsm
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Warren Buffet’s Favorite Stock Market Metric Is Signaling Huge Downside Ahead

Warren Buffet’s Favorite Stock Market Metric Is Signaling Huge Downside Ahead Today – Apple became the first public company worth over $1 trillion dollars. . . Thanks to very low interest rates – the company’s piling on debt and buying their own shares back – shrinking the float. And because of a worldwide rush into mutual […]

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“Risky Business”: Companies Are Now Funding Share Buybacks By Selling Bonds To Other Companies

“Risky Business”: Companies Are Now Funding Share Buybacks By Selling Bonds To Other Companies One of this year’s key narratives has been the degree to which US stocks have benefited from a perpetual, price insensitive bid. By that we of course mean corporate buybacks, which one might fairly characterize as having replaced the monthly flow […]

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Pop Goes The Alpha ( Natural Resources)

Pop Goes The Alpha ( Natural Resources) If you want a cogent metaphor for the central bank enabled crack-up boom now underway on a global basis, look no further than today’s scheduled chapter 11 filling of met coal supplier Alpha Natural Resources (ANRZ). After becoming a public company in 2005, its market cap soared from practically nothing to $11 billion […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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