Category Archives: Uncategorized

Stephen Moore wrote in yesterday’s Political Diary: California Rep. Darrel Issa calls the Obama [administration’s] economic forecasts a “convenient vehicle for avoiding accountability.” Mr. Issa went over the numbers with me the other day. The stimulus plan was supposed to save 150,000 jobs in the first 100 days, but instead 2.3 million Americans have lost […]

Depletion is one of the most important subjects for anybody interested in the oil industry. Easy oil of the light, sweet crude variety is getting scarcer by the month. The steady disappearance of existing deposits forces oil companies to set their sights farther afield in search of replacing the oil volume lost to depletion. Annually, […]

The Kelly Letter owned shares of Apple stock before I owned an Apple computer. Our thesis was that the internet has unleashed the freedom to work on any computer and that such freedom would lead more people to choose the elegance and power of Apple’s products. My research said so and we followed the conclusion […]

No time for an in-depth article today, but the quick comment is that I think oil is getting overstretched for the short term and is due for a pullback. In preparation for that, The Kelly Letter is shorting the commodity into this week’s strength. Notice that the long ETFs are blinking overbought signals on the […]

The Latvian economy appears to be dying. At the end of last year, the EU and IMF cobbled together a $10.4 billion support fund that’s doing no good. The small nation says its economy will shrivel by some 18% this year, which means it probably won’t be able to meet the 5% of GDP budget […]