The graph below belongs in the “what where they thinking category”. After Tuesday’s dividend massacre, it plain as day that Kinder Morgan (KMI) wasn’t the greatest thing since slice bread after all. That is, a “growth” business paying rich dividends out of rock solid profit margins and flourishing cash flow. In fact, it was just a momo stock on a borrowing spree. During the…
Even given the laughably bad U.S. government record in gauging China’s trade and economic intentions and defending American economic interests against Chinese predation, Washington’s recent pronouncements and decisions on China’s currency policies have been abysmal. And they look worse and worse by the day.
The KMI stock price hit an all-time low of $15.73 a share on Tuesday.
The plunge came after the firm shocked Wall Street with a surprise announcement.
US import prices YoY fell -9.4% YoY in November as the US Dollar continues to appreciate. On the export side, export prices YoY fell -6.3%. It appears that export prices are not falling as fast as import prices. Right now, import prices are leading the Deflation Derby. Let’s see which policy mistake path The Fed […]
The next bust cycle is getting closer.
I’m going to tell you exactly what’s going to happen with the Fed rate hike how to play it.
Those of you who follow my work would know that I hold little compassion for the ‘investors’ who are willing to give money away to the governments whilst whingeing about high rates of taxation they endure on their incomes. Well, Europe is full of this …
You know the Pikettian Thesis that if return on capital exceeds in the long run economic growth, then capital income appreciation relative to wages income growth will lead to rising wealth inequality. Except, err…Source: @MaxCRoser Which sa…
With only days remaining until The Federal Reserve announces an increase in The Fed Funds Target rate, Citi announced that their US economic surprise index clocked in at -22.40.
Australia’s economy bears some similarities to the US economy.