Markets The US 2-yr yield tested the post-CPI high (4.94%) yesterday following the release of first weekly jobless claims (209k from 233k vs 227k expected) and next an upward revision to short term (1yr: 4.5% from 4.4%) inflation expectations in University of Michigan’s November consumer survey. Long term inflation expectations (5-10yr) were unchanged at 3.2% […]
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The world consumes roughly 100 million barrels of oil every day. For the past several months, a significant portion of that supply has simply not been produced. The gap is not closing. And one of Read more…
Warren Buffett has always said his favorite holding period is forever. His deepening commitment to Japan’s trading houses is starting to look like exactly that. Berkshire Hathaway (BRK.B) (BRK.A) quietly crossed the 10% ownership threshold Read more…
When Americans look to save money, cutting down on restaurant dining tends to be one of the first cuts. It’s easier to replace a meal at a restaurant with eating at home, than making the Read more…