Why so down, Oil?

You’ve seen the charts on oil, and they are grim. Oil fell over 10% after OPEC announced they were not cutting production, and this is after an already dramatic drop since July. Some people are saying it’s all supply related – that we have a glut of oil now (or maybe a glut of high […]

Inflation Fears and a Coin Flip

Steve Waldman has a new post up on why rich people, and not so rich people, might prefer hard money over greater wealth. This post was a response to Paul Krugman, and Cullen adds some good thoughts too. Here’s Steve: ““Full employment” means ungrateful job receivers have the capacity to make demands that could blunt […]

Why Did the Natural Rate of Interest Plummet? Take 2

One of the more remarkable claims since the financial crisis of 2008 is that the natural rate of interest is now below zero, and it has been below zero since the financial crisis. If you look at the very best estimates of the natural rate of interest over the last 50 years, one broad fact […]

Cullen’s New Book

He’s been a bit modest about it, but Cullen has written a book which looks dang interesting: Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance I don’t have my copy yet, so I can’t do a full review. Cullen has run an investment advisory for the last several years, and this […]

China Asks: How much will it cost us to make Solar Cheaper than Coal?

Do you remember when Dr. Evil was going to hold the world ransom for $1,000,000? This is what we are facing today in Solar – the Dr. Evil ultimatum. The cost to get Solar to coal parity is going to be laughably tiny. The cost sounds like a lot of money to old people, or […]