Tag

Hormuz

Sep 15

There’s No Getting Away from Oil Anytime Soon

By Blog
The continued restricted movement of oil tankers through the Straight of Hormuz has reminded many of us just how essential oil has become to not just our economy, but to our very way of life.  Don’t get me wrong, crude oil is dirty.  Getting crude oil on your skin causes immediate irritation and can lead to chemical burns, rashes, and absorption of toxic chemicals.  Burning unrefined crude oil creates thick black smoke, heavy soot, and toxic gases like sulfur dioxide and carbon monoxide.  Even when refined, burning it causes byproducts that aren’t safe to breathe in at quantity. Moving away…
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May 20

Chugging Along? The Charts Disagree.

By Blog
I heard a wholesaler tell someone the other day that the economy’s chugging along, all is fairly good, employment is decent, and so long as Hormuz gets opened soon, things should be back to normal in no time. I also heard him say that a Nasdaq 100 ETF that writes covered calls and generates an 11% yield is more on the conservative side.  I told this person after their conversation that if he said this to 90% of Americans, he’d get punched in the nose. Here are three charts that suggest a different story… First, full-time work. Back to negative…
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