Camping World Holdings is the leading supplier of recreational vehicles in the USA. It is highly geared and has some questionable management. It has a very low profit margin, because it has “a very high asset turnover.” A big component of the debt is related to …
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One theory of currency prices says that in the long run the value of a currency is inversely proportional to the amount of currency in existence. The idea is that the price of a foreign currency moves with the general price level, which itself is …
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MacroValue has an interesting take on Xerox. The thesis is that Covid-19 hit companies whose main business is providing consumables to offices like a spoonful of novichok. Although most businesses have seen their shares recover beyond where they were at the end of 2019, Xerox is …
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Democratic governments have decided that their re-electability is being threatened by rising energy prices, so they have released reserves of oil in a coordinated move to beat down the price. The problem is that with the world consuming approx 100 million barrels of oil a day …
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Matt Stoller writes about the challenges facing Lina Khan. The Bork doctrine is about to be challenged. Bork wrote in The Antitrust Paradox that allowing monopolies to develop could be good for consumers. I haven’t read the book, but I’ve read a few summaries …
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Who would believe that the US military would simulate a terrorist attack, just to increase government spending on defence? Only a crackpot, right? Think of the number of conspirators who would have to be in on the conspiracy, and the implausibility of the truth not …
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$EPD has some insiders buying. This stock has been widely recommended for a long time, without acquiring any kind of trend. Maybe this news, together with some positive figures, will move the needle.
Read Seeking Alpha for more detail.
Scarily, crypto has acquired …
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The Bear Cave #91 New Activist Reports, Recent Resignations, and Tweets of the Week Edwin Dorsey Nov 14
Welcome to The Bear Cave — your weekly source of short-seller news. If you are new, you can join here. Please hit the heart button if you like today’s …
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Men in a street of Napoli 1950s Fosco Maraini
https://twitter.com/louise43678507/status/1458332674435735557?s=20
Working for a bank is boring. Banks just don’t understand software. They are run by people who have contempt for IT. They spend a lot of money …
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read moreDO NOT FEAR: “Yellen…said the high inflation that persisted through parts of the 1970s and 1980s occurred ‘because people thought that policy makers wouldn’t bring it to an end, and inflation expectations became embedded in the American psyche. That isn’t happening now and …
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