Where’s the Bubble?
The Shanghai A-share stock index is up 79% YTD, making it the second-best-performing stock market in the world. What is driving the resurgence in...
Young Research’s Top Commodity Play
The U.S. recession has curbed demand for natural gas while supply has continued to increase. The obvious result has been…
Fundamentals vs. Sentiment
Stocks are assets. The true value of any asset is simply the discounted value of all future cash flows. This holds true for stocks,...
Crumbling Pillars
The pillars of support preventing the overvalued euro from depreciating versus the U.S. dollar are quickly crumbling. On a purchasing power parity basis, our...
The Energy Equivalent Value of Wood
People who live in cold northern climates are likely to face stiff home heating oil bills this winter. If heating oil prices average $5...