Some Common Cents for December 11th 2015

December 12, 2015, by John Norris

For most of my career, investors have thought low energy prices were good, generally speaking, for the US economy. As one esteemed economist told me back in the day: “the only things that really matter are energy prices and interest rates.” This makes perfect intuitive sense: it is hard to have runaway inflation without energy playing a pretty significant role. It is almost harder still to have skyrocketing interest rates without inflation, at least in...

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Some Common Cents for December 12th 2014

December 12, 2014, by John Norris

“Everybody thought I had a duster. You all thought Spindletop and Burkburnett was all the oil there was. I’m here to tell you it ain't, boy. It's here. There ain't a dang thing you gonna do about it. And there's more down there, bigger wells. I’m rich, Bick! I'm a rich one. I’m a rich boy. I’m gonna have more money than you ever thought you could have. You and the rest of you stinking...

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