Funding What Should Not Be Funded

With the Fed engaging in financial repression (maybe that should be oppression, the only role of the Fed is to steal from savers…) there are many corporate bonds being issued at low yields, some of which  are at lower yields than losses that we experience during crises for the ratings class.  Should this not be […]

Fiscal Cliff Result: The Can Is Kicked

Nothing happened.

I was hoping that we would go over the fiscal cliff because taxes would go up on everyone. I think everyone should suffer the pain of paying for the government’s uncontrollable spending. Perhaps the “middle class”, whom politicians believe are clueless, would then start to think about the future of our co…

Happy New Year 2013

    I wanted to say “Thank You” to all of The Big Picture readers, contributors, commentors, editors and staff who make TBP such a deeply rewarding endeavor for me. It is a labor of love, and a source of joy and inspiration. I thank you all. Here is wishing you a healthy, happy and […]

Weekly Gasoline Update: The 2012 Twin Peaks

Dec 31, 2012 Doug Short  The year 2012 was certainly a roller coaster ride for gasoline. The adjacent thumbnail shows the range for Regular and Premium. From the last week of 2011 we see near twin price peaks. Regular and Premium both peaked in early April, up 21.0% and 19.2% respectively. They hit interim lows in early July, only a few c…