It took oil 23 years to exceed its nominal peak

Are you waiting for oil to bounce back to its peak of 2008?  You could be waiting a long time. In the below chart, I juxtaposed the price of oil from May 2004-Jan 2016 (in black, top section of chart) above the price of oil from Jan 1977-May 2004 (in gray, bottom section of chart).Continue reading “It took oil 23 years to exceed its nominal peak”

Are EARNINGs REAL?

Feedback from the previous post suggests that many readers are skeptical that S&P500 corporate earnings can be taken at face value because of currency manipulation and the general condition of our fiat money system.  So it’s time to revisit past illustrations where I’ve compared earnings in US Dollars with other commodities such as gold, silver,Continue reading “Are EARNINGs REAL?”