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Last week, I revealed how weaker firms have been able to outperform companies with stronger balance sheets. I also noted that the trend is beginning to reverse course - a development that could lead to disaster for investors caught unaware. So today, let's zero in on an opportunity that takes full advantage of this reversal. Read more »
The fracking revolution in the United States has had a profound impact on the country's balance sheet. In just the first six months of this year, the country's petroleum-related deficit has fallen by a whopping 16% over the same period last year, from $125.7 billion to $105.3 billion. These numbers are astounding. With more resources being pumped out of the ground, we're just not buying as much oil from foreigners as we used to. Petroleum imports in June fell to $27.4 billion, the lowest amount since November 2010 - in the middle of the Great Recession. Some estimates show that the fracking revolution, when measured in jobs created and economic impact, has added 1% to the country's GDP. Indeed, the fracking boom could lead to a tax cut of sorts for U.S. consumers. Read more »
Several weeks ago, I wrote about a young Marine who predicted that America would be re-entering Iraq. At the time, I was shocked. After all, it feels like just yesterday that we left that country. Amazingly, though, the young man's prediction has already come true: Barack Obama has confirmed that we are indeed heading back into the desert. America's initial exit was so botched that we're already paying dearly for our reckless mistakes - which is pretty unusual. Normally, policy mistakes fester like a hidden cancer until, one day down the road, a visit to the doctor reveals that the disease is terminal. Regardless, this won't end well. In fact, re-entering Iraq will be at least as big a mistake as exiting prematurely... Read more »
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