You Can Never Go Home Again

You Can Never Go Home Again Our title this week shares the name of Thomas Wolfe’s 1940 posthumously published novel. It carries a universal theme: time always marches forward, never backward. You can never go back home. The Middle East may be facing such a moment. War is not new or different in the Middle […]
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Iran Forced to the Negotiating Table

Iran Forced to the Negotiating Table We believe the standoff in the Middle East may be reaching a critical inflection point. Early reports on April 24 indicate that Iran is returning to the negotiating table in Islamabad. While diplomatic pressure is a factor, we suspect the real driver is a “ticking clock” deep underground: the […]
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Binary Outcomes

Binary Outcomes Energy markets, particularly oil, have produced some of the great supply and demand lessons that feed our understanding of economics. This one is no different. My first lesson came in the early 1970’s when I could only buy gas on odd numbered days (because my license plate ended in an odd number). I […]
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Bad Moon Rising

Bad Moon Rising Economist Herbert Stein, who was chairman of the Council of Economic Advisers under Richard Nixon and Gerald Ford, is quoted as saying “If something cannot go on forever, it will stop.” For better or worse, it appears the Iranian nuclear program has reached that point. It has always been U.S. and Israeli […]
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