Born into a Big 5 investment banking family, I quit organized financial racketeering to go straight. MacDougal Irving is my Blogger Protection Identity, and I am a retired Certified Public Accountant and, like all of us, a badly misinformed investor. These are my observations on capital market cons as they were explained to me across the dinner table as a kid.
Prize
........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........
May 2, 2018
OPEC and Them
Oil majors, long favored as cyclical investment vehicles for the conservative portfolio, seem to have lost a bit of that standing in recent years due to uncertainty over changing industry conditions. Here's one take on what's been going down inside the oil patch to cause what strikes us as an observable reboot in sentiment by the blue chip crowd:
https://townhall.com/columnists/stephenmoore/2018/05/01/goodbye-opec-n2476115