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Tag: US government

Iraqi Oil; More Risk Than Reward?

Iraqi Oil; More Risk Than Reward?

The Kurdistan region of Iraq has been considered the Holy Grail of oil exploration for around a decade now. Oil companies of all sizes have struggled to get their hands on acreage within the region, where oil literally seeps out of the sand. Until a few weeks ago oil production from the region was restricted, as oil could only be moved out of Kurdistan by truck, or sold into the domestic market at a significant discount to Brent. However, a newly…

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Earnings Growth Compared To Market Returns

Earnings Growth Compared To Market Returns

In theory, the S&P 500 should rise in line with earnings. In practice  this does not happen. While this comes as no surprise, the scale of the difference is astounding. Period Earnings Growth S&P 500 Returns 2003-2013 148% 68% 1993-2003 16% 137% 1983-1993 5% 179% Across three decades the date shows that the S&P 500 has almost no correlation to earnings growth. The current period, 2003 to 2013 has seen the fastest earnings growth but the slowest S&P 500 growth….

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Congress’ Approval Rating Reaches A New Low

Congress’ Approval Rating Reaches A New Low

Earlier this week Gallup announced that Congress’ approval rating among the American public had reached a new low of only 9%, down from the 10% approval rating reported from the last poll. This is by far the lowest rating that Congress has achieved since Gallup started asking Americans how they feel about Congress 39 years ago. Since 1974, the average approval rating has been 33%, reaching a high of 56% after the Sept. 11 attacks. I should state however that Gallup…

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Unproductive Congress

Unproductive Congress

The 112th Congress, which ended in 2012, was much criticized for being the least productive and most unpopular congress on record. However, the new 113th Congress, only six months into its term, is set to beat that record. According to a June Gallup poll, only 10% of Americans had confidence the institution, which is the lowest rating on record for any US government body — the rating has fallen from 13% last year. Only 15 legislative items have become law…

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