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December 2015 – Michael J. Parks
Dec 202015
 
Amazon: Always jam tomorrow

No one will ever accuse Amazon.com chief Jeff Bezos of stinting on investment. In five years through 2014, the company’s cumulative investment in property, plant and equipment has increased more than seven-fold, to nearly $23 billion (chart). When the books are closed on 2015, the total likely will be close [continue reading . . . ]

Dec 172015
 
Slow-growth world

Raising interest rates a quarter point as the Fed did this week does not change the fact that we live in a slow-growth world. Money markets and commodities markets are singing the same song in unison: Almost no inflation, and very little growth. To say that commodities prices have collapsed [continue reading . . . ]