This week, I am reintroducing a piece that I did for years for clients of my investment advisory. I am moving it to Seeking Alpha, so a wider audience can tell me that I’m wrong about things. Each quarter, I will brush over my general outlook for the economy, corporate […]Read More
Kirk Spano’ Letters
These are my periodic letters for clients and the interested.
My first annual letter is from January 2008. In that piece, I pointed out problems with the real estate and financial markets. I foreshadowed the financial crisis, when I said this: “The volatility we saw in 2007 is not likely to subside in the short run. In fact, I believe that the problems at Bear Stearns are the tip of the iceberg regarding problems that are likely to emerge in the financial sector.”
In 2009, in response to the financial crisis, I started writing more regularly in an effort to help others, and myself, better understand what I later dubbed in the media as the “slow growth forever” global economy.
Embrace Change And Volatility
Today, I am publishing material to help investors adapt in an era of rapid change. These changes are impacted by aging demographics, climate change, global debt, technological advancement and geopolitical challenges.
By embracing change, we can make volatility our ally. Sustainable investing strategies can be the anchor that both builds and protects your financial freedom.
2018 will mark the 10th anniversary of the global financial crisis. Since then, the economy has been on a record long expansion and the stock market has roughly tripled from its bottom. Unfortunately, fear of further pain and a completely new economic environment have kept many people cynical and out of the […]Read More
A few years ago, in a 2013 article on MarketWatch, I predicted that by early in the next decade, the United States would no longer need imported oil from OPEC. I was in no uncertain terms told I was wrong by many pundits and commentators, as well as, flat out laughed at. “…Because the […]Read More
2017 marks the beginning of a pivotal period for the global economy and geopolitical landscape. Over the past 40 years, the underpinnings of expanding global trade — globalization — has led to unprecedented economic growth. The remarkably uneven distribution of that growth and wealth creation, however, has finally caught up with the system. […]Read More
For the past few years, I have been writing about how the global economy is poised for a very long period of slower growth. Early this year on MarketWatch, I dubbed what was going on as “slow growth forever.” While I know that people want to believe that the global and U.S. economies can grow faster, the reality is that slower growth is structural in nature.Read More
The “dark” philosopher Heraclitus of Ephesus said that, “the only thing that is constant is change.” In today’s world, change is so constant, and seemingly accelerating, that many people are befuddled because they feel the world is passing them by. This feeling of being passed by, which drives frustration and anger, is nothing new though. Thousands of years ago, people had the same feelings. If change has always caused frustration and anger, has anything really changed?Read More
The saying “sell in May and go away” might have a more true meaning this year than most. Global risks to the economy and markets are rising at a rate I have not seen since 2006-07.Read More
Happy New Year! For me I am glad to see 2015 go. I had a heart injury, a house fire and have been early on several stock picks. Such is life. I survived, nobody got hurt in the fire, I’m back in my house and early doesn’t usually mean wrong if you are patient.
This is very important reading in my opinion, so please get a beverage and hunker down for a half hour. At least one topic I’m going to cover could spawn a book, but I will keep it as short as possible.Read More
In autumn of 2011, I wrote in MarketWatch’s “Next Great Investment Columnist” competition, that one thing was going to change everything for America. That one thing was the development of our own natural gas and oil reserves. My analysis landed me a spot on MarketWatch.com of the Wall Street Journal network in November of 2011. A few weeks later, Citigroup and Goldman Sachs made public their research that agreed with mine.
By 2012, banks and investors started flooding the oil and gas market with money for drilling projects. In my annual freedom letter of 2012, I said that America’s oil and gas development was so great that it would ultimately lead to our freedom from OPEC. I repeated that sentiment on MarketWatch but few people in the broader population believed me. Today, American imports of oil and gas from OPEC are at the lowest levels in 28 years and down over 50% from the 2008 imports.
Last summer in an article titled the Peak Oil Plateau I laid out the case for dramatically lower oil prices and why to sell most oil and gas stocks. As it turns out, I understated the case and prices crashed even further than I anticipated as traders were able to pound shares to prices below what is justified due to pessimistic investor psychology lasting well beyond the financial crisis. After about a year now of carnage among oil and gas companies struggling with debt and low energy prices, I believe we are in store for another dramatic shift.Read More
This is some dummy copy. You’re not really supposed to read this dummy copy, it is just a place holder for people who need some type to visualize what the actual copy might look like if it were real content. If you want to read, I might suggest a good […]Read More