Life is full of ironies and there may be no more vivid example of that today than in the oil patch. Wouldn’t it be the height of irony if the radical shift by the automotive industry toward electric vehicles (EVs), and away from internal combustion engines (ICEs), created the next oil price surge into triple digits? Sound crazy? Please allow me to explain…with a lot of help from a kindred spirit, the keen minds at the investment research firm Macro Ops.
It’s no secret that here at Evergreen we’re boisterous free-market advocates. Data and history show that economies operating freely in a system with moderate and rational government control perform better in the long-run. When economies are burdened by excessive government policy or overwhelmed with authoritarian control, nations become unstable, which often spurs abuse and extremism.
In the financial newsletter industry, John Mauldin is like LeBron James. No one stands taller or is more popular than John with his million-plus circulation of Thoughts from the Frontline. Candidly, John’s work inspired me to start writing the Evergreen Virtual Adviser back in 2006 (so now you know who to blame!).
Regular EVA readers are no strangers to Danielle DiMartino Booth, former senior adviser to Dallas Fed President Dick Fisher before and after the housing bust. Even sporadic viewers of CNBC are likely to have seen her repeatedly interviewed on nearly all things Fed-related.
Sometimes our newsletter has been accused of writing too technically about financial markets. Truth be told, it’s a constant juggling act to write something that caters to casual market observers as well as to those who pore over the meeting minutes every time the FOMC convenes.