I found a link to a new report from CIBC Word Markets that really made me pause to think. In the June 2008 issue of StrategEcon, Chief Economist, Jeff Rubin raised CIBC’s target for West Texas Intermediate by $20 per barrel to an average price of $150 in 2009 and by $50 per barrel to an average price of $200 per barrel by 2010.
According to Rubin,
“Under prevailing refinery margins that should translate into a near-$7 per gallon pump price within two years, a 70% increase from today’s already record levels.”
Furthermore, Rubin says,
“Over the next four years, we are ...
Apologies for the inconsistent posting. This week should allow me more time. All last week I was out in San Francisco for the Web 2.0 Expo sponsored by the great folks at O’Reilly Media. I really had a great time!
The big theme of the last two weeks has been the economy. I have spent a lot of time thinking, reading, talking and listening to some of the greatest economic minds of our day. The picture painted by most suggests only one thing: we should all be worried.
The economy has held up reasonably well as of late, propped up by the ...
The New York State Legislature has soundly defeated Mayor Bloomberg’s proposal for a city congestion pricing proposal. It’s not surprising because saying ‘no’ is the easy thing to do. It’s the safe thing to do. It’s also decidedly un-edgeeconomy.
Unfortunately in business and in politics, operating on the edge (that space where innovation thrives) seems to me, too often correlated with personal gain. Take the sub-prime debacle as an example. ‘Innovative’ lenders were pushing the envelope, but only because they stood to gain massive returns. Hedge funds like LCTM pushed the innovation envelope but motivated by money. In the new movie ...
Thank you Umair Haque!
I have been writing and talking about the fundamental shifts we are seeing in work culture for quite some time. A couple examples are here and here. I even have dedicated a category of this blog to the phenomenon I call “tech’nomics,” or the intersection/impact that technology has on the economy. So it is exciting to see well-known influencers in the space agreeing with Umair and adding to the conversation. It’s especially exciting since we’re building Workstreamr to be a player in this new world.
AVC recently stated:
What Umair is suggesting is that technology, particularly Internet technology, ...
A while back I wrote a post called Investment Economics for Young Professionals. In it I promised a follow-up post on the four areas where I feel young people would be wise to invest. To reiterate - I am not an investment professional - so please do your own homework and take these suggestions with a grain of salt.
Shipping. It would seem to me that premium shipping companies such as UPS and FedEx are prime for long-term sustainability and growth. The amount of goods sold online continues to climb year over year. This growth will continue as more people ...
As I mentioned in my post yesterday, I just returned from SXSW. The atmosphere among most attendees seemed one of optimism, bordering on carefree exuberance. Companies like Facebook, Digg, Etsy and Google threw great parties and spoke about how they would ‘revolutionize’ this or that.
Many other earlier-stage startups I spoke with were confident they would soon score substantial investments at great valuations. And why not? AOL just bought Bebo and may go for Kickapps. Union Square Ventures just launched a new fund. Microsoft is buying, apparently not deterred by its Facebook investment. Even articles on the Spitzer debacle ...
I’m planning to present at BarCampNYC3 talking about the office of the future.
It’s my proposition that the office and work culture will be in a transition by 2013. Overtime, office environments will look almost nothing like the traditional office environments of today. One of the forces driving these changes is the benefit from open knowledge sharing. Institutions, it seems, continue to discover increases in value (ROI) from opening-up closed environments. I foresee this trend eventually seeping into office culture.
For example, instead of hiring a jack-of-all-trades who is ‘okay’ at a lot of things, why not take that salary and ...
Here is a resource for all the finance geeks out there:
[Martin Lipton's M&A Activity 2008]
Martin Lipton is a founding partner of the infamous Wachtell, Lipton, Rosen & Katz the firm that generates the most revenue per employee of any firm worldwide. While Lipton is quite the entrepreneur in his own right, he is perhaps best known within finance circles for his annual letter of M&A activity predictions. Among finance gurus – especially those with a predilection for M&A – Martin’s letter is revered on the same level as Warren Buffet’s annual address in Omaha.
So what ...
Many of my friends are in the fortunate position to have stable, well-paying jobs. Several of these friends have recently come to the realization that while saving money is good, what they should really be doing is growing money – not simply saving it. Along those lines, the impending social security crisis and the power of compounding are concepts most understand.
Several people in the past couple weeks have asked me what they should do with their money since simply ‘saving it’ is inadequate. Why they ask me, I am not sure. Perhaps it’s because I have an MBA, ...
Patent reform is an under-discussed topic among bloggers and entrepreneurs, likely because it is so complex, esoteric and costly. According to some VCs, patent defense is so improbable that they consider patents the most "overvalued assets" trumpeted by startups seeking funding.
While most people understand the need for reform stemming from patent trolls, less well understood are the other issues embedded in the proposed new legislation reforms. In this weekend’s New York Times, John Markoff does a decent job of covering some of these controversies…
“Passed by the House of Representatives with relatively little debate, the Patent Reform Act of ...