It has been said that semiconductors are the new oil, so central are they to the contemporary economy. Currently, a scarcity of semiconductors is the bottleneck holding up production of many goods such as automobiles. Many investors have exposure to…
$20 billion used car retailer CarMax (KMX) reported earnings for the quarter ended November 30 Wednesday morning. While the top line was on fire at +65% this didn’t translate to the bottom line with EPS up only 15%. Why? Similar…
The combination of all this fiscal and monetary stimulus is turbocharging what Keynes called aggregate demand. All that demand is putting tremendous stress on the global supply chain resulting in bottlenecks and raw material inflation. The inflation we are now…
For the first time in 40 years we have real inflation in the US and the implications are enormous. It means the end of the 40 year bond bull market, a stock market crash and The Second Great Depression. In…
There are a number of companies on a different fiscal year whose quarter ended at the end of August rather than September and therefore give us a preview of what to expect when 3Q earnings season swings into full gear…