Hey, Gov. Greg Abbott? This is how you think Jesus rolls, right?

“Our economists say there’s a 35% probability that the U.S. tips into recession over the next year, an estimate that’s well below the median of 65% among forecasters in a Wall Street Journal survey,” said Goldman Sachs’ economists in their 2023 outlook. “The U.S. may avoid a downturn in part because data on economic activity is nowhere close to recessionary.” #CoSoFinance

We made money in the oil markets in 2022, but it wasn't a joyride. #CoSoFinance

So it turns out Elon Musk is friends with Andrew Tate. That's how Tate got unbanned from Twitter. I didn't realize that Glass Onion was a biopic.

Southwest Airlines Spent $5.6 Billion on share buybacks in Years Ahead of Mass Cancellation Crisis https://www.commondreams.org/news/southwest-airlines-shareholder-gifts Coincidentally, got a $7 billion bailout during the pandemic. But didn't have the money to upgrade its computer systems.

"Any time you allow an exemption from the rules that are supposed to be enforced and do not jail people immediately when they are caught breaking the rules you will get more law-breaking." https://market-ticker.org/akcs-www

Best damned tweet of the entire years.

Since 2004, America has lost 2,511 newspapers on net.

Today, some 6% of U.S. counties have no newspaper, and 51% of counties have just one. hat-tip Steve Rattner

Leading economic indicators have turned negative. Even the the 6-month annualized percent change in the LEI (below) is negative. This is a strong indicator of recession, probably in Q1. #economy #CoSoFinance

Energy outperformed other sectors by a wide margin in 2022. That's three years in a row. The chances of four in a row are low, but not zero. #CoSoFinance

We are probably in the late stage of the business cycle. That points to lower stock prices ahead, but a bottom in the first half of the year (most likely), and I'm leaning toward Q1 (probably). #economy #CoSoFinance

Stock market update: This is only the fifth year since 1928 when both stocks and bonds were negative. Talk about nowhere to hide. #CoSoFinance

Republican Rep.-elect George Santos admits to lying about key details https://www.marketwatch.com/story/republican-rep-elect-george-santos-admits-to-lying-about-key-details-of-his-bio-11672102562?reflink=mw_share_twitter I would find it offensive if it was my ethnicity someone was lying about -- I mean, he claimed to be Jewish and said his grandparents escaped the Holocaust -- but what do I know

8 of the top 10 performing stocks in the S&P 500 for 2022 are oil & gas stocks. #energy #CoSoFinance

The energy industry has learned not to overinvest. This chart shows how oil-industry investment was declining as demand was increasing through 2021. HOWEVER, day rates for rig rentals are rising, so we'll likely see spending increase when Q4 2022 results come in. #CoSoFinance