Could space gold bring about the collapse of the U.S. economy? Over the last few weeks, several articles from Fox News to Bloomberg.com to various British tabloids have broached the subject of the dangers extraterrestrial precious metals could pose to global commerce.
This month, way back in 1847, Sir Charles Isham introduced garden gnomes to the world of English horticulture. He hoped that by placing the sturdy statuettes strategically on his grounds they would attract real gnomes to his residence. This idea was vehemently opposed by the laborers on his estate.
The term “API”, or application programming interface, has been bandied about as a buzzword in software circles for almost two decades, but this ubiquitous acronym can also provide a useful framework for understanding why certain companies become valuable in our increasingly complex and computer-dominated world.
This newsletter has always stood up for the little guy, and in the world of geology there is no littler guy than the pebble. So we heroically declare that modern civilization, from morality to mathematics, wouldn't be possible without these humble little stones. For example, in antiquity, a scruple was a sharp pebble kept in one's sandal as a constant reminder to do the right thing.
We are looking forward to the close of another quarter. The question, of course, is what will happen with Q2 earnings? As of right now, the forecasts are for a decline in S&P 500 earnings of –2.5% year-over-year for Q2. If this prediction becomes a reality, it will mark the second straight quarter that year-over-year EPS (earnings per share) declined.