---
title: "Secular Yearbook"
url: https://independentstockanalysis.com/secular-yearbook/
description: "Global Investment Returns Yearbook 2013 by Credit Suisse . Why is US Oil Consumption Lower? Better Gasoline Mileage? at TOD . The unsaid answer in the…"
published: 2013-02-09
updated: 2013-02-09
---

# Secular Yearbook

Published 2013-02-09

Posted on

by

J.J. Butler

Global Investment Returns Yearbook 2013 by [Credit Suisse](http://www.investmenteurope.net/digital_assets/6305/2013_yearbook_final_web.pdf).

Why is US Oil Consumption Lower? Better Gasoline Mileage? at [TOD](http://www.theoildrum.com/node/9811). The unsaid answer in the excellent piece is **price.**

Meanwhile, Chinese oil imports are going the opposite direction:

“The U.S. trade deficit shrank in December to its narrowest in nearly three years…A fall in petroleum imports led overall purchases from abroad to decline $4.6 billion in December. For the entire year, the country’s imports of crude oil fell to their lowest levels since 1997 in terms of volume.” ([Reuters](http://www.reuters.com/article/2013/02/08/us-usa-economy-trade-idUSBRE9170J520130208)) You know, the benefits of horizontal drilling et all. Could any limits on the US export of LNG violate the law? at [Platts](http://blogs.platts.com/2013/02/05/lng-exports/).

The title misrepresents the essay: Higher Oil Taxes Would Lift the Economy at [Bloomberg](http://www.bloomberg.com/news/2013-02-07/higher-oil-taxes-would-lift-the-economy.html).

Housing Price Update by [Scott Grannis](http://scottgrannis.blogspot.com/2013/02/housing-price-update.html).

“B​en Bernanke’s fingerprint is clearly present in the current rally.” [Financial Iceberg](http://www.financialiceberg.com/jan_22_fed_new_bubbles.html)

Currency Wars Return, 1930s Style: Who Will Lose Out? at [CNBC](http://www.cnbc.com/id/100441340). The ECB staying out of currency wars – for now at [Sober Look](http://soberlook.com/2013/02/the-ecb-staying-out-of-currency-wars.html).

A dime is what a penny was by [Alex Pollock](http://www.aei-ideas.org/2013/02/a-dime-is-what-a-penny-was/).

Truth Seeking: Is The Gold Bull Market Ending? at [GSW](http://goldsilverworlds.com/gold-silver-insights/truth-seeking-is-the-gold-bull-market-ending/). Gold Miners vs. the S&P – Surprising Conclusions at [Casey Research](http://www.caseyresearch.com/articles/gold-miners-vs-sp-surprising-conclusions)

India reckons 2012/13 economic slowdown worse than expected at [Reuters](http://in.reuters.com/article/2013/02/07/india-economy-gdp-rbi-idINDEE91604020130207).

Perhaps the stock market apathy required to end the secular stock market bear will coincide with a *Financial Transaction Tax* ([NY Times](http://dealbook.nytimes.com/2013/02/06/time-to-revive-the-financial-transaction-tax/?smid=tw-share)).

“By far, proper risk management is the most important part for me. I know that no matter what I do, many trades I make will not work out. Not because they weren’t correct or I was stupid, but that so many things outside of my control can go very wrong. So, when a trade moves against me, I focus on losing as little as possible and then move on to the next one.” [Charles Kirk](http://www.kirkreport.com/2013/02/05/12-questions-for-kirk/)

One Bad Trade by [Brian Clund](http://bclund.com/2013/02/05/one-bad-trade/).