U.S. Jobs Report: Unfavorable but Unbiased

Published on August 13, 2025

A cooler labor market was long in the making.

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The US Oil Shale Industry Is Doing More With Less

August 13, 2025
The US oil industry is often compared to being on a treadmill: you run fast just to stay still.

Structured Credit: A Better Margin of Safety When Spreads Are Tight

August 13, 2025
Currently, spreads in most credit markets are at or close to historically tight levels, meaning that investors are locking in significantly lower levels of compensation than they have, on average, over the past several decades.