The Government’s Plan to Steal Your Money
There are consequences to being flat broke. There are consequences to investing any level of confidence in a financial system underpinned by debt and the creation of paper currency. There are...
View ArticleHSBC Flash China PMI At 7-Month Low
Here’s the first piece of today’s data dump from Markit that hammered the markets and Mr. Risk. Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & Co-Head...
View ArticleEurozone Contraction Continues
Markit reports, Commenting on the flash PMI data, Chris Williamson, Chief Economist at Markit said: “The flash PMI for June rounded off the weakest quarter for three years, indicating Eurozone GDP is...
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12 Reasons Why The US Recession Has Already Arrived
I am amused by the Shadow Weekly Leading Index Project which claims the probability of recession is 31%. I think it is much higher.When the NBER, the official arbiter of recessions finally backdates...
View ArticleThoughts on Spain's Stress Tests and ESM
Currency in Crisis Spanish officials will likely find comfort in the results of the latest stress tests. They can still feel as if the 100 bln euro line from the EFSF/ESM will be more than...
View ArticleGerman Flash PMI At Three-Year Low
Markit reports on another of the hammers that hit the markets today, Commenting on the Markit Flash Germany PMI® survey data, Tim Moore, Senior Economist at Markit said: “Germany’s private sector...
View ArticleBreak the Institutional Barrier (and Substantially Raise AUM)
New hedge fund managers – and small shops with less than $250 million in assets – have a tremendous advantage in navigating markets. Boutique shops can efficiently build and liquidate positions with...
View ArticleJune 21, 2012
History’s Clues to What Tomorrow Brings…Are You Prepared for the Next Fifteen Years? We wrote recently about how Japan’s last two decades can act as a guide for what the United States might expect...
View ArticleStratfor: Effectiveness of Austerity in Europe (Portfolio)
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View ArticleDaily ETF Roundup: VXX Soars On Sour U.S. Data, EWZ Heads South
The bears had their heyday on Wall Street today, as yesterday’s stimulus hopes seemingly disintegrated, forcing investors to face the heightened probability of a less than cheery future for the global...
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S&P 500 SNAPSHOT: Second Worst Decline Of 2012
The selloff in the benchmark S&P 500 was a steady downward slope to the second worst close of 2012, a loss for the day of 2.23%, just a few basis points from the 2.46% selloff on June 1st. What's...
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A Contractionary Fiscal Contraction Is Even More Contractionary
...once one takes into account spillover effects, which are likely to be large in the Eurozone. In my post from last week in which I made the commonsensical observation that contractionary fiscal...
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MONTI: We Have A Week To Save The Eurozone
Italy's prime minister, Mario Monti, has warned of the apocalyptic consequences of failure at next week's summit of EU leaders, outlining a potential death spiral whose consequences would become more...
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Another Round Of QE Is Inevitable
For the past several months we were one of the few to predict economic weakness as the effects from the warmest winter in 65 years, which was skewing the underlying data, came to end. We have been...
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This Could Be The First Of Many Chinese Developers To Implode
I was quoted today by the BBC on today’s announcement that China will relax some of its restrictions on foreign investment in its domestic stock market. You can read my comments here, and I’m also...
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What NOT To Expect From The European Meetings This Week
The Euro group of finance ministers meet Thursday and Friday there is a heads of state meeting for Germany, France, Italy and Spain. These meetings should be understood as preparing and positioning...
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MARK MOBIUS: Europe Will Emerge Stronger From The Crisis
I truly believe it pays to be an optimist in life. As a long-term investor, it’s practically part of the job description. You can fearfully view a crisis as a time of loss and peril, or you can choose...
View ArticleHow I legally caused $BAC to lose $4k on my mortgage.
Legally Hurting your Servicer in Three Easy Steps I knowingly caused Bank of America ($BAC) to lose a little over $4000k on my home mortgage originated last year and, best of all, I did it legally. It...
View ArticleUniversity and modern economics are the great 21st century delusions
One of the favorite books is Extraordinary Popular Delusions and the Madness of Crowds. It was published way back in 1841 but the lessons for traders are timeless. It shows how simple, misguided ideas...
View ArticleNonlinear Thinking: Making the Invisible Visible in Video
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