LATEST INSTABLOGS POSTS

  • Paris Strategy Luncheon Review
    The full force of soaring oil prices really hit home when I took a taxi to the Paris airport yesterday. As we passed a gas station, I mentioned to the driver that I didn’t know that they sold gas by the gallon in France. He answered that they didn’t. France depended on Libya for much... More »
    Apr. 18, 2011
  • The Mad Hedge Fund Trader’s April 28 Phoenix Luncheon
    Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Phoenix, Arizona on Thursday, April 28, 2011. A three course lunch will be followed by a 45 minute PowerPoint presentation and a 30 minute question and answer period. I’ll be... More »
    Apr. 18, 2011
  • Quote of the Day
    “In a screwed up way it’s the best thing that could have happened to you. Stop going for the easy buck and produce something with your life. Create, instead of living off the buying and selling of others,” said Carl Fox in response to his son Bud is going to jail for insider... More »
    Apr. 18, 2011
  • The New Deflation
    It seems that all you hear about these days is deflation. That is certainly what the bond market is telling us, with my screen blaring at me a miserable 2.93% yield for the ten year Treasury bond. But there is a new definition for this economic malady that applies to us hapless consumers. In the... More »
    Apr. 18, 2011
  • The Problem With GM
    Like a heroin addict who just can’t wean himself off of the good stuff, General Motors (GM) is going back into subprime lending to finance new auto sales. Although the much diminished company is still has a large government ownership,  and has made great strides at reforming its... More »
    Apr. 18, 2011
  • My Run in With the Law
    I’m sorry I’m late getting my letter out today. I was racing home from San Francisco on Highway 24 when the California Highway Patrol pulled me over for doing 80 mph in a 65 mph zone. The officer asked me where the fire was, and I told him I was rushing back to my office to get my... More »
    Apr. 18, 2011
  • What Will the World Look Like in 100 Years?
      China is in serious trouble. That is the conclusion of Dr. George Friedman, president of STRATFOR, a geopolitical strategy consulting firm. While it has had a great 30 year run, that performance will not extrapolate 30 years into the future, as many China (FXI) bulls believe. Of the... More »
    Apr. 18, 2011
  • Quote of the Day
    In Despicable Me, the latest animated children’s’ film from 20th Century Fox, the Bank of Evil, used to finance the nefarious deeds of villains, has listed under its name “formerly known as Lehman Brothers.”
    Apr. 18, 2011
  • The Ultra Bull Argument for Gold
    I am constantly barraged with emails from gold bugs who passionately argue that their beloved metal is trading at a tiny fraction of its true value, and that the barbaric relic is really worth $5,000, $10,000, or even $50,000 an ounce (GLD). They claim the move in the yellow metal we are seeing... More »
    Apr. 18, 2011
  • The “Frontier” Markets are Beckoning.
    A quick look at the world’s top performing stock markets during the first half of 2010 will not exactly ring bells for many investors. Bangladesh came in tops with a 40.7% gain, followed by Sri Lanka (34.6%), and Venezuela (18%). You have to get down to Chile, number four, to find an ETF... More »
    Apr. 18, 2011