Trading to Win

Why I Expect a Year End Bear Market Bounce

I am going with Nassim Taleb and Charlie Biderman. The bounce may fizzle soon. Best to start building short positions.

Taleb is interviewed by Charlie Rose and it is worth watching.

Taleb thinks that Nouriel Roubini is actually underestimating the magnitude of the financial collapse.

Deflation Is Acid Burning Through the Economy

Do you guys in America not believe in capitalism any more? What is wrong with creative destruction? Over leveraged and poorly managed businesses will go bust. Capital will be allocated to the winners and new start ups, rather than propping up losers.

There has been too much debt accumulation and America has been running a just-in-time economy fuelled solely by huge amounts of debt. It has now blown up and the system has to be cleared.

Don't worry we in Britain are following your socialistic/communisit... attitude of commanding the economy and bailing out the Debt Junkies and the Bubble Addicts.

Recessions Are Perfect for Currency Investing

I don't see GBP as a higher yielding currency, we in the UK are headng to ZIRP. The Euro will likely follow. USD strength looks likely to continue as the depression intensifies.

The Coming Dollar Deflation

Excellent article buddy. You closed it beautifully.

Ben Stein Watch: November 30, 2008

Ben Stein and Anatole Kaletsky, of the Times of London, are two peas in a pod.

Time to boil and eat them.

Ricardian Equivalence in the Markets Today

Macro Man,

What's your take on Blighty? Will the IMF be called in? Will we go L shaped? What's your vibe?

Joy Over the Chinese Stimulus Package Didn't Last Long

Hi MM,

I am a UK based investor. How do you see the UK going forward.

Some Doomsters see the IMF being called in as the economy collapses. Instead of -1.5% GDP in '09 we get -3%+.

Is the UK economy set to implode?

Keep it pumping!!!