Global Market Comments February 28, 2013 Fiat Lux Featured Trade: (SUNDAY WITH PRESIDENT JIMMY CARTER)
Archive | February, 2013
Sunday With President Jimmy Carter
When I heard that our 39th president, former governor of Georgia, and Nobel Peace Prize winner, Jimmy Carter was coming to town, I moved heaven and earth to meet him. I served in the White House Press Corps as the The Economist correspondent during the latter part of his term, and was dying to get [...]
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February 28, 2013 – Quote of the Day
“When former president, Jimmy Carter, once addressed a graduating class in Japan, they suddenly broke out into wild laughter. He later insisted that the interpreter tell him what he said. After much prodding, he confessed “I said the president has just told a joke, and you must laugh.”
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Why the Markets Could Care Less About Sequestration
They say a picture is worth 1,000 words. The map below is worth a PhD thesis, and perhaps a weighty tome. Prepared by my friends from government data at the online financial site run by Henry Blodget, Business Insider, it ranks the states most impacted by the sequestration of federal spending that starts on Friday, [...]
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Be Careful Who You Snitch On
Buried in the recently passed Dodd-Frank financial reform bill are massive financial rewards for turning in your crooked boss. The SEC is hoping that multimillion-dollar rewards amounting to 10%-30% of sanction amounts will drive a stampede of whistleblowers to their doors with evidence of malfeasance and fraud by their employers. If such rules were in [...]
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February 27, 2013 – Quote of the Day
‘Total credit market debt in the world has gone from $80 trillion to $200 trillion in the last ten years, an 11% annual rate, while GDP has grown by 4%. This can’t continue. It’s a simple matter of arithmetic,’ said Kyle Bass, of hedge fund Hayman Partners.
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Suddenly Those Italian Lessons Are Paying Off
Welcome to the first black swan of 2013! You couldn’t mistake the meaning of the cries of topless female protesters as they flung themselves at police guarding Italian polling stations on Monday. Basta! Basta! Enough! Enough! The purpose of their demonstration was visibly scrawled in large letters across their nubile bodies in black ink for [...]
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New BOJ Governor Craters Yen
At long last, Japanese Prime Minister, Shinzo Abe, has appointed a new governor to the Bank of Japan, Haruhiko Kuroda. The foreign currency markets responded immediately, taking the Japanese yen down to ¥94.60, a new three year low. It also broke new ground in a range of currency crosses, including Euro/Yen, Ausie/Yen, and Kiwi/Yen. It [...]
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Peter F. Drucker on Management
If you have been living in a cave for the last 72 years and missed the work of management guru, Peter F. Drucker, here is your chance to catch up. I just finished reading The Essential Drucker, a weighty tome of 368 pages which summarized the high points and pearls of wisdom of the author’s [...]
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February 26, 2013 – Quote of the Day
“You can reduce discretionary spending down to zero and it won’t have much impact on our fiscal problems because it’s such a small proportion of the total,” said Ben Bernanke, chairman of the Federal Reserve.
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A Day in the Life of the Mad Hedge Fund Trader
Diary Entry for Friday, February 22, 2013 Dear Diary, 4:30 PM Thursday- Thought I’d check my Bloomberg to see how the Asian markets were opening. Wow! Shanghai is really taking it in the shorts, down 5%. Looks like when Ben Bernanke catches a cold, the Chinese markets catch pneumonia. They must be more dependent on [...]
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February 25, 2013 – Quote of the Day
“Over the long term, all of the fiat currencies of the world are involved in a competitive devaluation. The structural stresses in most of the western economies are such that centrals banks will attempt to continue to substitute liquidity for solvency.” said Rick Rule, chairman of Sprott US Holdings, a precious metals specialist.
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Follow Up to Trade Alert – (GLD) May 20, 2013
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Trade Alert – (GLD) May 20, 2013
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Introducing the Mad Day Trader
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A Special Note to Trade Alert Followers
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Revisiting the First Silver Bubble
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May 20, 2013 – Quote of the Day
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An Evening With Congressman Barney Frank
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The Most Functional Word in the English Language
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My 2012-13 Stock Market Forecast.
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Last Chance to Come Join Me for the Paris Strategy Luncheon – July 17, 2012
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My Personal Leading Economic Indicator
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SOLD OUT! December 27 Chicago Strategy Luncheon
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An Evening With the Chinese Intelligence Service
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Take a Look at Occidental Petroleum (OXY)
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Another Nail in the Euro Coffin
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Sold Out! Las Vegas January 27, 2012 Strategy Luncheon