The Election is Over: Obama Won


For the second time in four years, the Republican Party has blown a presidential election through the choice of a running mate. What little chance the GOP had in winning the election has gone up in smoke with the selection of Wisconsin congressman Paul Ryan to join the ticket. Think of him as a Sarah Palin with pants. Of course, there was great celebration by the Tea Party … [Read more...]

Time to Pick Up Some Gold


Gold has clearly evolved into a call option on global quantitative easing. Don’t think of it just as the stuff your dentist puts in your teeth or the thing your girlfriends gets you to wrap around her finger anymore. I don’t think that the Federal Reserve will implement QE3 at its September 16-17 meeting, or even next year. This shocking realization will be bad for gold … [Read more...]

The Slippery Slope for Oil


If volatility and lack of direction in the equity market are driving you nuts these days, thank your lucky stars you’re not in the oil market. Only last night, a Japanese supertanker plowed into a US Navy destroyer, causing prices to spike. That’s assuming that you had time to notice while sifting through numerous, contradictory leaks from Israeli intelligence about whether … [Read more...]

How to Get a Free Trip to Europe


During my recent trip to Europe, I made another startling discovery about the woeful state of America’s 19th century health care system. I needed to get refills on my prescription drugs when I was in Zermatt, so I stopped by the local pharmacy and placed an order. This was for three different a typical guy my age takes for blood pressure, cholesterol, and arthritis. Since my … [Read more...]

Double Up or Bail on Your JC Penny Short?


The stock of the day last Friday was, no doubt, JC Penny (JCP), one of the most heavily shorted stocks in the market, which announced Q2, 2012 earnings. Despite a huge miss, the stock soared by 20% because the losses were not as bad as many expected. This leads to the question of whether traders should double up or bail on the existing short positions. As the dispassionate … [Read more...]



I am a UH-1Y Huey helicopter pilot in the US Marine Corps. I am currently deployed aboard the USS Boxer as a Forward Air Controller with Battalion Landing Team 1/1, 13th Marine Expeditionary Unit. Our area of responsibility is the Middle East, which is where I’m writing this from now. I have been a follower of for over a year now. A friend of mine from … [Read more...]

Don’t Miss the August 15 Global Strategy Webinar


My next global strategy webinar will be held on Wednesday, August 15 at 12:00 noon EST. This webinar will be broadcast from back home in San Francisco, so everything should work. I’ll be giving you my updated outlook on stocks, bonds, commodities, currencies, precious metal, and real estate. The goal is to find the cheapest assets in the world to buy, the most expensive to sell … [Read more...]

When Bad Becomes Good and Worse is Even Better


Welcome to the “Heads I win, tails you lose” market. The prospect of imminent quantitative easing by the US, Europe, China, and even Japan is supporting asset prices globally. The worse the economic data reports, the greater the likelihood of such action, and the higher prices can rise. In this topsy turvey world, bad becomes good, and worse is even better. The only reason … [Read more...]

Bring Back the Uptick Rule!


When the Dow crashed 514 points on August 8, 2010, the market lost a staggering $850 billion in market capitalization. High frequency traders were possibly responsible for half of this move, but generated a mere $65 million in profits, some 7/1,000’s of a percent of the total loss. Are market authorities and regulators being penny wise, but pound foolish? The carnage the HF … [Read more...]

August 10, 2012 – Quote of the Day


“My feeling is that the bond market is grossly overvalued. We’re going to have 2%, 3%, 4% inflation. That’s what Bernanke is really saying. If we are going to have interest rates at zero for two years, that is actually going to push inflation up higher,” said professor Jeremy Siegel of the Wharton School of Business. … [Read more...]

Europe’s Big Problem


Europe has a big problem. No, it is not the continuing sovereign debt crisis, the lack of leadership, or the possible departure of up to a quarter of its membership, although these are all major worries.  Nor is it the Euro, the currency that everyone loves that has been declining for the last two years. No, the problem I am talking about is much worse than that. It is in fact … [Read more...]

Musings of a Dinosaur


I often get accused by readers of being a dinosaur, of being insensitive to the feelings of others, and of living as a relic from a previous age. Well, you all may be right. So it is with some amusement I run a piece that I have lifted from my friend, Dennis Gartman’s, The Gartman Letter, on the difference between going to school in 1957 and 2010: Scenario 1: Jack goes … [Read more...]

The One Bright Spot in Real Estate


After my weekly dump on residential real estate, I feel obliged to reveal one corner of this beleaguered market that might actually make sense. By 2050 the population of California will soar from 37 million to 50 million, and that of the US from 300 million to 400 million, according to data released by the US Census Bureau and the CIA fact Book (check out the population … [Read more...]

The Muni Bond Myth


Some 18 months ago, bank research analyst Meredith Whitney is predicted that the dire straits of state and local finances would trigger a collapse of the municipal bond market that would resemble the Sack of Rome. She believed that total defaults could hit 2,000 issues and reach $100 billion in value. Those sharp edged comments caused the main muni bond ETF (MUB) to plunge from … [Read more...]

Report From Milan


Milan, Italy appears to be a city entirely populated by fashion models riding bicycles on the city’s frenetic streets. That is one’s first impression coming out of the monolithic Milano Centrale train station, built by Mussolini to reaffirm faith in his state. Despite years of allied bombing during WWII, the building is as imposing as the day it was built. You Think It’s … [Read more...]

Is Food the New Distressed Asset?


After my entertaining repast with the head of our nation’s intelligence service, I had to ask myself this question. During the sixties, new dwarf varieties, irrigation, fertilizer, and heavy duty pesticides tripled crop yields, unleashing a green revolution. But guess what? The world population has doubled from 3.5 to 7 billion since then, eating up surpluses, and is … [Read more...]

Please Use My Free Data Base Search


The original purpose of this letter was to build a database of ideas to draw on in the management of my hedge fund. When a certain trade comes into play, I merely type in the symbol, name, currency, or commodity into the search box, and the entire fundamental argument in favor of that position pops up. With a link chain to older stories. You can do the same. Just type … [Read more...]

The One Economic Indicator You Can Rely On


There is no end to which I am willing to go to understand the future direction of the world economy. So when I learned that the price of Brazilian bikini waxes was going through the roof, I had to sit up and take note. Last month, the price of the popular beauty treatment soared by 16.6% to 35 Reals, about $22. This is no joke. The Brazilian government includes the removal … [Read more...]

Your Portfolio and the Population Boom


Long time readers of this letter know that demographic issues will be one of the most important drivers of all asset prices for the rest of our lives (click here). Researchers expect that the global population will reach 9 billion by 2045, the earliest date that I have seen so far. Can the planet take the strain? Early religious leaders often cast Armageddon and Revelations in … [Read more...]

The World’s Worst Investor


My grandfather was an immigrant from Sicily who joined the army during WWI to attain US citizenship, lost an eye when he was mustard gassed on the Western Front, and settled down in the Bay Ridge section of Brooklyn after the war. He bought a three bedroom brick home on 76th street for $3,000, eventually raising four kids. Back then, there was a dairy farm across the street, … [Read more...]



One day in New York a few years ago, I had a few hours to spare waiting to board Cunard’s Queen Mary 2 to sail for Southampton. So I decided to check out the Bay Ridge address near the Verrazano Bridge where my father grew up that I had heard so much about during my childhood. I took a limo over to Brooklyn and knocked on the front door. I told the owner about my family history … [Read more...]

How the US is Getting Screwed on Its China Trade


One of the great things about running a website with a truly global reach is that readers send me material which is nothing less than outrageous. So I had to laugh when I found in my inbox an animation of two bears discussing the hopelessly idiotic approach the US government has taken towards its trade with China over the past two decades. America gave away 25 million jobs, … [Read more...]

Trade Alert Service Punches Through to New All Time High


Global Trading Dispatch’s Trade Alert Service posted a new all-time high yesterday, clocking a 50.9% return since inception. The 2012 YTD return is now at 10.71%. That takes the average annualized return up to 30.1%, ranking it among the top five performing hedge funds in the world. Those happy subscribers who bought my service on May 23 have seen every one of my 11 trade … [Read more...]

Report From Zermatt


My first morning in the Swiss mountain hamlet of Zermatt, home to the Matterhorn, I was awoken by an army platoon outside my door, fully armed with fixed bayonets. No, I was not being arrested for past indiscretions in the idyllic Alpine paradise. My often-inflammatory opinions had not even triggered an international incident worthy of military action. It was in fact, the … [Read more...]

Technology Glitches Fell the Mad Hedge Fund Trader


Many apologies to the hundreds of listeners who were cut short during the broadcast of my biweekly strategy webinar on Wednesday, August 1. Despite the Herculean efforts of the staff, sometimes the technology doesn’t deliver as promised. This was one of those days. For a start, getting the GoToMeeting software to work on an iMac is a bit like trying to shove a round peg in a … [Read more...]

The Fed Says No QE3


As I expected, the wildly optimistic expectations for further quantitative easing by the Federal Reserve at yesterday’s Open Market Committee meeting were not matched with substance. All we got was a continuation of existing modest programs and some minor tweaking of language. Bernanke only managed to say that, “further stimulus will be provided as needed.” The Fed left … [Read more...]

August 2, 2012 – Quote of the Day


“The rule of thumb is to do your homework, do your analysis, and don’t give up prudent risk management for the sake of certain fads. Look for real valuations, and stay true to your time frames,” said Marc Chandler, the global head of currency strategy at Brown Brothers Harriman. … [Read more...]

My Solution for Europe


Taking the express train from Paris to Frankfurt, I was playing around with the map function on my iPhone 4s. It was really cool watching the blue dot marking my location zip across the map at 200 miles per hour. When I zoomed in on my location, I realized that I recognized many of the names. Soissons, Chateau, Thierry, and Belleau Wood were all names that I recalled from my … [Read more...]

Mr. Mario’s Big Bluff


A couple of alleged Tweets, a few rumored phone calls, and what have we got? $2 trillion in new global stock market capitalization in hours. That was the bottom line after the purported communication between the staffs of Germany’s Angela Merkel, France’s Jean Francois Hollande, and ECB president Mario Draghi. But is the creation of this immense new wealth, which would alone … [Read more...]

An Evening With Travel Guru Arthur Frommer


When I backpacked around Europe in 1968, I relied heavily on Arthur Frommer’s paperback guide, Europe on $5 a Day, which then boasted a cult like following among impoverished, but adventurous Americans. Over the following years he directed me down cobblestoned alleyways, dubious neighborhoods, and sometimes converted WWII air raid shelters, to find those incredible deals. When … [Read more...]

Report From the Olympics


It was an unexpected call. A close friend who ran one of the world’s largest hedge funds said he had two tickets to the London Olympics opening ceremony on Friday night. Would I like to have them? I said he must be kidding. I knew from my own research that these tickets were the most sought after in the world and were going for $20,000 each on the black market. Forgeries … [Read more...]

Don’t Miss the August 1 Global Strategy Webinar


My next global strategy webinar will be held on Wednesday, August 1 at 12:00 noon EST. This webinar will be broadcast live from Zermatt, Switzerland, provided that the higher Alps don’t block my Wi-Fi signal. I’ll be giving you my updated outlook on stocks, bonds, commodities, currencies, precious metal, and real estate. The goal is to find the cheapest assets in the world to … [Read more...]

Why Ben Bernanke Hates Me


I don’t just think he hates me. He truly despises me. In fact, he does everything he can to put me out of business. Take next week, for example, when the Federal Reserve Open Market Committee meets, and he will attempt to give my views and me a complete thrashing. I doubt he’ll launch a QE3 because he needs to keep some dry powder as a last resort. But he probably will … [Read more...]

Report From Paris


The full force of soaring oil prices really hit home when I arrived in Paris 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. Those were the prices in liters I was seeing. He then voiced concerns about the future of his taxi business as fuel prices ratcheted up from $10 … [Read more...]

Apple Just Gave You a Gift


Steve Jobs’ creation dropped a real bombshell on the market Tuesday when it announced Q2, 2012 earnings that were rotten to the core. The timing could not have been worse for a market that was on the verge of complete nervous breakdown. Of the 53 brokers who provided research coverage of the Mountain View, California firm, 27 rated it a “buy”, 21 “outperform”, and precisely … [Read more...]

Report From London, Part III


The city is now the most crowded that it has been at any time since WWII. Most hotels have tripled their rates, forcing traveling students on a budget to sleep in doorways and under bridges everywhere.  My usual abode here, The Naval Officers Club near Piccadilly, honored their regular price since I have been such a long term and loyal guest. However, I was the only one in the … [Read more...]

My Visit to Obama’s House


During my recent quick run through Chicago, I stopped by Obama’s house on Greenwood Avenue and 50th street in up and coming Hyde Park to say hello. I was thwarted by two concrete crash barriers, 16 cop cars, and army of elderly Chicago police happily pulling overtime. Shifty looking characters wearing long overcoats and sprouting wires out of their ears were everywhere. … [Read more...]

June 26, 2012 – Quote of the Day


“ The modern Olympic Games are orgies of lachrymose nationalism. War by other means, warrior-athletes, watched by men in suits and uniforms….rogue California chemists running their eye popping, vein-clustered, vest stripping robots against degendered state laboratory freaks,” said author, Ian Sinclair, and outspoken critic of the Olympics. … [Read more...]

Farewell to Barton Biggs


It is with a great sense of sorrow that I learned of the passing of industry legend, Barton Biggs. He was 79. I was speaking to him only a few weeks ago when I passed through New York for my strategy seminar, attempting to decipher the medium term trends for these fractious and conflicting markets. It is a reminder of how temporary and fleeting life can be. Barton was a … [Read more...]

US Earnings Are Headed Down the Drain


Remember the $2 trillion US corporate cash mountain that you have heard so much about? Well, it is finally starting to shrink. Have they started reinvesting profits in America? Are they hiring more people? Did they finally get those tax breaks they were begging for? Have they dramatically increased dividends and share buy backs or returned to acquisitions to boost … [Read more...]

Report From London, Part II


I write this to you from my double suite on the Orient Express crossing the Swiss Alps. My manservant, Charles, is off fetching a cup of tea and steam pressing my white dinner jacket for tonight’s formal dinner. My first night at the Naval & Military Club in London, a group of British Army officers just back from Afghanistan, and their dates, hosted a blowout black tie … [Read more...]

How the Fed Will Trigger the Next Crash


Over the last two months, I have witnessed one of the least convincing rallies in the US stock market in recent memory. Looking at the chart for the S&P 500 below you can clearly see a modest, low conviction, declining volume rally in an ever-narrowing channel. This is further confirmed by the chart of the NYSE advance/decline ratio that is failing at the March support … [Read more...]

Report from London, Part I


I am writing this report on the Eurostar Express train 300 feet under the English Channel, which is speeding its way from London to Paris at 200 miles per hour. Waking up in my suite on the Queen Mary 2 at the port of Southampton the other day, the first thing I noticed was that dreadful postwar English architecture. The Germans tried to bomb this place flat to block the … [Read more...]



You may not be the only renaissance man around today but you certainly must be the most unselfish. We vicariously live what you are living today and what you have experienced in the past through your wonderful prose. Oh, and by the, we also get paid (profits)!! John, go see my doctor in New York next time you are there and tell him I sent you. I want you to live forever. He … [Read more...]

SOLD OUT Last Chance to Come Join Me for the Zermatt, Switzerland July 27, 2012 Seminar


Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Seminar, which I will be conducting high in the Apls in Zermatt, Switzerland at 2:00 PM on Friday, July 27, 2012. A PowerPoint presentation will be followed by an open discussion on the crucial issues facing investors today. Coffee, tea, and schnaps will be made available, but no food. You are welcome to … [Read more...]

The Declining America Myth


It seems that it has become fashionable to bash America these days. As I run around the country giving my strategy luncheons, I hear a lament that has become all too familiar. America has peaked as a civilization, the story goes, and will follow the British, French, Roman, and even the Egyptian empires into the dustbin of history.  Our standard of living is falling, our … [Read more...]

The Death of the Bond Vigilantes


Back in the seventies and eighties, when inflation was soaring well into double digits, the markets were regularly punished by a band of gun slinging traders known as the “bond vigilantes.” Hard asset prices were running amuck, and there was a laser like focus on the growth of the money supply. We have just witnessed the largest expansion of the monetary base in history. The … [Read more...]

Thoughts at Sea Aboard the Queen Mary 2, Part III


50 degrees, 26.68 minutes North, 022 degrees, 29.98 minutes East, or 1,000 nautical miles South of Iceland, heading 089 degrees. Four days of hearing foghorns is starting to get tiring. Captain Wells has been ducking many of his social responsibilities, feeling more secure in the bridge close to the radar. After a few days of intermittent access, the internet is now gone for … [Read more...]

Thoughts at Sea Aboard the Queen Mary 2, Part II


48 degrees, 02.12 minutes North, 043 degrees, 42.08 minutes East, or 1,000 miles south of Greenland. When I visited the computer center, I was stunned to learn that they were offering three one hour long classes on Apple products and programs every hour, all day long. They covered iMacs, iPads, IPods, IPhones, and all of the associated software and gizmos. I promptly signed … [Read more...]

So What is Your “Influencer” Score?

31st Annual Outstanding Mother Awards

First there was your grade point average, then your SAT score, followed by GMAT and LSAT scores, and finally your FICO. Now there is a new metric with which you will be judged, your “Influencer” score. A new breed of marketing research firms are using data from social media sites, like Facebook, Linkedin, and Twitter, to rank members according to their ability to spur their … [Read more...]

Watch Out for Those Statistics


During my college days, one of my math professors used to repeat a truism: “Statistics are like a bikini; what they reveal are fascinating, but what they conceal is essential.” That has increasingly becoming the case with US economic data, which are leading investors astray with their faulty guidance. It turns out that most government data releases contain a seasonal … [Read more...]

This Party is About to End


They are really rocking the market today, with the Dow up nearly 200 points off the back of a non-disastrous Chinese GDP growth figure of 7.7%. However, there is a serious disconnect going on in our markets which suggests to me that our own party may be about to end. Yesterday’s blockbuster weekly jobless claim took applications for unemployment benefits down to a four-year … [Read more...]

Thoughts at Sea Aboard the Queen Mary 2, Part I


Location: 48 degrees, 02.12 minutes North, 043 degrees, 42.08 minutes East, or 1,421 nautical miles ENE of New York. The Queen Mary 2 is currently plowing its way through a massive fog bank a thousand miles thick, sounding the foghorn every two minutes. Visibility is less than 100 yards, and the waves are a rough 12 feet high. The captain has closed the outside decks for … [Read more...]

SOLD OUT Last Chance to Come Join Me for the Paris Strategy Luncheon – July 17, 2012


Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Paris on Tuesday, July 17, 2012. A three course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I’ll be giving you my up to date view on stocks, bonds, foreign currencies commodities, precious metals, and real estate. … [Read more...]

The Real Estate Market in 2030


A number of analysts, and even some of those in the real estate industry, are finally coming around to the depressing conclusion that there will never be a recovery in residential real estate. Long time readers of this letter know too well that I have been hugely negative on the sector since late 2005, when I unloaded all of my holdings (click here for ‘The Hard Truth About … [Read more...]

Don’t Miss the July 18 Global Strategy Webinar


My next global strategy webinar will be held on Tuesday, July 18 at 12:00 noon EST. This webinar will be broadcast live from Frankfurt, Germany. The Germans are pretty good at this technology stuff, so I don’t think that I’ll have any broadcast issues, although I can’t guarantee the sound quality in North Korea, Yemen, or the Darfur. I’ll be giving you my updated outlook on … [Read more...]

Now Made in China: The Oakland Bay Bridge


Another great American Icon is falling victim to the collapse of the country’s manufacturing industry. Shanghai Zhenhua Heavy Industries has completed construction of the last of four steel modules for the new Oakland Bay Bridge. The pieces of this giant erector set, which weigh 5,300 tons together, will shortly begin the arduous 22 day journey across the Pacific, baring … [Read more...]

Last Chance to Come Join Me for the London Strategy Luncheon – July 16, 2012


Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in London on Monday, July 16, 2012. A three course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I’ll be giving you my up to date view on stocks, bonds, currencies commodities, precious metals, and real estate. And to … [Read more...]

Enjoy the Dollar Rally While it Lasts


Any trader will tell you the trend is your friend, and the overwhelming direction for the US dollar for the last 220 years has been down. Our first Treasury Secretary, Alexander Hamilton, found himself constantly embroiled in sex scandals. Take a ten dollar bill out of your wallet and you’re looking at a world class horn dog, a swordsman of the first order. When he wasn’t … [Read more...]

Why We Need Six New Saudi Arabia’s


I recently spent an evening with Ambassador Richard Jones, the Deputy Executive Director of the International Energy Agency in Paris, who had some eye opening things to say about the energy space. The IEA was first set up as a counterweight to OPEC during the oil crisis in 1974, and has since evolved into a top drawer energy research organization. World GDP will grow an … [Read more...]

Frankfurt, Germany Strategy Luncheon – July 18, 2012


Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Frankfurt, Germany on Wednesday, July 18, 2012. A three course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I’ll be giving you my up to date view on stocks, bonds, foreign currencies, commodities, precious metals, and … [Read more...]

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 38 books published since 1939. A self-described 'social ecologist', Drucker was a … [Read more...]

Feel Like Investing in a State Sponsor of Terrorism?


Feel Like Investing in a State Sponsor of Terrorism? How about a country whose leaders have stolen $400 billion in the last decade and have seen 300 foreign workers kidnapped? Another country lost four wars in the last 40 years. Still interested? How about a country that suffers one of the world’s highest AIDs rates, endures regular insurrections where all of the Westerners get … [Read more...]

Guess Who’s Bailing Out the 2012 Olympics?


Where is the 2012 London Olympics turning to meet gargantuan cost overruns? None other than BP, which is going the extra mile to burnish its tarnished image. With the British economy mired in a vicious financial crisis, many are wondering if hosting the games was such a great idea. The original plan was to convert the one square mile, Lower Lea Valley site into a new suburb, … [Read more...]

Where The Economist “Big Mac” Index Finds Currency Value


My former employer, The Economist, once the ever tolerant editor of my flabby, disjointed, and juvenile prose (Thanks Peter and Marjorie), has released its “Big Mac” index of international currency valuations (click here for the story). Although initially launched as a joke three decades ago, I have followed it religiously and found it an amazingly accurate predictor of … [Read more...]

The History of Technology


I have just finished leisurely reading Tom Standage’s book The Victorian Internet: The Remarkable Story of the Telegraph and the Nineteenth Century On-Line Pioneers. Standage discusses the creation and development of the telegraph system and how it revolutionized communication in the nineteenth century. The book claims that Modern Internet users are in many ways the heirs of … [Read more...]

The New Cold War


My friend, Ian Bremmer of the Eurasia Group, a global risk analyst who I regularly follow, will soon publish another book entitled The End of the Free Markets: Who Wins the War Between States and Corporations. I find this highly depressing, as it takes me as long to read one of Ian’s books as it takes him to write another one. To read a review of his highly insightful tome … [Read more...]

SOLD OUT! Last Chance To Come Join Me for the July 5, 2012 New York Strategy Seminar!


Come join me for the Mad Hedge Fund Trader’s Global Strategy Seminar, which I will be conducting in New York, NY on Thursday, July 5, 2012. Coffee, tea, and soft drinks will be provided, but no food. A PowerPoint presentation will be followed by an extended question and answer period. I’ll be giving you my up to date view on stocks, bonds, foreign currencies, commodities, … [Read more...]

The US Balance of Payments Surplus in Education


I spent the weekend attending a graduation in Washington state, a stone’s throw from where the 2010 Winter Olympics were held last year. While sitting through the tedious reading of 550 names, and listening to the wailing bagpipes, I did several calculations on the back of the commencement program. I came to some startling conclusions. Higher education has grown into a … [Read more...]

July, 2012 European Strategy Tour


Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy lunches and seminars, which I will be conducting in Europe during July, 2012. A PowerPoint presentation will be followed by an open discussion on the crucial issues facing investors today. I’ll be giving you my up to date view on stocks, bonds, foreign currencies, commodities, precious metals, and real … [Read more...]

Don’t Miss the July 3 Global Strategy Webinar


My next global strategy webinar will be held on Tuesday, July 3 at 12:00 noon EST. This webinar will be broadcast live from New York City, provided that the technology works and the 19th century wireless is fast enough. I’ll be giving you my updated outlook on stocks, bonds, commodities, currencies, precious metal, and real estate. The goal is to find the cheapest assets in the … [Read more...]