If you want to delve into the case against the long-term future of US Treasury bonds in all their darkness, take a look at Foreign Affairs, the establishment bimonthly journal read by academics, intelligence agencies, and politicians alike, which I am sure you all have sitting on your nightstands. In a well-researched and thought-out article [...]

How about buying shares in 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 [...]

Global Market Comments December 5, 2012 Fiat Lux SPECIAL NATURAL GAS MLP ISSUE Featured Trades: (IT IS TIME TO START COOKING WITH GAS) (SEP), (CQP), (EPB), (CPI), (CIG), (BPL) Spectra Energy Partners L.P. Cheniere Energy Partners, LP El Paso Pipeline Partners LP IQ CPI Inflation Hedged ETF Companhia Energetica de Minas Geras Buckeye Partners L [...]

Throughout my travels around the world there is one question I can count on getting from every audience, be it in the US, China, Europe, and even the Middle East: Where can I find some yield? The favored answers are junk bonds, high-dividend equities, and emerging market sovereign debt issued by countries like double-digit yielding [...]

Global Market Comments December 4, 2012 Fiat Lux Featured Trades: (JANUARY 4 CHICAGO STRATEGY LUNCHEON), (THE ULTRA BULL CASE FOR 2013), (SPX), (IWM), (FXE), (AAPL), (GOOG), (FXY), (TLT), (USO) (A CHRISTMAS DONATION FOR THE WORTHIEST OF CAUSES) S&P 500 Large Cap Index Russell 2000 iShares Currency Shares Euro Trust Apple, Inc. Google, Inc. Currency Shares [...]

I follow a broad range of unconventional, but highly-useful leading economic indicators that gives me a decisive edge when predicting the future direction of global financial markets. One of them has started flashing a warning sign. I fund an orphanage in remote Zhanjiang, in China’s southern Guangdong province near Hainan Island called The Zhanjiang Kids [...]

Global Market Comments December 3, 2012 Fiat Lux Featured Trades: (PLAY TREASURIES FROM THE SHORT SIDE), (TLT) (IF DEMOGRAPHICS IS DESTINY, THEN AMERICA’S FUTURE SUCKS), (SPX), (EWJ), (VNM) iShares Barclays 20+ Year Treasury Bonnd Fund S&P 500 Large Cap Index Japan iShares Market Vectors Vietnam

Now look at the world’s worst population pyramid, that for Japan (EWJ). These three graphs show that a nearly perfect pyramid drove a miracle stock market during the fifties and sixties, which I remember well, when Japan had your textbook high growth emerging market economy. That changed dramatically when the population started to age rapidly [...]