Featured Trades: (VCV), (NCP), (NVX) 2) California Muni Bonds: Load the Boat Now! Those who followed my advice to ‘buy’ California at the bottom by loading up on the state’s beleaguered tax free municipal bonds (click here for the call) will be excited by the latest report from controller, John Chiang. The Golden State’s revenues [...]

Featured Trades: (GLOBAL DEBT/EQUITY RATIOS) 3) Learn to Live With Deleveraging. I am frequently asked for the basis of my long term growth target for the US for the decade of 2.5%, down from 3.9% for the previous one. Well, here it is. Deleveraging and balance sheet repair is going to be a driving factor [...]

Featured Trades: ($100 DOLLAR BILL) 4) Business is Booming at the Money Printers. All of the high grade paper used by the US Treasury to print money is bought by one firm, Crane & Co., which has been in the same family for seven generations. Last year, the Feds printed 38 million banknotes worth $639 [...]

'It's still a long journey back to 16 million, but the journey is unequivocally under way,' said Mike Jackson, CEO of AutoNation, the largest car retailer in the US.

SPECIAL ‘OH CANADA’ ISSUE Featured Trades: (CANADA), (FXC), (EWC)   1) The Canadian Dollar is About to Rocket. The Canadian central bank hinted today that they may raise interest rates at their next meeting, sending the loonie (FXC), rocketing through parity against Uncle Buck for the first time in two years. The move also sent [...]

SPECIAL 'OH CANADA' ISSUE Featured Trades: (CANADA), (FXC), (EWC), (TAR SANDS) 2) Beware of Canadians Bearing Gifts. Anyone who has any illusions about the Canadian tar sands business should take a look at the March issue of National Geographic, not normally a prime source of financial and economic news for me. I'm not a fanatic, [...]

SPECIAL 'OH CANADA' ISSUE Featured Trades: (GS) 3) The Suit Against Goldman Sachs is Going Nowhere. It is now 2015, and after five years of legal maneuvering, depositions, and motions, the SEC's case against Goldman Sachs (GS) is finally coming to trial. Settlement negotiations have proven fruitless. The stock market is well into another bubble, [...]

'Chance favors the prepared,' said the great French chemist Louis Pasteur.

Featured Trades: (FUMEROLES), (CRUDE) 1) Better buy those flowers for Mother's Day now because a flower famine is about to hit, sending prices soaring. The eruption of the Icelandic volcano Eyjafjallajökull has disrupted world trade in ways no one thought possible, and provides a fascinating snapshot of the state of globalization. The world flower market [...]

2) For Irrefutable Proof That I Have Completely Flipped Out, click here or on the link below for a rap video on YouTube featuring the legendary, and apparently, quite musically inclined Fredrich Hayek and John Maynard Keynes.

Featured Trades: (WORLD GDP), (GS), (YEN), (YCS) 4) It looks like the Goldman Sachs (GS) black swan was a one day wonder, as I expected.  It seems that zero interest rates trump all, once again. Even GS stock has been going up, as the flaws in the SEC’s case become much more evident. Of course, [...]

'Today, the average healthy 50 year old woman will live to 92. That's old enough to forget your first husband,' said Sally Krawcheck, president of global wealth management at Bank of America.

(SPECIAL BLACK SWAN ISSUE) Featured Trades: (EVERYTHING) 1) How Long Will the Risk Reversal Last? It looks like May came early this year, as in the ‘sell in May and go away’ variety. The first ‘black swan’ of the year has alighted on the market. The news that the SEC brought civil fraud cases against [...]

(SPECIAL BLACK SWAN ISSUE) Featured Trades: (EVERYTHING) 2) What Does the Debacle at Goldman Sachs Mean for Stocks? I can tell you that the timing of the SEC's GS announcement absolutely reeks, coming on a Friday at a market top, just as the debate about financial regulation has become the business at hand in congress. [...]

(SPECIAL BLACK SWAN ISSUE) Featured Trades: (EVERYTHING) 3) What Goldman Sachs Means for Your Portfolio. This is an excellent time for me to remind readers what this letter is all about. I assume that only grownups are acting on the suggestions herein. That means that you are a financial professional or hedge fund manager who [...]