How the Government Understates the Economy

I am writing this in the second-class cabin of the Wales to London express train, which is packed to the gills with holiday revelers. In the adjacent seat there is a gaggle of four young ladies dressed to the, nines sporting feathers from their hats, obviously headed for a late summer wedding. They are sharing […]

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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 drugs I take […]

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August 19, 2013 – Quote of the Day

“The bond market in Europe will be facing episodic crisis for the next ten years,” said Bob Browne, CIO at North Trust.

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August 16, 2013

Global Market Comments August 16, 2013 Fiat Lux Featured Trade: (WHY I LOVE/HATE THE OIL COMPANIES), (XOM), (KNOWING THE PRICE OF EVERYTHING AND THE VALUE OF NOTHING) (WHY BUFFET HATES GOLD), (GLD), (GDX), (ABX) Exxon Mobil Corporation (XOM) SPDR Gold Shares (GLD) Market Vectors Gold Miners ETF (GDX) Barrick Gold Corporation (ABX)

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Why I Love/Hate the Oil Companies

The first thing I do when I get up every morning is to curse the oil companies as the blood sucking scourges of modern civilization. I then fall down on my knees and thank God that we have oil companies. You’ve got to love ExxonMobil (XOM), which constantly trades places with Apple (AAPL) for being […]

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Knowing the Price of Everything and the Value of Nothing

As a fanatical follower of the price of everything, I have long been an avid viewer of the television program, Antiques Roadshow, for 14 years, and the English version of the show well before that. This is where you learn what stuff like majolica is. Many aspiring collectors come into the open appraisal events hoping […]

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Why Warren Buffet Hates Gold

The “Oracle of Omaha” expounded at length today on why he despises the barbarous relic. The sage doesn’t really care if the yellow metal hit an all-time high today of $1,440. He sees it primarily as a bet on fear. If investors are more afraid in a year than they are today, then you make […]

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August 16, 2013 – Quote of the Day

“Lacking standards, managements are tempted to shoot the arrow of performance, and then paint the bull’s eye around wherever it lands,” ” said “Oracle of Omaha”, Warren Buffet, CEO and the largest shareholder in Berkshire Hathaway.

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August 15, 2013

Global Market Comments August 15, 2013 Fiat Lux Featured Trade: (CALIFORNIA MONEY DOWN THE DRAIN?) (DEATH OF THE CONSUMER), (SPX)  S&P 500 Index (SPX)

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California Money Down the Drain?

Who was the top paid state employee in California last year? The governor? The Chief Justice of the Supreme Court? How about the leader of the Senate? Nope. It was a prison psychiatrist who took home an eye popping $838,706, most of it in overtime. I love it! The state drives people insane by sending […]

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The Death of the Consumer

I often get asked why I never put out “BUY” recommendations on consumer discretionary stocks. I promptly send them in search of the latest consumer spending figures at the Bureau of Economic Analysis, which do not paint a pretty picture (click following link  http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm). Since 2008, quarterly spending has come in at a scant 0.5%, […]

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August 15, 2013 – Quote of the Day

“A house can be a nightmare if the buyer’s eyes are bigger than his wallet and if a lender –often protected by a government guarantee—facilitates his fantasy,” said Warren Buffet.

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Follow Up to Trade Alert – (FXY) August 14, 2013

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

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Trade Alert – (FXY) August 14, 2013

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price. This is your chance to ‘look over’ John Thomas’ shoulder as he gives you unparalleled insight on major world financial trends BEFORE they happen.

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August 14, 2013

Global Market Comments August 14, 2013 Fiat Lux Featured Trade: (END OF THE COMMODITY SUPERCYCLE, OR NOT?) (CU), (DBA), (USO), (FCX), (BHP), (ABX),  (RIO), (JPM), (GS), (ECH), (EWZ), (IDX) (BRING BACK THE SMOKE FILLED ROOMS), (SPX), (TBT) First Trust ISE Global Copper Index (CU) PowerShares DB Agriculture (DBA) United States Oil (USO) Freeport-McMoRan Copper & […]

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