Conspiracy Theory of the Day

A confidential report from the Pentagon just made public says that the 2008 financial crisis was the result of targeted attacks by terrorists groups. A ramp up of oil prices that began in 2007 led to the bear raids against Bear Stearns and Lehman Brothers in 2008. The final phase may be in place now, […]

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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 about the yellow metal, whatever the price. He sees it primarily as a bet on fear. If investors are more afraid in a year than they are today, then you make money. If they aren’t, […]

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A Touchdown for USC

One of my many alma maters, the University of Southern California announced that they had received their largest private donation in history. As a third generation alumni of this fanatical football factory (I went to school with Mark Harmon, Lynn Swan, and, oops, OJ Simpson), I still receive their alumni newsletter, where I learned the […]

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March 16, 2012 – Quote of the Day

“What the wise man does in the beginning the fool does in the end,” said oracle of Omaha, Warren Buffett.

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Is the Fat Lady Singing for the Treasury Bond Market?

With global quantitative easing now getting long in the tooth, I think the party is about to end for the Treasury bond market. For the last four months, this market has been stuck in a tedious, narrow range, with ten year paper stuck between a 1.90% – 2.10% yield. Trading bonds has been as exciting […]

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The Structural Bear Case for Treasury Bonds

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 […]

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March 15, 2012 – Quote of the Day

“At these prices, bonds should have warning labels on them,” said Doug Kass of Seabreeze Partners.

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Trade Alert (AAPL 2 of 2) – March 14, 2012

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 (AAPL 1 of 2) – March 14, 2012

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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Updated 2012 Strategy Luncheon Schedule

Due to overwhelming demand, I have improved and expanded my 2012 schedule of strategy luncheons. The Phoenix lunch got moved to Scottsdale to access a more stylish hotel. The French said they would start mailing me frog legs if I didn’t come to France, so my European Tour now includes a Paris lunch. The Swiss […]

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US Headed Towards Energy Independence

My inbox was clogged with responses to my “Golden Age” for the 2020’s piece yesterday, particularly my forecast that the US was moving towards complete energy independence. This will be the most important change to the global economy for the next 20 years. So I shall go into more depth. The energy research house, Raymond […]

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The Chinese Yuan Takes a Hit

Long time readers of this letter are well aware of my advice to hold cash in the Chinese Yuan ETF (CYB) for the past four years. Those who followed my advice profited nicely. The Yuan to you and me is known domestically in China as the “renminbi”, or people’s currency. China has a quasi-fixed exchange […]

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March 14, 2012 – Quote of the Day

“I don’t pay any attention to the GDP forecasts of economists”, said Oracle of Omaha Warren Buffet,

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Get Ready for the Next Golden Age

I believe that the global economy is setting up for a new golden age reminiscent of the one the United States enjoyed during the 1950’s, and which I still remember fondly. This is not some pie in the sky prediction. It simply assumes a continuation of existing trends in demographics, technology, and economics. The implications […]

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March 13, 2012 – Quote of the Day

“We got competing against cheap labor. What we didn’t get is competing against cheap genius, and that’s what we are doing now with china and India,” said Tom Friedman in his newest book, “That Used to Be Us.”

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