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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Here Comes the Rolling Top

The S&P 500 is now at 1,370, and most strategist forecasts for 2012 hover around 1,400, plus or minus some spare change. So the next nine months are going to be incredibly boring. Or they won’t. Even in a bull market, one expects to see pullbacks of at least one third of the recent gain. […]

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A Different View of the US

My mother lives in Pakistan, my daughter in Greece, and I have a ski chalet in in Peru. What’s more, I have strategy luncheons planned for Australia, Thailand, and Turkey. At least these would be my conclusions after looking at a map prepared by my esteemed former employer, The Economist magazine, of the United States, […]

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March 12, 2012 – Quote of the Day

“The December, 1999 Green Book, the internal forecasting paper of the Federal Reserve, has a disclaimer which said “not to be used externally, and harmful if swallowed”, said president of the Dallas Fed, Richard Fisher.  

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More Economic Data Is Turning Mixed

We received another raft of data this morning confirming my suspicion that the economic data is slowly turning over from modestly positive to mixed. The Challenger, Grey, & Christmas report showed that there were 51,758 job cuts in February, down 3% from January. But the first two months of 2012 revealed that layoffs announced by […]

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When Sterilization is Not a Form of Birth Control

I received a flurry of inquires the other day when Ben Bernanke mention the word “sterilization” in his recent congressional testimony. And he wasn’t giving advice to the country’s wayward teenaged girls, either. Sterilization refers to a specific style of monetary policy. Sterilized policies seek to manipulate the money markets without changing the overall money […]

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March 9, 2012 – Quote of the Day

If you can pick up any emerging market with a multiple of less than 20, it is a great long term investment,” said professor Jeremy Siegel at the University of Pennsylvania Wharton School of Business.

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Trade Alert- (VXX) March 8, 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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This Week, It’s All About Jobs

Don’t expect much market volatility until we get the February nonfarm payroll report on Friday at 8:30 EST. Consensus has them coming in at around 200,000. However, we may have just gotten a valuable preview to those figures. According to the Japanese broker, Nomura Securities, the ADP National Employment Report, a monthly analysis of the […]

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Take a Look at Cheniere Energy (LNG)

I am constantly asked if there are any ways investors can take advantage of the collapse of the natural gas market, where at $2.34/MBTU prices are plumbing decade lows. I have recently made good money buying puts on the ETF (UNG), but these are not for the faint of heart. They call this contract the […]

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