Tea With Secretary of State George Schultz

Having spent time as an economics professor at MIT, Dean of the University of Chicago business school, Treasury Secretary, and Secretary of State, George Schultz has certainly covered all the bases. Now 89, he is the senior statesman and eminence gris of San Francisco, as well as a major philanthropist. When I read his bio, […]

Read full story Comments { 0 }

Quote of the Day: October 25th

“Freedom of the press is only true if you own a press,” said A.J. Liebling, a famed journalist for the New Yorker.

Read full story Comments { 0 }

October 21, 2011

“It amazes me how quickly amnesia sets in,” said Stephen Crawford, former co-president of Morgan Stanley, about the willingness of hedge funds to re-leverage positions in these conditions.

Read full story Comments { 0 }

October 20, 2011

“To get rich is glorious!” said Deng Xiaoping, the Chinese general who launched the country’s modern economy in the seventies.

Read full story Comments { 0 }

October 19, 2011

We have been pretending that we’re too big to fail. We’re not too big to fail, You can jump off of a 90 story building and feel fine for the first 89 stories. It’s the sudden stop at the end that tells you you’re not.” said Tom Friedman, New York Times columnist and author of […]

Read full story Comments { 0 }

October 18, 2011

“At some point in 2011, knuckles are going to be turning white, and we’ll see whatever rabbits Ben Bernanke is going to have to pull out of his hat”, said David Rosenberg of Gluskin, Sheff in Associates

Read full story Comments { 0 }

October 17, 2011

The problem with the Fed is that they work in a refinery and they’re playing with matches. They’re doing brain surgery with a machete,” said Robert Brusca, chief economist at Fact and Opinion Economics

Read full story Comments { 0 }

October 14, 2011

“A lie can travel half way around the world before the truth gets its boots on,” said the 19th century humorist, Mark Twain.

Read full story Comments { 0 }

October 13, 2011

 “Investing is the only endeavor in which victory goes to the minority,” said the great economist, John Maynard Keynes.

Read full story Comments { 0 }

October 12,2011

“If there were no way to short stocks, the probability of stock market bubbles would be much greater,” said hedge fund manager, Bill Ackman, of Pershing Square.

Read full story Comments { 0 }

October 11, 2011

“Few people think more than two or three times a year; I have made an international reputation for myself by thinking once or twice a week.” -  George Bernard Shaw

Read full story Comments { 0 }

Last Chance to Join the October 18 Singapore Strategy Lunch.

Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Singapore on Tuesday, October 18, 2011. A multicultural vegetarian meal will be followed by a wide ranging discussion and a 60 minute question and answer period. I’ll be giving you my up to date view […]

Read full story Comments { 0 }

October 10, 2011

“Something is going to be passed by the congress. The only question is, will it happen before, or after a bond market crisis. There’s no alternative,” said Dr. Alan Greenspan, former chairman of the Federal Reserve.

Read full story Comments { 0 }

October 7, 2011

“Now, you are starting to see people front run hedge fund books. People are front running John Paulson’s book. Everybody can see this. People are starting to line up the ducks and ask which hedge funds are going to have redemptions. Which position should I get in front of? Gold is a big problem in […]

Read full story Comments { 0 }

October 6, 2011

“Credit default swaps don’t lie, people do. This is going to be an interesting quarter,” said Keith McCoullough, CEO of Hedgeye Risk Management.

Read full story Comments { 0 }