Archive | Diary RSS feed for this section

July 26, 2010 – Where The Economist “Big Mac” Index Finds Currency Value

Featured Trades: (THE ECONOMIST ‘BIG MAC’ INDEX) 3) Where The Economist ‘Big Mac’ Index Finds Currency Value. My former employer, The Economist, once the ever tolerant editor of my flabby, disjointed, and juvenile prose (Thanks Peter and Marjorie), has just released its ‘Big Mac’ index of international currency valuations (click here for the link). Although […]

Read full story Comments are closed

July 26, 2010 – Quote of the Day

'You ever wonder why fund managers can't beat the S&P 500? It's because they're sheep,' said Gordon Gecko in the classic film, Wall Street.

Read full story Comments are closed

July 22, 2010 – The New Deflation Definition

Featured Trades: (THE NEW DEFLATION) 2) The New Deflation Definition. It seems that all you hear about these days is deflation. That is certainly what the bond market is telling us, with my screen blaring at me a miserable 2.93% yield for the ten year Treasury bond. But there is a new definition for this […]

Read full story Comments are closed

July 23, 2010 – Turkey Is On The Menu

Featured Trades: (TURKEY), (TUR), (TKC), (TURKISH LIRA) iShares MSCI Turkey Investable Market Index Fund ETF   1) Turkey Is On The Menu. The boarding of a Turkish ship by Israeli commandos and the international brouhaha that it sparked has thrown a searing spotlight on that emerging nation. Several hedge fund friends and now a few […]

Read full story Comments are closed

July 23, 2010 – Hedge Fund Corners the Cocoa Market

Featured Trades: (FXI), (COCOA), (CHOCOLATE), (NIB) iPath Dow Jones-UBS Cocoa Subindex Total Return ETN 2) Hedge Fund Corners the Cocoa Market. That Hershey bar you've been sneaking out to buy on breaks is about to cost you a lot more. London based Anthony Ward's Amajaro hedge fund built up a billion dollar long position in […]

Read full story Comments are closed

July 23, 2010 – What Will the World Look Like in 100 Years?

Featured Trades: (THE NEXT 100 YEARS) 3) What Will the World Look Like in 100 Years? George Friedman, geopolitical forecaster and founder of the Austin, Texas based private intelligence firm, Strategic Forecasting (Stratfor) (click here for the link at https://www.stratfor.com/ ), delivers a fascinating list of future political, military, and economic scenarios in his new […]

Read full story Comments are closed

July 23, 2010 – Quote of the Day

'Companies are not saving cash for a rainy day, but a rainy decade,' said Tanya Beder, chairman of SBCC Consulting.

Read full story Comments are closed

July 22, 2010 – More on the Grains

Featured Trades: (POT), (MON)   4) More on the Grains. I managed to catch an interview with Charlie Rentschler at New York boutique investment bank, Morgan Joseph, one of the top agricultural analysts in the industry, known as the ‘Farmer from Harvard.’ He says that investment in the sector is a frustrating and unpredictable mix […]

Read full story Comments are closed

July 22, 2010 – Quote of the Day

'There is no such thing as an isolated economy anymore,' said Alan Greenspan, former chairman of the Federal Reserve.

Read full story Comments are closed

July 21, 2010 – Amazon Conquers All With Kindle

Featured Trades: (AMZN), (KINDLE)   1)  Amazon Conquers All With the Kindle. I knew Jeff Bezos back in the eighties as this always cheerful quant in Morgan Stanley’s bond department who had this incredibly annoying laugh.  He blew us all away when he took off on his own, used innovative technology to discover the immense […]

Read full story Comments are closed

July 21, 2010 – Singapore Sizzles

Featured Trades: (SINGAPORE), (EWS) Singapore iShares ETF 2) Singapore Sizzles. I have always had a love/hate relationship with Singapore. During the seventies, the autocratic Prime Minister, Lee Kuan Yew, regularly locked up journalist friends of mine and banned magazines like The Economist that published my stories. The country is also notorious for public canings of […]

Read full story Comments are closed

July 21, 2010 – The Hard Numbers About Obama’s Anti Business Campaign

Featured Trades:  (US ECONOMY), (BAC), (C), (MS), (ANTI BUSINESS OBAMA) 3) The Hard Numbers About Obama’s Anti Business Campaign. I’m a numbers guy, OK? Give me a set of hard data, and I’m happy to draw my own conclusion. Save the argument, the persuasion, and the spin for someone else. You may have heard from […]

Read full story Comments are closed

July 21, 2010 – Quote of the Day

'Hedge funds started out delivering equity type returns with bond type volatility. They now generate bond type returns with equity like volatility,' said my former Morgan Stanley colleague, Byron Wein, now co-chairman at Blackstone Advisory Services.

Read full story Comments are closed

July 20, 2010 – Ireland Points the Way for the Euro

Featured Trades: (FXE), (IRELAND) Currency Shares Euro Trust   1) Ireland Points the Way for the Euro. When you bend over backwards to kiss the magical stone at Ireland’s Blarney castle, you can’t help but notice a sign assuring you that your won’t catch AIDS in your effort to obtain the gift of persuasion. However, […]

Read full story Comments are closed

July 20, 2010 – How we are Ten Years Into the Bear Market

Featured Trades: S&P Composite Real (Inflation-Adjusted) Total Returns 2) How we are Ten Years Into the Bear Market. As part of my never ending quest for truth, accuracy, and insight into the future direction of stock prices, I thought I'd pass on this chart from my friends at Business Insider showing that things are much […]

Read full story Comments are closed