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April 28, 2010 – Ganging Up on the Yen

Featured Trades: (YEN), (YCS), (YUAN), (CYB) 3) Ganging Up on the Yen. My old friend, Eisuke Sakakibara, Japan’s former vice minister of finance and director of the IMF, also known as ‘Mr. Yen,’ believes that the Japanese currency is going to trade in a ¥92-¥97 range. That will frustrate hedge funds that pile on enormous […]

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April 28, 2010 – Union Pacific (UNP) is Barreling Down the Rails

Featured Trades: (UNP), (PPLT), (PALL) 4) Union Pacific (UNP) is Barreling Down the Rails. I am going to run a series of articles over the next several days about the earnings reports of companies which are great ‘tells’ on the state of the global economy.  Union Pacific (UNP) just announced Q1 profits of $516 million […]

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April 28, 2010 – Quote of the Day

If you think you are going to get a free ride, or a white horse to bail you out, the white horse is dead,' Said Senator Chris Dodd, chairman of the Senate Banking Committee, about the new financial regulation bill.

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April 27, 2010 – San Francisco Strategy Luncheon

Featured Trades: (SAN FRANCISCO STRATEGY LUNCHEON) 1) Many thanks to all of you who attended my strategy luncheon at the Marines' Memorial Association in San Francisco on Friday. I found your questions insightful and your positive feedback inspirational. The club's meal and service was fabulous, as always. The security provided by the army battalion in […]

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April 27, 2010 – Cash is Piling into Emerging Market Debt

Featured Trades: (PCY), (LQD) 2) Cash is Piling into Emerging Market Debt. Last year, I suggested emerging market sovereign debt ETF’s as safe, high yielding investments in which to hide out in case the equity markets swoon again (click here for the call). With hedge funds scrambling to pile on more risk, and mutual funds […]

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April 27, 2010 – Quote of the Day

'Shallow ideas can be assimilated; ideas that require people to reorganize their picture of the world provoke hostility,' said David Gurwitz of Charles Nenner research, quoting James Gleick's book Chaos.

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April 23, 2010 – Autonation Predicts a Big Recovery in Car Sales…and Platinum and Paladium

Featured Trades: (AN), (TM), (PPLT), (PALL) 1) Autonation Predicts a Big Recovery in Car Sales….and Platinum and Paladium. The performance of AutoNation (AN), the largest car retailer in the US, is a great leading indicator for the global economy and is to be ignored at your peril. Q1 revenues soared by a blistering 21% across […]

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April 23, 2010 – California Muni Bonds: Load the Boat Now!

Featured Trades: (VCV), (NCP), (NVX) 2) California Muni Bonds: Load the Boat Now! Those who followed my advice to ‘buy’ California at the bottom by loading up on the state’s beleaguered tax free municipal bonds (click here for the call) will be excited by the latest report from controller, John Chiang. The Golden State’s revenues […]

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April 23, 2010 – Learn to Live With Deleveraging

Featured Trades: (GLOBAL DEBT/EQUITY RATIOS) 3) Learn to Live With Deleveraging. I am frequently asked for the basis of my long term growth target for the US for the decade of 2.5%, down from 3.9% for the previous one. Well, here it is. Deleveraging and balance sheet repair is going to be a driving factor […]

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April 23, 2010 – Business is Booming at the Money Printers

Featured Trades: ($100 DOLLAR BILL) 4) Business is Booming at the Money Printers. All of the high grade paper used by the US Treasury to print money is bought by one firm, Crane & Co., which has been in the same family for seven generations. Last year, the Feds printed 38 million banknotes worth $639 […]

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April 23, 2010 – Quote of the Day

'It's still a long journey back to 16 million, but the journey is unequivocally under way,' said Mike Jackson, CEO of AutoNation, the largest car retailer in the US.

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April 22, 2010 – The Canadian Dollar is About to Rocket

SPECIAL ‘OH CANADA’ ISSUE Featured Trades: (CANADA), (FXC), (EWC)   1) The Canadian Dollar is About to Rocket. The Canadian central bank hinted today that they may raise interest rates at their next meeting, sending the loonie (FXC), rocketing through parity against Uncle Buck for the first time in two years. The move also sent […]

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April 22, 2010 – Beware of Canadians Bearing Gifts

SPECIAL 'OH CANADA' ISSUE Featured Trades: (CANADA), (FXC), (EWC), (TAR SANDS) 2) Beware of Canadians Bearing Gifts. Anyone who has any illusions about the Canadian tar sands business should take a look at the March issue of National Geographic, not normally a prime source of financial and economic news for me. I'm not a fanatic, […]

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April 22, 2010 – The Suit Against Goldman Sachs is Going Nowhere

SPECIAL 'OH CANADA' ISSUE Featured Trades: (GS) 3) The Suit Against Goldman Sachs is Going Nowhere. It is now 2015, and after five years of legal maneuvering, depositions, and motions, the SEC's case against Goldman Sachs (GS) is finally coming to trial. Settlement negotiations have proven fruitless. The stock market is well into another bubble, […]

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April 22, 2010 – Quote of the Day

'Chance favors the prepared,' said the great French chemist Louis Pasteur.

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