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CNN’s John Lewis; the Death of a Colleague

I was deeply saddened by the death, 4 years ago, of my old friend, CNN Asia correspondent, John Lewis, a legend in television journalism. I first met John in Tokyo at the Foreign Correspondents’ Club of Japan back in 1974, when he was a decorated Vietnam vet from Ohio trying to claw his way into […]

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June 26, 2014

Global Market Comments June 26, 2014 Fiat Lux Featured Trade: (JULY 11 SARDINIA, ITALY STRATEGY LUNCHEON), (MY BRIEFING FROM THE JOINT CHIEFS OF STAFF), (XLK), (WHY THE JGB MARKET MAY BE READY TO COLLAPSE), (FXY), (DXJ), (EWJ) Technology Select Sector SPDR ETF (XLK) CurrencyShares Japanese Yen Trust (FXY) WisdomTree Japan Hedged Equity (DXJ) iShares MSCI […]

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July 11 Sardinia, Italy Strategy Luncheon

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Golfo Arancia, Italy on Friday, July 11, 2014. A three course lunch will be followed by a PowerPoint presentation and an extended question and answer period. Golfo Arancia is on the famous Costa Smeralda, some […]

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My Briefing from the Joint Chiefs of Staff

I have always considered the US military to have one of the world’s greatest research organizations. The frustrating thing is that their “clients” only consist of the President and a handful of three and four star generals. So I thought that I would review my notes from a dinner I had with General James E. […]

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Why the JGB Market May Be Ready to Collapse

When I first arrived in Japan in 1974, international investors widely expected the country to collapse, a casualty of the overnight quadrupling of oil prices from $3 per barrel to $1, and the global recession that followed. Japanese borrowers were only able to tap foreign debt markets by paying a 200 basis point premium to […]

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June 25, 2014

Global Market Comments June 25, 2014 Fiat Lux Featured Trade: (JULY 7 ROME, ITALY STRATEGY LUNCHEON) (WHERE THE ECONOMIST BIG MAC INDEX FINDS CURRENCY VALUE), (FXF), (FXE), (FXA), (FXE), (CYB) (THE FALLING MARKET FOR KIDS), (HOLLYWOOD CASHES IN ON WALL STREET TROUBLES) CurrencyShares Swiss Franc Trust (FXF) CurrencyShares Euro Trust (FXE) CurrencyShares Australian Dollar Trust […]

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July 7 Rome, Italy Strategy Luncheon

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Rome, Italy on Monday, July 7, 2014. A three course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I’ll be giving you my up to date view on […]

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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 released its “Big Mac” index of international currency valuations. Although initially launched as a joke three decades ago, I have followed it religiously and found it an amazingly accurate predictor of future economic […]

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The Falling Market for Kids

Until the 19th century, children used to provide income and security for their parents as they worked on the family farm. That dynamic continued when industrialization brought families into the cities and kids into the factories. Since then, children have been a great short. A hundred years of state mandated education and child labor laws […]

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Hollywood Cashes in on Wall Street’s Troubles

I have done many things in my life: hedge fund manager, pilot, cowboy, journalist, stockbroker, mountain climber, translator, guide, etc, etc. etc. Now add technical consultant to Hollywood to the list. According to the New York Times, Simon Baker, star of the TV show “The Mentalist”, is using the Diary of a Mad Hedge Fund […]

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June 24, 2014

Global Market Comments June 24, 2014 Fiat Lux Featured Trade: (LAST CHANCE TO ATTEND THE JUNE 26 ISTANBUL, TURKEY STRATEGY LUNCHEON), (THE BEST FINANCIAL BOOK EVER), (A DAY WITH TOM FRIEDMAN OF THE NEW YORK TIMES)

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Last Chance to Attend the June 26 Istanbul, Turkey Strategy Luncheon

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Istanbul, Turkey on Thursday, June 26, 2014. A three course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I’ll be giving you my up to date view on […]

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The Best Financial Book Ever

I have just finished reading the best financial book ever and I have read most of them. It is The Ascent of Money: a Financial History of the World by Harvard professor Niall Ferguson. It gives you a great explanation of how the broad sweep of history delivered us to the doorstep of today’s crisis. […]

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A Day with Tom Friedman of the New York Times

I took a day off to attend the New York Times Global Forum at San Francisco’s Sony Metreon Center. Their goal was to put together 400 of the most forward thinking and influential minds in the Bay Area, stand back, and see what happened. It was organized by my old friend, fellow traveler, and veteran […]

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June 23, 2014

Global Market Comments June 23, 2014 Fiat Lux Featured Trade: (JULY 24 ZERMATT, SWITZERLAND GLOBAL STRATEGY SEMINAR), (THE NEW COLD WAR), (WHY I LOVE/HATE THE OIL COMPANIES), (XOM), (USO), (THE WORST TRADE IN HISTORY), (AAPL) Exxon Mobil Corporation (XOM) United States Oil (USO) Apple Inc. (AAPL)

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