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January 6, 2014

Global Market Comments January 6, 2014 Fiat Lux Featured Trades: MY 20 RULES FOR TRADING

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My 20 Rules for Trading

Nothing like starting the New Year with going back to basics and reviewing the rules that worked so well for us in 2013. Call this the refresher course for Trading 101. I usually try to catch three or four trend changes a year, which might generate 50-100 trades, and often come in frenzied bursts. Since […]

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January 3, 2014

Global Market Comments January 3, 2014 Fiat Lux Featured Trade: (REPORT FROM THE MATTERHORN SUMMIT)

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Report from the Matterhorn Summit

From where I stand, the rolling foothills of Northern Italy spread out below me to the south. On my left lie the distinctive peaks of the Dolomite Alps. On my right I can see the massive expanse of Mont Blanc, at 15,781 feet the highest mountain in Europe. I am standing at the summit of […]

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January 2, 2014

Global Market Comments January 2, 2014 Fiat Lux Featured Trade: (AN EVENING WITH GENERAL DOUGLAS FRASER), (EWZ), (ECH), (GXG), (CU), (CORN), (SOYB), (WEAT), (A COW BASED ECONOMICS LESSON) iShares MSCI Brazil Capped (EWZ) iShares MSCI Chile Capped (ECH) Global X FTSE Colombia 20 ETF (GXG) First Trust ISE Global Copper Index (CU) Teucrium Corn (CORN) […]

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An Evening with General Douglas Fraser

I never cease to be amazed by the intelligence provided me by the US Defense Department, which after the CIA, has the world’s most impressive and insightful economic research team. There are few places a global strategist like me can go to get intelligent, thoughtful forty-year views, and this is one. Wall Street, eat your […]

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A Cow based Economics Lesson:

SOCIALISM -You have 2 cows. You give one to your neighbor. COMMUNISM -You have 2 cows. The State takes both and gives you some milk. FASCISM -You have 2 cows. The State takes both and sells you some milk. NAZISM -You have 2 cows. The State takes both and shoots you. BUREAUCRATISM -You have 2 […]

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December 31, 2013

Global Market Comments December 31, 2013 Fiat Lux Featured Trade: (THE LONG VIEW ON EMERGING MARKETS), (HOW TO AVOID THE PONZI SCHEME TRAP), (MURRAY SAYLE: THE PASSING OF A GIANT IN JOURNALISM), (TESTIMONIAL)

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The Long View on Emerging Markets

I managed to catch a few comments in the distinct northern accent of Jim O’Neil, the fabled analyst who invented the ‘BRIC’ term, and who was later kicked upstairs to the chairman’s seat at Goldman Sachs International (GS) in London. Jim thinks that it is still the early days for the space, and that these […]

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How to Avoid the Ponzi Scheme Trap

I spent a sad and depressing, but highly instructional evening with Dr. Stephen Greenspan, who had lost most of his personal fortune with Bernie Madoff. The University of Connecticut psychology professor had poured the bulk of his savings into Sandra Mansky’s Tremont feeder fund; receiving convincing trade confirms and rock solid custody statements from the […]

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Murray Sayle: The Passing of a Giant in Journalism

I was saddened when I heard of the death of my close friend, the Australian, Murray Sayle a few years ago, after his long battle with Parkinson’s disease at the age of 84. Murray was one of the giants of journalism in the second half of the 20th century. He started by editing the newspaper […]

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December 30, 2013

Global Market Comments December 30, 2013 Fiat Lux Featured Trades: (BE CAREFUL WHO YOU SNITCH ON), (A CONVERSATION WITH THE BOOTS ON THE GROUND), (DINNER WITH JOSEPH STIGLITZ)

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Be Careful Who You Snitch On

Buried in the recently passed Dodd-Frank financial reform bill are massive financial rewards for turning in your crooked boss. The SEC is hoping that multimillion dollar rewards amounting to 10%-30% of sanction amounts will drive a stampede of whistleblowers to their doors with evidence of malfeasance and fraud by their employers. If such rules were […]

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A Conversation with the Boots on the Ground

I have spent many hours speaking at length with the generals who are running our wars in the Middle East, like David Petraeus, and James E. Cartwright. To get the boots on the ground view, I attended the graduation of a friend at the Defense Language Institute in Monterey, California, the world’s preeminent language training […]

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Dinner with Joseph Stiglitz

The great thing about interviewing Joseph Stiglitz over dinner is that you don’t have to ask any questions. You just turn him on and he spits out one zinger after another. And he does this in a kibitzing, wizened, grandfatherly manner like one would expect from a character that just walked off the set of […]

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