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Population Bomb Echoes

Pack your portfolios with agricultural plays like Potash (POT), Mosaic (MOS), and Agrium (AGU) if Dr. Paul R. Ehrlich is just partially right about the impending collapse of the world’s food supply. You might even throw in long positions in wheat (WEAT), corn (CORN), soybeans (SOYB), and rice. The never dull, and often controversial Stanford […]

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September 4, 2013

Global Market Comments September 4, 2013 Fiat Lux Featured Trade: (WHY I’M KEEPING MY OIL SHORT), (USO), (SCO), (A COW BASED ECONOMICS LESSON), (ON THAT TESLA RECOMMENDATION), (TSLA) United States Oil (USO) ProShares UltraShort DJ-UBS Crude Oil (SCO) Tesla Motors, Inc. (TSLA)

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Why I’m Keeping My Oil Short

Let’s call this the weekend of love. On Friday morning, we were looking forward to a long weekend of missiles raining down on Syria and the regional conflagration that would follow. The price of oil reflected as much, with west Texas intermediate trading all the way up to $112.50. Then the British Parliament voted against […]

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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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On That Tesla Recommendation

Will the person who bought Tesla shares (TSLA) on my recommendation last year at $30 please email me? I was traveling in Europe over the summer and lost your email address. I would like to get a testimonial from you. The stock hit $173.70 today, and is up 580% from your cost, making it the […]

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An Evening With “Government Motors”

Long-term readers of this letter are well aware of my antipathy towards General Motors (GM). For decades, the company turned a deaf ear to customer complaints about shoddy, uncompetitive products, arcane management practices, entitled dealers, and a totally inward looking view of the world that was rapidly globalizing. It was like watching a close friend […]

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September 3, 2013

Global Market Comments September 3, 2013 Fiat Lux Featured Trade: (AN EVENING WITH “GOVERNMENT MOTORS”), (GM), (WHY BEN BERNANKE HATES ME) General Motors Company (GM)

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Why Ben Bernanke Hates Me

I don’t just think he hates me. He truly despises me. In fact, he does everything he can to put me out of business. Take the taper, for example. If I am right and he doesn’t end quantitative easing, then my model-trading portfolio goes through the roof. If he does, it will crater. Many other […]

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August 30, 2013

Global Market Comments August 30, 2013 Fiat Lux Featured Trade: (WHY I’M DOUBLING MY YEN SHORT), (FXY), (YCS), (GET READY FOR THE NEXT GOLDEN AGE) CurrencyShares Japanese Yen Trust (FXY) ProShares UltraShort Yen (YCS)

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Why I’m Doubling My Yen Short

The summer us coming to a close this weekend, and the longer term, fundamentally driven trends that have been sunning themselves at the beach are about to reassert themselves. The sideways churning moves on low volume that started as early as March are about to come to an end. Therefore, it is time to bulk […]

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Get Ready for the Next Golden Age

I believe that the global economy is setting up for a new golden age reminiscent of the one the United States enjoyed during the 1950’s, and which I still remember fondly. This is not some pie in the sky prediction. It simply assumes a continuation of existing trends in demographics, technology, politics, and economics. The […]

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August 29, 2013

Global Market Comments August 29, 2013 Fiat Lux Featured Trade: (BATTLE TESTING YOUR PORTFOLIO), (SPY), (USO), (FXE), (FXY), (YCS), (GLD), (SLV), (TLT), (THE COST OF CLEAN COAL), (KOL), (WHO IS BEN BERNANKE?) SPDR S&P 500 (SPY) United States Oil (USO) CurrencyShares Euro Trust (FXE) CurrencyShares Japanese Yen Trust (FXY) ProShares UltraShort Yen (YCS) SPDR Gold […]

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Battle Testing Your Portfolio

The great thing about the sudden $5 pop is the price of oil since Monday is that it battle tests your portfolio. You really don’t know what you own and the risks it entails until something like this comes along. I’ll explain why. For a start, you get a very clear idea of which of […]

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The Price Tag for Clean Coal

I wanted to get the low down on clean coal (KOL) to see how clean it really is, so I visited some friends at Lawrence Livermore National Laboratory. The modern day descendent of the Atomic Energy Commission, where I had a student job in the seventies, the leading researcher on laser induced nuclear fission, and […]

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Who is Ben Bernanke?

Since nothing less than the fate of the free world depends on the judgment of Ben Bernanke these days, I thought I’d touch base with David Wessel, the Wall Street Journal economics editor, who has just published In Fed We Trust: Ben Bernanke’s War on the Great Panic. I doubted David could tell me anything […]

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