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The Bipolar Economy

Corporate earnings are up big! Great! Buy! No wait! The economy is going down the toilet! Sell! Buy! Sell! Buy! Sell! Help! Anyone would be forgiven for thinking that the stock market has become bipolar. There is, in fact, an explanation for this madness. According to the Commerce Department’s Bureau of Economic Analysis, the answer […]

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Say Goodbye to Your Favorite Teacher

Don’t bother taking an apple to school to give your favorite teacher, unless you want to leave it in front of a machine. The schoolteacher is about to join the sorry ranks of the service station attendant, the elevator operator, and the telephone operators whose professions have been rendered useless by technology. The next big […]

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Not Your Father’s Railroads

When I rode Amtrak’s California Zephyr service from Chicago to San Francisco last year, I passed countless trains heading west hauling hoppers full of coal for shipment to China. This year I took the same trip. The coal trains were gone. Instead I saw 100 car long tanker trains transporting crude oil from North Dakota […]

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July 18, 2013

Global Market Comments July 18, 2013 Fiat Lux Featured Trade: (AUGUST 9 ZERMATT, SWITZERLAND STRATEGY SEMINAR), (MONEY DOWN THE DRAIN), (MID ATLANTIC THOUGHTS ABOARD THE QUEEN MARY 2, PART II)

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August 9 Zermatt, Switzerland Strategy Seminar

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Seminar, which I will be conducting high in the Alps in Zermatt, Switzerland at 2:00 PM on Friday, August 9, 2012. A PowerPoint presentation will be followed by an open discussion on the crucial issues facing investors today. Coffee, tea, and schnapps […]

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Money Down the Drain?

Who was the top paid state employee in California last year? The governor? The Chief Justice of the Supreme Court? How about the leader of the Senate? Nope. It was a prison psychiatrist who took home an eye popping $838,706, most of it in overtime. I love it! The state drives people insane by sending […]

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Mid Atlantic Thoughts Aboard the Queen Mary 2, Part II

LOCATION: 48 degrees, 02.12 minutes North, 043 degrees, 42.08 minutes West, or 1,000 miles south of Greenland. When I visited the computer center, I was stunned to learn that they were offering three hour long classes on Apple products and programs every hour, all day long. They covered iMacs, iPads, IPods, IPhones, and all of […]

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July 17, 2013

Global Market Comments July 17, 2013 Fiat Lux Featured Trade: (AUGUST 1 MYKONOS, GREECE STRATEGY LUNCHEON), (EXPLORING MY NEW YORK ROOTS), (MID ATLANTIC THOUGHTS ABOARD THE QUEEN MARY 2, PART 1)

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August 1 Mykonos, Greece Strategy Luncheon

Come join John Thomas for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting on the Greek island of Mykonos in the Aegean Sea on Thursday, August 1, 2013. A three-course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I’ll be giving […]

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Exploring my New York Roots

While in New York waiting to board Cunard’s Queen Mary 2 to sail for Southampton, England, I decided to check out the Bay Ridge address near the Verrazano Bridge where my father grew up. I took a limo over to Brooklyn and knocked on the front door. I told the owner about my family history […]

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Mid Atlantic Thoughts Aboard the Queen Mary 2, Part I

Location: 48 degrees, 02.12 minutes North, 043 degrees, 42.08 minutes West, or 1,421 nautical miles ENE of New York. The Queen Mary 2 is currently plowing its way through a massive fog bank a thousand miles thick, sounding the foghorn every two minutes. Visibility is less than 100 yards, and the waves are a rough […]

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July 16, 2013

Global Market Comments July 16, 2013 Fiat Lux Featured Trade: (JULY 25 PORTOFINO, ITALY STRATEGY LUNCHEON), (KNOWING THE PRICE OF EVERYTHING AND THE VALUE OF NOTHING), (DINNER WITH NOBEL PRIZE WINNER PAUL KRUGMAN)

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July 25 Portofino, Italy Strategy Luncheon

Come join John Thomas for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting near Portofino, Italy on the Italian Riviera, on Thursday, July 25, 2013. 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 […]

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Knowing the Price of Everything and the Value of Nothing

As a fanatical follower of the price of everything, I have long been an avid viewer of the television program, Antiques Roadshow, for 14 years, and the English version of the show well before that. This is where you learn what stuff like “majolica” is. Many aspiring collectors come into the open appraisal events hoping […]

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Dinner with Nobel Prize Winner Paul Krugman

The first thing I noticed when Paul walked in was the few extra pounds and silvery tinge to his hair he acquired since I saw him last. He’s clearly spending too much time behind a computer writing those acidic columns for the New York Times. We’re all short dated options in the end, I thought. […]

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