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A Conversation with the Boots on the Ground

I have spent many hours speaking at length with the generals who ran our wars in the Middle East, like David Petraeus, James E. Cartwright, and Martin E. Dempsey. 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 […]

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Dinner with Nobel Prize Winner 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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February 28, 2013

Global Market Comments February 28, 2013 Fiat Lux Featured Trade: (SUNDAY WITH PRESIDENT JIMMY CARTER)

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Sunday With President Jimmy Carter

When I heard that our 39th president, former governor of Georgia, and Nobel Peace Prize winner, Jimmy Carter was coming to town, I moved heaven and earth to meet him. I served in the White House Press Corps as the The Economist correspondent during the latter part of his term, and was dying to get […]

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February 27, 2013

Global Market Comments February 27, 2013 Fiat Lux Featured Trade: (WHY THE MARKETS COULD CARE LESS ABOUT SEQUESTRATION), (BE CAREFUL WHO YOU SNITCH ON)

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Why the Markets Could Care Less About Sequestration

They say a picture is worth 1,000 words. The map below is worth a PhD thesis, and perhaps a weighty tome. Prepared by my friends from government data at the online financial site run by Henry Blodget, Business Insider, it ranks the states most impacted by the sequestration of federal spending that starts on Friday, […]

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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 in […]

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February 26, 2013

Global Market Comments February 26, 2013 Fiat Lux Featured Trade: (SUDDENLY THOSE ITALIAN LESSONS ARE PAYING OFF), (FXE), (EUO), (EWI), (VIX), (UUP), (NEW BOJ GOVERNOR CRATERS YEN), (FXY), (YCS), (UUP), (PETER F. DRUCKER ON MANAGEMENT) CurrencyShares Euro Trust (FXE) ProShares UltraShort Euro (EUO) iShares MSCI Italy Capped Index (EWI) VOLATILITYS&P500 (VIX) PowerShares DB US Dollar […]

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Suddenly Those Italian Lessons Are Paying Off

Welcome to the first black swan of 2013! You couldn’t mistake the meaning of the cries of topless female protesters as they flung themselves at police guarding Italian polling stations on Monday. Basta! Basta! Enough! Enough! The purpose of their demonstration was visibly scrawled in large letters across their nubile bodies in black ink for […]

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New BOJ Governor Craters Yen

At long last, Japanese Prime Minister, Shinzo Abe, has appointed a new governor to the Bank of Japan, Haruhiko Kuroda. The foreign currency markets responded immediately, taking the Japanese yen down to ¥94.60, a new three year low. It also broke new ground in a range of currency crosses, including Euro/Yen, Ausie/Yen, and Kiwi/Yen. It […]

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Peter F. Drucker on Management

If you have been living in a cave for the last 72 years and missed the work of management guru, Peter F. Drucker, here is your chance to catch up. I just finished reading The Essential Drucker, a weighty tome of 368 pages which summarized the high points and pearls of wisdom of the author’s […]

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February 25, 2013

Global Market Comments February 25, 2013 Fiat Lux Featured Trade: (ANOTHER DAY IN THE LIFE OF THE MAD HEDGE FUND TRADER), (SPY), (SPX), (QQQ), (AAPL), (HPQ), (YHOO), (CSCO), (TLT), (TBT), (FXF), (UUP), (FXE), (GLD), (GDX), (TSLA), (USO) SPDR S&P 500 (SPY) SPX Corporation (SPW) PowerShares QQQ (QQQ) Apple Inc. (AAPL) Hewlett-Packard Company (HPQ) Yahoo! Inc. […]

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A Day in the Life of the Mad Hedge Fund Trader

Diary Entry for Friday, February 22, 2013 Dear Diary, 4:30 PM Thursday- Thought I’d check my Bloomberg to see how the Asian markets were opening. Wow! Shanghai is really taking it in the shorts, down 5%. Looks like when Ben Bernanke catches a cold, the Chinese markets catch pneumonia. They must be more dependent on […]

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February 22, 2013

Global Market Comments February 22, 2013 Fiat Lux Featured Trade: (FOLLOW UP ON TESLA), (TSLA), (DON’T MISS THIS REAL ESTATE BUBBLE), (A VERY SHORT HISTORY OF HEDGE FUNDS), (POPULATION BOMB ECHOES), (POT), (MOS), (AGU), (RJA), (CORN), (WEAT), (SOYB) Tesla Motors, Inc. (TSLA) Potash Corp. of Saskatchewan, Inc. (POT) The Mosaic Company (MOS) Agrium Inc. (AGU) […]

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Follow Up on Tesla

Damn! I should have cut a commission deal with Tesla (TSLA) before I published my story on their amazing electric vehicle a few days ago (click here for “My Take on the Tesla Tiff”). I have since received a dozen emails from readers telling me they have jumped on the waiting list with a $5,000 […]

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