?The reasonable man adapts himself to the world. The unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man? said George Bernard Shaw, an early 20th century writer and philosopher.
Panic is on deck, to use the baseball terminology that my foreign readers are often attempting to decipher. That is the only conclusion one can reach after getting gob smacked by the price action this morning. Copper got spanked for eight cents, oil burned $2, gold shed another $26, and silver puked 70 cents. The
When I heard that the managers of exchange traded funds were raking in huge fees from lending out shares in their index portfolios I thought ?That?s great, the managers are really working hard to maximize returns for their shareholders.? These shares are borrowed by hedge funds which then then sell short. Then I found out
I follow a broad range of unconventional, but highly useful leading economic indicators that gives me a decisive edge when predicting the future direction of global financial markets. One of them has started flashing a warning sign. I fund an orphanage in remote Zhanjiang, in China?s southern Guangdong province near Hainan Island called The Zhanjiang
?I view Euro as a doomsday machine,? said a European economics professor.
JP Morgan (JPM) just gave us the preview of the next financial crisis. A surprise, hidden $2 billion trading loss in esoteric foreign derivatives at on offshore branch by America?s premier bank is exactly what the markets did not want to hear right now. The London whale has beached itself. Although no one has mentioned
?Republicans and Democrats won?t engage in any kind of austerity because there is no consequence for the fiscal profligacy they are allowing today. With the Fed taking 60% of the Treasury?s bond issuance they are pulling the policeman off of the freeway so everyone can keep speeding. Until the bond market moves, you are not
Readers of the Diary of a Mad Hedge Fund Trader down under are welcome to join the online ?Secure the Future? conference which I will be participating in through the miracle of the Internet. My friend, Greg Owen, created this organization to educate investors in the opportunities available in international markets by bringing in industry
Gold bugs are puzzled by the recent collapse in the price of the barbarous relic. Physical demand has been outstripping supplies for some time now and threatens to reach all-time highs. Demand for 100 ounce gold bars by the 1%?ers is as high as it has ever been. Negative real interest rates for almost all
As of this week, Oregon will become the first state to complete a chain of charging stations that will enable electric cars to travel from one end of the state to the other. It completed the last of eight 440 volt fast charging stations that allow travel for the full 310 miles on the beaver