I have been banging the table for years now about the importance of demographic trends for the economy, the financial markets, and the housing market. Well, politics is no different. According to recent surveys, Millennials, who are now aged 19-30 (I have three of them) are suspicious of government, have a strong anti-business bias, are
?I don?t like the bond market at all. A jackass in a Tuxedo is still a jackass,? said Bill Spiropoulis at Corestates Capital Advisors
Long the domain of hedge funds and large banks, the carry trade has gone mainstream. Individual investors are increasingly resorting to the techniques employed by the masters of the universe to boost trading and investment returns. But they lack the risk control infrastructure and discipline employed by the big boys. As with other innovations of
A confidential report from the Pentagon just made public says that the 2008 financial crisis was the result of targeted attacks by terrorists groups. A ramp up of oil prices that began in 2007 led to the bear raids against Bear Stearns and Lehman Brothers in 2008. The final phase may be in place now,
The 'Oracle of Omaha' expounded at length today on why he despises the barbarous relic. The sage doesn't really care about the yellow metal, whatever the price. He sees it primarily as a bet on fear. If investors are more afraid in a year than they are today, then you make money. If they aren't,
?What the wise man does in the beginning the fool does in the end,? said oracle of Omaha, Warren Buffett.
With global quantitative easing now getting long in the tooth, I think the party is about to end for the Treasury bond market. For the last four months, this market has been stuck in a tedious, narrow range, with ten year paper stuck between a 1.90% - 2.10% yield. Trading bonds has been as exciting
If you want to delve into the case against the long term future of US Treasury bonds in all their darkness, take a look at Foreign Affairs, the establishment bimonthly journal read by academics, intelligence agencies, and politicians alike, which I am sure you all have sitting on your nightstands. In a well-researched and thought
?At these prices, bonds should have warning labels on them,? said Doug Kass of Seabreeze Partners.
Due to overwhelming demand, I have improved and expanded my 2012 schedule of strategy luncheons. The Phoenix lunch got moved to Scottsdale to access a more stylish hotel. The French said they would start mailing me frog legs if I didn?t come to France, so my European Tour now includes a Paris lunch. The Swiss