My former employer, The Economist, once the ever tolerant editor of my flabby, disjointed, and juvenile prose (Thanks Peter and Marjorie), has released its ?Big Mac? index of international currency valuations. Although initially launched as a joke three decades ago, I have followed it religiously and found it an amazingly accurate predictor of future economic
Tesla has announced a new battery swapping service that will enable drivers to get a full charge for their all-electric Model S-1 sedans in 90 seconds. The service will be available at strategically located charging stations around the country, and will cost $60, about the cost of an equivalent full tank of gas. The swap
?At some point in 2013, knuckles are going to be turning white, and we?ll see whatever rabbits Ben Bernanke is going to have to pull out of his hat?, said David Rosenberg of Gluskin, Sheff in Associates
Come join me for lunch for the Mad Hedge Fund Trader?s Global Strategy Seminar, which I will be conducting in New York, NY on Tuesday, July 2, 2013. An excellent three-course lunch will be provided. A PowerPoint presentation will be followed by an extended question and answer period. I?ll be giving you my up to
In these frenetic, violent, take no prisoners markets I managed to grab a few precious minutes with Mad Day Trader, Jim Parker.? Jim uses a dozen proprietary short-term technical and momentum indicators to give some much-needed guidance in these trying times. It?s all about the bond market, says Jim. Sell every rally until proven otherwise.
?When the fools are dancing, the greater fools are watching,? according to an old Japanese proverb.
Global Market Comments June 24, 2013 Fiat Lux Featured Trade: (JUNE 26 GLOBAL STRATEGY WEBINAR), (JULY 12 AMSTERDAM STRATEGY LUNCHEON), (THE BEST FINANCIAL BOOK EVER), (A DAY WITH TOM FRIEDMAN OF THE NEW YORK TIMES)
Come join John Thomas for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Amsterdam, The Netherlands, on Friday, July 12, 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 to date view
I have just finished reading the best financial book ever, and I have read most of them. It is The Ascent of Money: A Financial History of the World by Harvard professor Niall Ferguson. It gives you a great explanation of how the broad sweep of history delivered us to the doorstep of today?s crisis.
I took a day off to attend the New York Times Global Forum at San Francisco?s Sony Metreon Center. Their goal was to put together 400 of the most forward thinking and influential minds in the Bay Area, stand back, and see what happened. It was organized by my old friend, fellow traveler, and veteran
