“Having spent three years in Washington, it’s easy to have a delusion of grandeur in terms of how much you can stimulate the economy,” said Ed Lazear, former chairman of the Council of Economic Advisors.
Global Market Comments September 25, 2023 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or THE SINGULARITY IS HERE!) (SPY), (TLT), (MSFT), (TSLA), (USO), (AMZN)
While changing planes at Heathrow airport in London last week, my partners in artificial intelligence graciously came out to join me for lunch over some of the awful food there. I can’t tell you who they are, but if I did you would fall out of your chair. Whenever someone gets a lead in AI
“There’s no point in winning the war if you can’t win the peace,” said former Treasury Secretary Larry Summers about the postwar need to rebuild Ukraine.
Global Market Comments September 22, 2023 Fiat Lux Featured Trade: (SEPTEMBER 20 BIWEEKLY STRATEGY WEBINAR Q&A), (AMZN), (SPX), (TLT), (TSLA), (DIS), (LEN), (KBH), (PHM), (USO), (FXA), (UNG), (JPM), (C), (BAC)
Below please find subscribers’ Q&A for the September 20 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from Silicon Valley, CA. Q: How do we know when interest rates have peaked? A: Well, that's easy—the Fed announces it and they start cutting interest rates. The first hint of that is they don’t raise interest rates
Global Market Comments September 21, 2023 Fiat Lux Featured Trade: (THE MAD HEDGE TRADERS & INVESTORS SUMMIT VIDEOS ARE UP!) (THE NEW OFFSHORE CENTER: AMERICA), (SIGN UP NOW FOR TEXT MESSAGING OF TRADE ALERTS),
Video replays from the September 12-13 confab are up. Listen to 15 speakers opine on the best strategies, tactics, and instruments to use in these volatile markets. It is a true smorgasbord of investment strategies. Find the best one that suits your own goals. The product discounts offered last week are still valid. Start, stop,
Global Market Comments September 20, 2023 Fiat Lux Featured Trade: (FRIDAY, OCTOBER 31 MIAMI, FLORIDA GLOBAL STRATEGY LUNCHEON) (WHY I HAVE BECOME SO BORING), (SPY), (QQQ), (IWM), (AAPL), (TSLA), (TACKLING THE INFLATION MYTH), (AAPL), (GOOG), (FB)
I have recently received a few complaints from readers that I have become boring. I have to confess that they are right. I am not a person who boredom comes to easily. I’m the guy who climbed the Matterhorn, crossed the Sahara Desert on the back of a camel, and went to surfing school. And
I have long told my listeners at conferences, webinars, and strategy luncheons my definition of the “new inflation”: the price for whatever you have to buy is rising, as with your home, health care, and a college education. The price of the things you need to sell, such as your labor and services, is falling.
Global Market Comments September 19, 2023 Fiat Lux Featured Trade: (OCTOBER 20 LONDON STRATEGY LUNCHEON) (THE TWO CENTURY DOLLAR SHORT), (CNN’S JOHN LEWIS; THE DEATH OF A COLLEAGUE)
I was deeply saddened by the death of my old friend, CNN Asia correspondent, John Lewis, a legend in television journalism. I first met John in Tokyo at the Foreign Correspondents’ Club of Japan back in 1974, when he was a decorated Vietnam vet from Ohio trying to claw his way into TV, bootstrap style.
“We’ve seen the S&P 500 drop 50% twice in the last 15 years. That is the new normal”, said Richard Kang of Emerging Global Advisors.
Global Market Comments September 18, 2023 Fiat Lux Featured Trade: (I’M TAKING OFF FOR UKRAINE TODAY AND I NEED YOUR HELP) (MARKET OUTLOOK FOR THE WEEK AHEAD) (XLK), (TSLA), (GM), (F)
I’m not so worried that the market won’t go up. It really bothers me that stocks are unable to go down. That means you don’t get a flush out of positions that generates the cash needed to finance the next leg up in the bull market. Usually, that happens in the fall because historically that’s
If you speak French and want excitement, call this number,” said a flyer read by my friend and former mentor William Colby during WWII. That was how he was recruited by the OSS, which later became the CIA, once headed by Colby.
Global Market Comments September 15, 2023 Fiat Lux Featured Trade: (FRIDAY, OCTOBER 6 FRANKFURT, GERMANY STRATEGY DINNER) (THERE ARE NO GURUS), (THE PRICE TAG FOR CLEAN COAL), (KOL), (UNG), (PGE), (BTU)
I wanted to get the low down on clean coal (KOL) to see how clean it really is, so I visited some friends at Lawrence Livermore National Laboratory in California. The modern-day descendent of the Atomic Energy Commission, where I had a student job in the early seventies, the leading researcher on laser-induced nuclear fission,
Global Market Comments September 14, 2023 Fiat Lux Featured Trade: (SEPTEMBER 29 ZERMATT SWITZERLAND STRATEGY SEMINAR) (THE BLOCKBUSTER READ IN THE HEDGE FUND COMMUNITY)