Right now we are in the eye of the hurricane. For weeks we’ve heard economists talk about recovery and green shoots. Nonsense. Note that these economists are the same ones the missed the recession and credit crisis in … [continue reading]
Category: Finance
Last month I attended a lecture by Ian Bremmer about political risk and financial markets. It was interesting enough to inspire me to read his book.
The Fat Tail: The Power of Political Knowledge for Strategic Investing by Ian Bremmer… [continue reading]
When I heard The Federal Reserve was going buy Treasuries (aka Quantitative Easing), I couldn’t help think of the final scene in The Planet of the Apes.
… [continue reading]You maniacs!
You blew it up!
God damn you!
God damn
Over the past month I’ve noticed my Glitter Gym has become less crowded. Each week I see less and less people. There are less members around in the mornings, late afternoons and even the weekend. Many of the people who … [continue reading]
At the beginning of the year I listed 633 as my 2009 target for the S &P 500. We came close to that last week. My plan all along has been to lighten up on my short positions as I … [continue reading]
In the article Wall Street on the Tundra, financial writer Michael Lewis is able to brilliantly summarize the roots of the economic meltdown in just three sentences.
… [continue reading]When you borrow a lot of money to create a false prosperity,