Archive - Oct 1, 2009 - Blog entry

A year after the financial disaster of 2008, the search is on for investing’s winners and for its casualties. There are surprisingly few of either.

Why do economists keep getting it wrong? How can we ever trust what they say again after their miserable performance before the crash? They see what they want to see. Sheep. If we've learned anything it's to ignore mainstream economists. Listen to the outliers because the mainstream never gets it right. Here's today's data brought to you by an outlier. Remember to be skeptical.

Sulfuric acid is a backbone commodity for the economy. If you think the Vol. on oil is high take a look at the price action for this stuff. What's next is the big question. The current price is at a five year low. Looking at history it could be 300% higher in a year.

You stare down into the solid gold basin in the second floor executive washroom on C Street, chuckling lowly to yourself. The memory of the impertinent Congressman asking the location of the Fed’s gold—your gold—fades. You catch a glimpse of your perfectly coiffed beard and immediately sober, then smile wryly at your reflection.

The shorts are feeding again at the S&P trough, feeling confident. Let them be confident.