Archive - Sep 2009 - Blog entry

Gold and silver are outperforming a basket of currencies.

The Mortgage Bankers Association went public with their recommendations for the mortgage industry. They want to pretend that nothing went wrong the last five years. In my view their proposal is dead on arrival.

Over a lifetime, active investors will make hundreds, often thousands of investment decisions. Not all of those decisions will work out for the better. Some will lose and some will make us money. As humans we tend to focus on the outcome of the decision rather than on the process.

Last night Zero Hedge obtained some interesting documents from the CDC web site. They contain blank 'forced quarantine' orders from Iowa and Florida regarding novel H1N1 -- including forced quarantine to a 'secure detention center'.

My advice to the U.S. pay czar is to leave Nancy Everett and her team alone. Unlike the senior managers at most of Canada's large public pension funds, the folks at Promark Global Advisors earned their compensation by not following the herd, realizing the beauty of bonds, and by focusing on preservation of capital.

After I looked at the data from 1900 to 2008, it is safe to conclude that September historically was the worst month for investors, period.

A proposal to swap Agency Preferred shares for repossessed properties owned by the D.C. lenders. This plan could work. Everyone wins. What do you think?