Archive - Jan 13, 2010 - Blog entry

I stirred a debate on Social Security. Some economists from the American Enterprise Institute (AEI) chimed in. They sort of supported me. Some 'experts' thought I was 'peddling crap'. There is a market twist to this. It isn't in the price today. But I think it will be soon enough.
The folks at Angry Bear didn't think too much of what I wrote. Their thoughts, my response.

Société Générale (SocGen), France’s second-biggest bank, has told its clients to be bullish on commodities, stay with stocks and "anything but cash" in 2010.

If it weren’t for Hugo Chávez, my favorite Latin American dictator, life would be pretty dull. The guy is a walking, talking economics lesson. He’s so easy to pick on because he has the Sadim touch (you know, instead of turning things into gold like Midas, he turns things into crap). Everything he has done has moved Venezuela backwards. The people who actually do something productive in the economy hate him. The have-nots love him because he promised them lots of free stuff. But lately his numbers are sinking: his policies don’t work.

This post demonstrates how economic ignorance and megalomania combine for a devastating result for the people of Venezuela. This is a script for Venezuela’s future.

If the government isn't doing anything to fix this dangerous situation, we'll have to do it ourselves ...

- New Study Analyzes The Bill’s 200-Plus Pages Covering Derivatives, Outlines Potential Industry Impact And Gives A Timeline Leading To US Senate Passage
- Says New Competition Lies Ahead For Dominant Major Dealers From New Group Of Smaller, Nimble Tech-Savvy Dealers

Dumping the world’s most overvalued asset. America’s debt service to double. Hey buddy, can you spare $2.5 trillion? Short a few JGB’s while you’re at it. The fourth in a series of seven on The Mad Hedge Fund Trader’s Annual Asset Allocation Review. (TBT), (JGB)