Archive - Jul 14, 2010 - Blog entry

Canada's Public Sector Pension Investment Board has put a large portfolio of private equity commitments up for sale, in the latest evidence that a long-awaited boom in deal flow on the secondary market has arrived.

I'm not going to say I told you so, but Apple is on the verge of quickly losing its grip on what is, by far, its most profitable franchise…

Updated ...

"Surely, I'm missing something here, but all of this seems like reckless rope-a-dope in the tradition of Muhammad Ali in his best rope-a-doping days."

As the MSM picks up on what we have been telling you for a year and a half now... All is not well in Euro-banking land, despite what the ECB has been telling you.

We are face to face with the classic "who do you trust" situation, where the company who caused the problem is tasked with fixing it. With the full support of the authorities no less. Who can we believe? And should we?

Chaos ...

Don't be surprised if Microsoft is the one to pull to the lead of the smartphone wars! There's something to be said for being the de facto enterprise standard in productivity, a top server vender, the majority market share in browsers, and owning one of the top gaming platforms. Plus, now their motivated due to Apple and Google taking their lunch money.

They call the yellow metal the barbaric relic for a reason. Obama has not suddenly turned into a paragon of fiscal rectitude, and Ben Bernanke still has the keys to the printing presses. Politicians of both parties see the only way to win elections is to inflate. The output of gold has fallen by 12% annually for the past decade, compared to a doubling of production costs to $500/ounce. Barrick Gold (ABX) isn’t opening a new mine at 15,000 feet in the Andes because it likes the fresh air. (GLD), (UGL), (ABX).

This could get interesting. A disgraced Central Banker. What a novel idea.