Archive - Jul 2010 - Blog entry

The overt-optimism in deficit forecasting and the wishful extrapolation of growing GDP may score a few points with voters in the near term, but you tend to pay for it in spades in the end. We gave explicit warnings concerning the optimism in the British forecasts, and those warnings have proven to be quite prescient.

Ben Bernanke and Alan Greenspan are in denial, still don’t understand the Fed’s role in creating the credit bubble, and until they do, investors have no reason to trust in paper currencies. You should be restructuring your portfolio to reflect the ongoing economic decline of the West and the rise of the East. Central banks have cut their holdings of the greenback from 70% to 65%, and we could be on our way to 50% or lower. An exclusive Hedge Fund Radio interview with Adrian Day of Adrian Day Asset Management. (UDN), (CYB), (EWZ), (GFA), (EWS), (FCX), (CORN), (POT), (PHO), (AINV), (ARCC).

Last week’s market rally, in which the prior week’s carnage was reversed, occurred without any major economic or market news and blunted talk of a double-dip recession. What will occur over the next several weeks, however, is a string of major earnings releases with little margin of error, owing to a consistent ratcheting up of expectations in 2010.

Do you think this will work? I am not sure, but willing to try.

A little-known fact which is key to the entire oil spill story ...

Cover it up boys, so no one knows how badly we scr*w!d up...

"The short story is that a 2019 go-broke date for New Jersey pensions seems very reasonable."

A 3 minute historic overview of Google: The Most Powerful Company in the World?

The market valued Tesla Motors at an impressive $3.3 billion, with virtually the entire auto industry and its pet analysts pissing all over the deal from the greatest height possible. Applies IPO comes to mind. What happens when Obama’s massive electric car subsidies disappear? Oh, and Elon, don’t tell a divorce court that you’re broke a week before the market values your holdings in TSLA at $2 billion. Will Tesla will be joining the Tucker, the DeLorean, and the Pontiac in the dustbin of history.(TSLA)

From next January increases in UK's private pensions will be linked to the Consumer Price Index (CPI) instead of the Retail Prices Index (RPI). Ministers insist the switch in the way annual pension increases are ­calculated was a technical change that would have ­little impact on incomes. But a backlash is spreading among pensioners, savers and experts who say it's another covert raid on the savings of Middle Britain.

Nice stuff ...

D'oh!

This is an excerpt from part two of a multi-part series on the companies vying for dominance during the 3rd major paradigm shift in personal and enterprise technology over the last 30 years. This one will be a biggie (not smalls) and promises to create an investment behemoth out of the winner and relegate the losers to relatively niche markets. This is saying a lot considering the size of the companies participating in the battle for the pole position. I created this series to provide a truly objective, truly informed, and truly analytical (from an empirical perspective) knowledge source on this very important intersection in personal computing and distributed media.

The ten year Treasury bond yields we saw at a stunning 2.91% are telling us that the government can borrow nearly infinite amounts of money at the lowest interest rates in history. The expiration of the Bush tax cuts next year and recovering economy will bring a return of tax revenues, eliminating 79% of this year’s deficit, even is Obama does nothing. This is the writing on the wall the bond market is attempting to focus our blinkered eyes on.

I have no clue what this is about. But it is interesting.