Archive - Feb 22, 2011 - Blog entry

Brought to you by the Banzai7 Observatory on Mt. Polar Bear...

In essence, the opportunity to enact austerity and fiscal restraint passed a long time ago.

If you can’t beat ‘em, join ‘em!

Investors involved in the equity markets often pay close attention to which stocks the prominent fund managers in the market are buying and selling every quarter when 13F filings begin to roll in. These reports provide insight into how the brightest investing minds and most successful money managers are currently investing their money and shed light on any big bets being made by these "gurus".

BiTCHeZ!

As if the world is not complicated enough. Now we have to go to war with pirates.

Is the ECB ready to admit the potential failure of the Great Global Macro Experiment? What will an increase in interest rates bring? Prepare for global cap rate expansion and the potential equivalent for the first global real estate depression...

GBPUSD has become firmly entrenched in the Strong Long zone, at the time of writing this we're seeing GBPUSD pull back from the highs, the bias for this pair does however remain to the long side overall. We have some market moving events including UK Public Sector Net Borrowing at 04:30 EST and US Consumer Confidence at 10:00 that could potentially add some spark.

The following are my exclusive notes from a presentation by Oaktree Capital's Howard Marks. In the presentation, Marks held an extensive discussion of Oaktree's investment strategy and answered questions on his views on gold and fraud in the financial system. Needless to say, there were many nuggets of wisdom for all investors.

The last time the oil price lost touch with gravity, which it threatens to again with the price of Brent crude now well north of $100 a barrel, it helped tip the world economy into the deepest recession since the 1930s. Is history about to repeat itself?