Archive - May 9, 2011 - Blog entry

Is the pension gap about to explode?

All of the man made physical reality that surrounds us began in our mind, in our inner consciousness, and only after we imagined it did we form it into a physical presence. Yet we rarely question what ‘real’ and ‘reality’ actually is.

Odds and ends for a Monday.

The whole "hopey change" thing has fizzled ... time for a new (ancient) playbook.

Speaking of spending money we don't have - $23Bn of POMO money will be handed out to the IBanks in the first 3 days of the week as the Government props 'till we drop.

Liar, conniver, screwdriver...

When I say that much of the EU is lying about their financial prospects and Greece (among other countries) will restructure or default, you may or may not listen (quite possibly to your detriment). When the ratings agencies (who are always accurate and timely) say restructuring is on the horizon (a year after me) and the head of the Euro-zone finance ministers finance ministers outright says 'Of course we're lying', then what do you do?

With all eyes on the commodity sell-off, none of the popular media carousel (except for Zerohedge) was mentioning the euro crash/ dollar rush. This smells like a dollar short squeeze to us: a paradigm shift?

Data sheets and journals for S&P 500, Dow Jones, Nasdaq, Russell 2000, Nymex Crude Oil, Comex Gold, EURUSD, GBPUSD, USDJPY

Didn't make it to Pasadena this year for the Value Investing Congress? Well, you are in luck because I was fortunate enough to attend and take notes on what was said by great investors such as Howard Marks and Steve Romick. The following are my 70+ pages of notes from the event.

Release the Kraken!

"So of course he would defend torture - he's trying to keep his behind out of the defense chair at a war crimes tribunal." ... "They have, from the beginning, been trying to prevent an investigation into war crimes."