Archive - Jun 2011 - Blog entry

For investors and risk managers, the legal and sovereign risk illustrated by the Tropp v. the Corporation of Lloyd's litigation boggles the mind. If the Tropp petition is denied by the US Supreme Court, can any US individual, fund or fiduciary invest in Lloyd's with confidence?

Is history repeating itself in Africa?

"But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries."

- David Rockefeller, Bilderberg Meeting 1991

“…through thousands of years of Chinese history, I know no example where outside pressures about the domestic structure of China produced domestic changes in, in [cq] China. ...”

As we all know, it is usually impossible to predict the future...

Tastes fine, and saves on lighting bills!

I hope not! But ignorance is not bliss ...

The down leg of the “V” is well underway. When does the up leg begin, and when should we start positioning for it? Toyota’s Motor’s stunning year on year decline in domestic sales of -69%. Quantitative easing nearly triple the Federal Reserve’s own recent QE2 efforts on a per capita basis. GDP growth as high as 3% in 2012, taking it to the top of the pack of developed nations. (EW), (FXY), (YCS), (TM), (NSANY), (FANUY), (CAJ), (KMTUY).

The trading gods have blessed us with an opportunity to print money like the big boys. Jump in you are missing out on all of the fun.

Most commodity ETFs are just clever ways to screw retail investors into taking delivery of whatever hedge funds are dumping...

It's the year 2011...The actor Charlton Heston is long gone

We hosted Tiger Management’s John Townsend at the Grandover Resort in Greensboro yesterday evening, for CFA North Carolina’s Annual Meeting. Member feedback suggests it was our best yet.

What could possibly go wrong when a post-industrial town mortgages itself and (its future) to the hilt for a new Soccer Stadium?

The near 100% equity run up at the height of the correction was easily seen by my and my staff, but I severely underestimated the breadth and depth of this synthetically contrived, central bank centrally planned, bear market rally (which is essentially what has been called a "recovery" of late).

Big shots with big money can do as they wish. They can do it tax free. Only in America.