Archive - 2011 - Blog entry

Talk about another internet bubble. New York Times broke the news that not only Facebook is valued at $50 billion (more than Time Warner, Baidu, and twice the market cap of Dell), but also Goldman Sachs is involved. This most likely means something frothy is brewing.

Irony ...

Is America starting to wake up?

In plain terms, the markets are officially on “borrowed time.” The three key charts for determining when things get ugly again are the Euro, US Dollar, and long-term US Treasuries. At some point one of these is going to breakdown in MAJOR way. When it does, it’s going to drag us back into Crisis mode

The Chinese economy is heading toward an economic hard landing; it will overshoot to the downside and become the economic Black Swan event of 2011-2012. Inflation, yes both types, will be the story in China in the coming months.

The futures are so bright, we have to wear shades this morning.

Those shades would be blinders, like we put on horses to keep them from being distracted by reality while they race forward...

Hidden tax ...

Free market?

As of right now, there are not a lot of places to go for the skinny on things such as this Facebook investment (or BPSV, not special purpose vehicle but "Bonus Pool Support Vehicle"), at least in my not so humble opinion.

Watch which numbers they are selling you.

Does the low VIX indicate overcomplacency in the market or is it a shift into a low-vol regime?

Perhaps you believe that integrating our economy, our currency and our government with the rest of the world would be a wonderful thing. If that is the case, please feel free to leave a comment explaining exactly why globalism is such a wonderful thing for all of us....

If you think Gold's 30% gain last year is impressive, one base metal--Copper--even outshined the precious metal by rallying 33% on the year. After a short cover rally in Dec., looking ahead into 2011, the price direction of copper will likely still hinge on supply, and mostly China demand, but it also depends on a couple of new market factors emerged just within the last year or so.

The most powerful force in the universe is the seed of an idea that is embodied and made real, first in our minds and then with our hands. Often the cost of implementation is minor except for the activating ingredients, those most precious and rare elements called imagination, inspiration, initiative and leadership.

Here are my 10 most favorite/important articles from 2010, all of them are still relevant today.