Archive - 2013 - Blog entry

I have a business I would like to sell you. Let’s run over the numbers first. First and foremost, I have to be honest, this business has not implemented a budget in five years. I know that seems like an insane way to run a business, but I can assure you that management is comprised of highly intelligent, ethical people.

Radiation Levels Will Concentrate in Pockets at Certain  West Coast Locations

What you won't find anywhere else. Trust me, I've looked...

Dept. of Defense on Irregular Financial Warfare

Apple announces after the market close today. For my subscribers, I believe true valuation hovers around my base case scenario from the last Apple update.

What Obama cares about most...other than his mirror.

Supermarkets, healthcare and education are next in line for technological upheaval. We look at the best ways to profit from upcoming changes.

Hypocrisy as a Weapon

Bernanke couldn’t stomach this kind of deleveraging. The reason is simple: those who have accumulated great wealth as a result of this system are highly incentivized to keep it going. Bernanke doesn’t talk to you or me about these things. He calls Goldman Sachs or JP Morgan. 

Blazing Scheisse!

Of course, the "relentless" rise hasn't been for two months this time.......it's been for nearly five years. And I can tell you, reporting directly from the heart of the Silicon Valley, the zeitgeist around here is 1999 and 2007 compressed together and supercharged.

All bets are off.

By keeping interest rates near zero, the Fed has been hoping to push investors into the stock market. The hope here was that as stock prices rose, investors would feel wealthier (the “wealth effect”) and would be more inclined to start spending more, thereby jump-starting the economy. This has not been the case. Instead the entire capital market structure has become mispriced.

Already, the Chinese have stopped accumulating dollars - preferring safer currencies, infrastructure, hard assets and commodities and of course gold. Even a small amount of Chinese selling  could lead to substantial dollar weakness and much higher bond yields plummeting the U.S. into another recession.

Nothing further needs to be said...