Archive - 2014 - Blog entry

A losing bet for the rest of us...

Politicians, Media and Wall Street May Be Trying to Hide the Size of the Gap

There, standing on the brick sidewalk on the corner of Bryant and University Avenues was a person unlike any I had ever seen before.

People blame human nature as the source of our global problems, but they rarely see themselves as part of the problem. And yet there they are, smack dab in the middle of the mess, demanding someone else clean it up.

It’s amazing to watch, particularly when you consider that it is now public information that Draghi actually didn’t have a plan when he first claimed this and is effectively making up policy on the fly.

The return of  the Statist Fascionistas...

David Cameron warned last night that the global economy risked another crash and said in an article that 'red warning lights' were 'flashing on the dashboard of the global economy' and the eurozone was 'teetering on the brink' of another recession.

Our industry has lost a legacy creator. May he Rest in Peace.

A little more than a year ago, I did a post with a typically subtle headline: "Why Google Glass Will Fail Miserably". Well, this just appeared in Reuters, and although its headline isn't as blunt as mine, the article pretty much states that Glass is every bit the flop I predicted it would be. So there.

"I did not mislead Americans..."

This process is not over, not by a long shot. As anyone who invested during the Peso crisis or Asian crisis can tell you, when carry trades blow up, the volatility can be EXTREME.

If there were no puppet masters in Washington DC or the Kremlin, what would happen next week?  

Some may herald the new ISIS coins as the successor of the dollar.  Fat chance.  It may not be fiat money, but is still not viable currency outside of where ISIS rules by sword.  

Wondering where all the Russian gold is coming from? Stop looking and start reading...

Brace yourselves, the zero sum game is on like Donkey Kong.