We first used the inglorious French Phrase Force Majeure last March.
We looked ahead of then dismal economic stats.
We saw the liquidity created by trillions of Fed Treasury monetary stimulus borrowing programs and government fiscal legislative acts mortgaging the future.
For a year we excused unfunded Agency mandates totaling some $104 Trillion and another $204 Trillion of [...]
Heck of an Asset Inflation We’re Not Having Brownie…
You don’t get to be head of the Fed without being a pretty darn good poker player, bluffing with a straight face you are not tightening, while in fact you are.
Nowhere was this more evident today than with 90-Day Treasury Bills, which today hit Six-month highs at [...]
Recent strong earthquakes in Haiti, Chile and Turkey reminded us famed trader Jesse Lauriston Livermore shorted 5000 shares of Union Pacific on Tuesday 17 April 1906 in his hey day.
That was the day before the famous 5:12 AM San Francisco 8 magnitude 42 second Earthquake.
3000 people lost their lives. 300,000 people were homeless, camping out [...]
Aloha all.
Friends and family, have Courage and Be of Good Cheer, for these are the times that may try men’s souls.
The markets are divided. This is nothing new under the sun.
We have long had Producers, Speculators and those in between.
Is this the first time in recorded history speculators slammed economy, people and producers with considerable [...]
One of the best trackers in the world is Tom Brown Jr.
He wrote book with his passion and talent and runs a Tracker school.
http://www.trackerschool.com/
Good trackers learn to pay attention to context, landscape, tracks and spoor.
Spoor may include tracks, scat, feathers, kills, scratching posts, trails, drag marks, sounds, scents, marking [...]
We always enjoyed the Old English Proverb:
Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime. Knowledge is the best charity.
This was attributed to Christ, whose followers actually said:
If a man will not work, he shall not [...]
Now that deflating markets have our attention, what may be next?
Right on the heels of contrary opinion sangfroid fading the headline extremes, we note some economic situations and market trends that may be unlikely to go away anytime soon.
First is US bank lending falling at the fastest rate in history.
The money multiplier is at a [...]
Whether we like it or not, we are always in one market or another, whether it is cash, credit, food, homes, paper or things. As we have learned of late, markets do not move in a straight line, nor do they guarantee returns.
The late great international mutual fund manager Sir John Templeton, who survived and [...]
Washington, Jefferson and Lincoln warned US about our greatest challenge today.
After all, they lived through the war inflation of the Continental and Greenback. Two of them lived to see the depression caused by inflation.
Yet many serious people today still believe hyperinflation will wipe out all debt and clean the slate for reset and rebooting the [...]
Washington and Lincoln had their Anniversary Days merged, and Jefferson never got one. It’s well worth recalling what they said to guide us today. Never was their acute vision more relevant than now. The language and elocution, although less accessible than today’s pop styles, become comprehensible like Shakespeare with a enough time dedicated to reading [...]
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