Ben basically said he would offset anything that the administration and congress implements. No doubt he will try and in the process he will broadly increase the long term risks in owning any kind of asset. My view trys to…Continue Reading →
I imagine that you once in a while read an opinion piece and think, why didn’t I think of that. Anyway yesterday’s column by David Brooks in the NYT hits the nail on the head in my opinion. http://www.nytimes.com/2013/02/26/opinion/brooks-our-second-adolescence.html?smid=pl-share
Will Bernanke cave in to Congress again, or will he call a spade a spade. All of you know well that I believe Bernanke has made the problem much worse with QE2, QE3, and whatever you call the version we…Continue Reading →
The stock market is finding a good shield for the moment, the Blame Game. Republicans and Democrats continue to accomplish nothing on the sequester but the market does not believe that Washington will trigger something bad, we will see. Yen…Continue Reading →
Congress is coming back on Monday and have little red and blue magnets in their pockets. These magnets will keep them from getting anything done. Here is what wikepedia says: Magnets exert forces and torques on each other due to…Continue Reading →
A week ago we covered our long standing short T-Bond position and sold our long dollar position. At the same time we held our short stock and short gold positions. Since then, stocks are up 0.4 %, the dollar is…Continue Reading →
That is what the headlines say this morning. This has been the biggest worry of the market so now we are seeing the blowoff rally. If you believe that the Republicans are giving up you should not be reading this…Continue Reading →
is now behind us. The markets can go back to reality. Back to Washington where neither side has the guts to do a big deal. Obama is the only one who could. He does not have to face the voters…Continue Reading →
What does that mean. We are short the stock market and made our final move out of short T-Bonds to short stocks yesterday and are holding our short gold / core deflation position taht goes back to September 2011. Basically…Continue Reading →