My take on the commodity supercycle zeitgeist...and the rise of the precious metals, uranium (just bottoming,btw) and alternate energy. Get ready for peak everything, the repricing of the planet and "black swans" all over the place...
The combination of massive fiscal stimulus and a monetary policy set to "full flood" did a lot of the heavy lifting but the real kicker was a flood of "hot money" driven by a carry trade by investment banks flush with bailout money looking for a yield...
Hat Tip to Duncan~ Great find.
The late Jesse Livermore is considered one of the best traders of all time. His exploits have been chronicled in several books, with the most widely read being Reminiscences of a Stock Operator by Edwin Lefevre,...
Taleb soars over pompous journos, the clueless predictions of economists and a politician called David. Not to be missed.
The idea that All swans are white" was held to be true, in all possible worlds until black swans were found in Western...
If you want to understand why Congress seems completely incapable of checking the power of Wall Street, look back to a hearing on the Hill last October 7, and the subsequent events surrounding it. On that day, the House Financial Services Committee...
Kenneth Davidson has been one of the most consistent voices for sensible economic analysis in the Australian media for decades now (another I’d give a similar accolade to is Brian Toohey), and he’s written a brilliant piece in The Age and The...
