The Great Ethanol Boondoggle

One of my biggest disappointments with the Obama administration so far is his continued support of the ethanol boondoggle. The program was ramped up by the Bush administration to achieve energy independence by subsidizing the production of alcohol from domestically grown corn. Add clean burning moonshine (yes, it’s the same alcohol, C2H5OH), whose combustion products […]

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February 16, 2012 – Quote of the Day

“When you talk to private clients, they are nowhere near putting money into equities yet. You can’t even get them to understand dividend growth, let alone buying equities, because they are still worried about losing money. People are going to be very emotional. This is going to be a year of volatility until proven otherwise,” […]

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Trade Alert – (BAC) Update – February 15, 2012

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

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Trade Alert – (BAC) February 15, 2012

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

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Trade Alert – (SDS) February 15, 2012

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

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Join Me on the Queen Mary 2 for My Seminar at Sea – July 11, 2012

Come join me in the grand appointments of the Cunard Line’s flagship, the elegant and spacious Queen Mary 2, on an eastbound transatlantic cruise. The Ship departs New York at 5:00 PM on July 6, 2012 and arrives at Southampton on July 13. There I will be conducting the Mad Hedge Fund Trader’s Strategy Update, […]

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Industries You Will Never Hear From Me About

The focus of this letter is to show people how to make money through investing in fast growing, highly profitable companies which have stiff, long term macroeconomic winds at their backs. That means I ignore a large part of the US economy whose time has passed and are headed for the dustbin of history. According […]

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February 15, 2012 – Quote of the Day

‘If you can get a dividend higher than the yield on ten year debt, it’s an opportunity we haven’t seen in our lifetime. On a five year horizon, investing in large multinationals with high dividends will have a large payday’ said Lawrence Fink, CEO of Black Rock.

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Trade Alert – (FXY) Update to February 10, 2012

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

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Global Trading Dispatch Hits 64%, 11 Day Home Run On Yen Short

When I covered my short position on the Japanese yen on Friday, it was not because I suddenly fell in love with the Land of the Rising Sun, began each day with a Zen meditation, started eating sushi three times a day, or initiated writing this letter from a hot tub. It is because followers […]

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Here Comes the Next Peace Dividend

When communications between intelligence agencies suddenly spike, as has recently been the case, I sit up and take note. Hey, do you think I talk to all of those generals because I like their snappy uniforms, do you? The word is that the despotic, authoritarian regime in Syria is on the verge of collapse, and […]

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February 14, 2012 – Quote of the Day

“Banks have turned into gigantic gambling institutions. You never know what you own. I wouldn’t touch them if you pointed a gun to my head,” said legendary hedge fund manager Bill Fleckenstein on Hedge Fund Radio. Click on my “Podcast” page above to hear the interview.  

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The Real Estate Market in 2030

A number of analysts, and even some of those in the real estate industry, are finally coming around to the depressing conclusion that there will never be a recovery in residential real estate. Long time readers of this letter know too well that I have been hugely negative on the sector since late 2005, when […]

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Who Says Hedge Funds Aren’t Adding Value?

According to my old friend, Rick Sopher, chairman of LCH Investments in London, the top ten hedge funds have earned $153 billion for their investors since inception. Rick, who runs his business from an elegant flat on posh Eaton Square, compiled the list after a comprehensive survey of the still operating 7,000 hedge funds worldwide. […]

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China’s Long and Winding Road

I spent the evening speaking to Gao Jie, a Beijing civil judge who left the bench to join China’s growing environmental movement when her kids came home from school one day coughing and wheezing. You only have to inhale in the capitol city these days to understand that they have a huge problem there. One […]

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