May 15, 2012 - Quote of the Day
?I view Euro as a doomsday machine,? said a European economics professor.
Entries by DougD
The Tip of the Iceberg
JP Morgan (JPM) just gave us the preview of the next financial crisis. A surprise, hidden $2 billion trading loss in esoteric foreign derivatives at on offshore branch by America?s premier bank is exactly what the markets did not want to hear right now. The London whale has beached itself. Although no one has mentioned
May 14, 2012 - Quote of the Day
?Republicans and Democrats won?t engage in any kind of austerity because there is no consequence for the fiscal profligacy they are allowing today. With the Fed taking 60% of the Treasury?s bond issuance they are pulling the policeman off of the freeway so everyone can keep speeding. Until the bond market moves, you are not
Special Note to Australian Readers
Readers of the Diary of a Mad Hedge Fund Trader down under are welcome to join the online ?Secure the Future? conference which I will be participating in through the miracle of the Internet. My friend, Greg Owen, created this organization to educate investors in the opportunities available in international markets by bringing in industry
Why is Gold Broken?
Gold bugs are puzzled by the recent collapse in the price of the barbarous relic. Physical demand has been outstripping supplies for some time now and threatens to reach all-time highs. Demand for 100 ounce gold bars by the 1%?ers is as high as it has ever been. Negative real interest rates for almost all
Oregon Becomes the First All Electric State
As of this week, Oregon will become the first state to complete a chain of charging stations that will enable electric cars to travel from one end of the state to the other. It completed the last of eight 440 volt fast charging stations that allow travel for the full 310 miles on the beaver
May 11, 2012 - Quote of the Day
?A rich guy never has to pay for anything?, said Berkshire Hathaway?s Warren Buffett, about his friends? practice of giving him free ties to replace his old, battered ones.
Check Out (HDGE) to Limit Downside Exposure
While scouring the markets looking for great ways to participate in the current slide in the equity indexes, I discovered a real gem. The Advisor Shares Active Bear ETF (HDGE) offers a rifle shot at the true garbage in the market, low dividend companies with deteriorating fundamentals. Run by former Bass Brothers associate Brad Lehmansdorf,
An Afternoon With FBI Director Robert Mueller
I immediately recognized Robert Mueller as the kind of no nonsense, fellow ex-Marine, Vietnam Vet that he was, the kind of officer who used to rip your guts out for disobeying a direct order, which in my case was frequently. President Obama thought this was the man you want for your Director of the FBI,
May 10, 2012 - Quote of the Day
?The policies that we followed since the great crash of 2008 have been pretty darn good. It would be nicer if GDP were galloping at 4% or 5%. But we have had a complete resuscitation of the banking system. We?ve had the economy come back in a very significant way in all cases, except residential