Global Market Comments
November 29, 2017
Fiat Lux
Featured Trade:
(STOCK POP, BANKS ROCK),
(BAC), (JPM), (GS), (MS), (WFC),
(PRINT YOUR OWN CAR),
(TESTIMONIAL)
I can't tell you how much I enjoy your blog. It is the first place I go every morning and I miss you on the weekends.
I stumbled upon your site about 4 months ago and have been addicted to it since day one. I really appreciate not only your insight into the markets, but also your global and historical perspectives.
All of this served up with your great sense of humor makes it a must read! Thanks for all your hard work.
Chip
"You make the most money when things go from terrible to only bad." said Tim Seymour of emerging market hedge fund, Triogem Asset Management.
Expect to hear a lot about ignition in the next year. No, I don't mean the rebuilt ignition for the beat up '68 Cadillac El Dorado up on blocks in your front yard.
I'm referring to the inauguration of the National Ignition Facility next door to me at Lawrence Livermore National Labs in Livermore, California.
Mention California to most people, and images of love beads, tie died T-shirts, and Birkenstocks come to mind. But it is also the home of the hydrogen bomb, which was originally designed amid the vineyards and cow pastures of this bucolic suburb.
The thinking at the time was that if someone accidently flipped the wrong switch, it wouldn't blow up San Francisco, or more importantly, Berkeley.
The $5 billion project aims 192 lasers at a BB sized piece of frozen hydrogen, using fusion to convert it to helium and unlimited amounts of clean energy.
The heat released by this process reaches 100 million degrees, hotter than the core of the sun, and will be used to fuel conventional steam electric power plants.
There is no need for a four foot thick reinforced concrete containment structure that accounts for half the construction cost of conventional nuclear plants. The entire facility is housed in a large warehouse.
The raw material is seawater, and a byproduct is liquid hydrogen, which can be used to fuel cars, trucks, and aircraft. If this all sounds like it is out of Star Trek, you'd be right.
I worked with these guys in the early seventies, back when math was used to make things, and before it was used to game financial markets, and I can tell you, there is not a smarter and more dedicated bunch of people on the planet.
If it works, we will get unlimited amounts of clean energy for low cost in about 20 years. Oil will only be used to make plastics and fertilizer, taking the price down to $10 for domestic production only.
The crude left in the Middle East will become worthless. Lumps of coal will only be found in museums, or in jewelry, its original use. If it doesn't work, it will melt the adjacent Mt. Diablo and take me with it.
If you don't get your newsletter tomorrow, you'll know what happened. Now what is this switch for?
Global Market Comments
November 28, 2017
Fiat Lux
SPECIAL INFLATION ISSUE
Featured Trade:
(THE GREAT INFLATION HEDGE YOU'VE NEVER HEARD OF)
"Bonds are priced artificially because you've got some guy buying tens of billions of dollars worth a month. That will change at some point, and when it does, people are going to lose a lot of money." said Oracle of Omaha, Warren Buffett.
Global Market Comments
November 27, 2017
Fiat Lux
Featured Trade:
(MARKET OUTLOOK FOR THE WEEK AHEAD, OR THE GREAT ONLINE MIGRATION HAS BEGUN),
(AMZN), (BBY), (SOXX),
(WILL YOUR HOME SURVIVE THE TAX BILL?),
(IYR), (DHI), (LEN), (PUL)
Global Market Comments
November 24, 2017
Fiat Lux
Featured Trade:
(MAD HEDGE WEBINAR Q&A FOR NOVEMBER 22, 2017),
(VIX), (VXX), (GE), (GILD), (GS), (JPM), (WFC), (TLT), (GLD), (ABX), (GDX), (AAPL), (UUP), (DXJ), (SQ)
"I only invest in beer drinking countries, never wine drinking countries," said Ben Horowitz, co-founder of venture capital firm Andreeson Horowitz.
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Global Market Comments
November 22, 2017
Fiat Lux
Featured Trade:
(TRADING THE KENNEDY ASSASSINATION)
