Blogs

The Trumpian Fox has entered the Populist Henhouse, not so much by stealth but as a result of Middle America's misinterpretation of what will make America great again. Not having voted for either establishment party's candidate, I write in amazed, almost amused bewilderment at what American voters have done to themselves.
As we have predicted for some time, central bankers are doubling down on the madness that has failed to achieve economic lift-off. It is no surprise to us that easy money has not stimulated growth. There was never any reason why it should. It reminds us of trying to force hay into the wrong end of an elephant.

To say that it is time for the Federal Reserve’s Open Markets Committee (FOMC) to raise interest rates later today would be almost meaningless at this point.

Billionaire Crispin Odey recently released a management letter to his hedge fund clients praising gold and explaining gold products constituted the next, great investment wave.
It's a fine time for the equities markets when there's nothing but more stimulus and lower rates every 24-hour news cycle. The Dow is well above 18,000, and the S&P 500 is sitting at nosebleed levels at 25x earnings. Meanwhile, deeper insight on alternative investments is fleeting.
Here are the top quotes and lines from the alternative investment space on Wednesday, Aug. 3.

"The greatest bullfighter of all time, Manolete, was gored to death by a Miura bull, an event that left Spain in a state of shock in 1947.

It’s been a while, old friend. Summer has fueled a remarkable amount of editorial demands, and we have advanced on our latest issue of Modern Trader. In this month’s issue, we tackle the Cult of Tesla Stock.
The FTSE advantage? Whattaya nuts? The Cassandra’s told us that in the wake of the UK Brexit decision to leave the European Union there were going to be major, indeed very major, problems for the United Kingdom.
“…a Bermuda-based reinsurer whose investment portfolio is run by Loeb, is cutting its management fee to 1.5% per year from 2%...” That’s Barrons talking about a decision by activist investor Dan Loeb’s Third Point to reduce fees for one of its funds. The Third Point Reinsurance--a retail vehicle--has slashed its management costs by 25%.