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May 2010



OMG...The Dollar!

May 26, 2010 – Comments (5)

I get questions from time to time emailed to me and while most are inane (no, I'm not going to help any Nigerian heiresses get money out of the country), I got a good one last night and thought I'd share my response in case others have the same question.

The Q
I have a question for you. As you know, many people are worried about the value of the dollar falling. The response to that is, “Relative to what?” The euro and the yen have similar issues, and the yuan is pegged to the dollar. What’s your response to investors who are worried about the dollar falling?   [more]



"They spend their time looking for irrational sellers."

May 20, 2010 – Comments (2)

A fabulous collection of notes from a recent Seth Klarman speech on our Liquid Lounge board. Among other interesting points, Klarman reveals this about his group:  [more]



Today's Must Watch Video

May 20, 2010 – Comments (3)




China's Banking Crisis...Solved!: A Bibliography

May 20, 2010 – Comments (0) | RELATED TICKERS: CHL

I hope folks read and enjoy today's Global View column. If you're interested in wading through some of the source materials, you can find the links below:  [more]



Michael Pettis Predicts China Stock Market Rally

May 18, 2010 – Comments (3)

The math is pretty simple. Let the banks keep lending, but shut off the ability to speculate in real estate. That money has got to go somewhere.  [more]



Even with inside info, US politicians can't invest

May 18, 2010 – Comments (0)

I've got to say, while I enjoyed this jeremiad from Rich Smith about the ability of elected politicians to trade on insider information regarding policy moves, my partner in crime over at Global Gains Nate Parmelee rightfully pointed out that even with that inside information, the pols Rich is railing at here made some pretty crappy trades. Here;s one of Rich's examples:  [more]



Does China Beat Its Wife?

May 12, 2010 – Comments (5)

China's Vice Minister of Commerce, Fu Ziying, had some interesting thoughts about China's role in Africa according to The WSJ. This is probably my favorite part:  [more]



The Dam Government

May 11, 2010 – Comments (3)

As governments around the world continue to try to actively make the economy better, I was reminded today of just how inane the government can be. For your reading please, the case of Michigan v. The Beavers -- when the state threatened beavers with a $10,000/day fine for building a dam without a permit. Good times.




Open Thread: Your Favorite Hangover Remedy

May 11, 2010 – Comments (18)

Let's just assume recent market volatilty is driving you to drink and that you've recently overimbibed. What's your remedy of choice? Let me know in the comments!



What the Mother of All Bailouts Means for Investors

May 10, 2010 – Comments (5)

In an incredible weekend development, the EU has established a near $1 trillion bailout plan for the entire European continent in the hopes of preventing a string of sovereign defaults. Stocks are rocketing up on the news, making it a nice day for those of us who believed all along that Europe would ultimately step up to defend the euro and therefore that stocks in countries such as Portugal and Greece were largely oversold.   [more]



Bibliography: Why the US Is Worse Off Than Greece

May 06, 2010 – Comments (1)

In case this week's Global View column got your attention, here are links to some of the primary sources used for your further reading:  [more]



The Inverse Relationship Between Media Content and Media Size

May 06, 2010 – Comments (2)

So I was on WTOP radio this morning, which is the #1 ranked news station in DC. In other words, it's a pretty big media hit.  [more]



The Moral Life of Babies

May 06, 2010 – Comments (2)

I enjoyed this article in The New York Times Magazine about how babies are born with some innate sense of morality. The intro got me hooked:  [more]



Why Taser is a Crap Investment

May 04, 2010 – Comments (18)

I generally try to focus on foreign stocks on this blog, but I realize I haven't posted my Taser rant here. Given the news today that security tased a Phillies fan as he ran on the field last night, now seems like a good time to do so.  [more]

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