Blog

This morning, Yahoo!Finance reports that Bloomberg reported that almost $1B has been withdrawn from USO, the biggest U.S. exchange-traded fund that tracks the price of oil, over the past couple of months . The article makes two points that are both...Read more

Bill Gross has made a call to short the German Bund and in doing so has called up memories of the greatest trade of all-time - Soros' Breaking the Bank of England. I largely agree with Gross' fundamental outlook on the Bund. But what really...Read more

It was 12 years ago last week the US sent troops to fight in Iraq. What do we know now about the war that we didn’t know then? It will ultimately cost many multiples of the $50B that was originally estimated. Currently, the tab is $1T and that is...Read more

It was three years ago this month, that Larry Blankfein made the claim that “goldman was doing God’s work”. Which is an interesting thing for someone to say who was raised Jewish and presumably has some knowledge of the Torah. Because the Torah is...Read more

I reluctantly watched Ron Paul’s interview on Porter Stansberry’s site. For years I’ve mistakenly hit on links to Stansberry’s site with some irresistible teaser just to be terribly disappointed when it became clear that whatever information was...Read more

He who loves money will not be satisfied with money... - Ecclesiastes 5:10 - For nearly 70 years, the US economy ran relatively smoothly without a signficant hitch from the banking sector. Aside from a few S&L's that got sideways in the 80's,...Read more