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Archive for April, 2009

Gold Hedging Choices

Thursday, April 30th, 2009, by

I may be a bit premature on my move into inflation hedges. My singles tennis partner is a whip smart energy trader, and he expects the mildly deflationary economy to last several more years before the turn to inflation. Either way, his call or mine, inflation will return.  It’s just a question of when. For […]

Fabius Maximus

Wednesday, April 29th, 2009, by

(Technical note: Apologies for skipping a post yesterday. BJM underwent a server upgrade which ran into some issues and delayed our ability to post for 48 hours.) Fabius Maximus From Wikipedia: Quintus Fabius Maximus Verrucosus Cunctator (ca. 280 BC–203 BC), was a Roman politician and general, born in Rome around 280 BC and died in […]

The Bigger They Are…..

Monday, April 27th, 2009, by

I’m not licensed of qualified to offer medical advice.  But I can offer my personal opinion on the best pain reliever available. Not the reliable standbys like Darvon or Vicodin. Plain old Schadenfreude. It’s no fun taking pleasure in the misfortunes of the unemployed or foreclosed.  That could be, or has been, or will be […]

Two Roads to Dynastic Wealth, Part III

Friday, April 24th, 2009, by

Here’s a riddle worth solving. How can real estate qualify as one of the two perpetual sources of family wealth, now that reckless real estate lending has crippled the global economy? There are two prisms through which we can examine real estate: Single family housing versus income producing real estate Private ownership versus Wall Street […]

Two Roads to Dynastic Wealth, Part II

Thursday, April 23rd, 2009, by

The salvation of our economy is not the money being shoveled out the door by our feckless government. And it’s not the politically well connected banks and declining legacy businesses scooping up all this ill-begotten money. No. Our dynamism is a function of the vast constellation of small, entrepreneurial, family owned businesses. This is the […]

Two Roads to Dynastic Wealth, Part I

Wednesday, April 22nd, 2009, by

You have no doubt heard the old maxim: “Shirtsleeves to shirtsleeves in three generations…” This should not come as a big surprise to anyone who studies family dynamics.  The penniless immigrant scratches out a marginal existence so that the next generation can earn intellectual capital and go on to create substantial wealth. So that the […]

The Comeback of the Uptick Rule

Tuesday, April 21st, 2009, by

A Short History of Short Selling…. We had a circuit breaker in place all the way through 2007. Two in fact. 1. The first rule was that you could not sell a stock short unless you had first borrowed the funds. This was designed to prevent “naked shorting” i.e. selling what you never owned or […]

Leading or Lagging?

Monday, April 20th, 2009, by

Have you had the impression recently that our economy is on the couch, exhibiting full bi-polar, manic-depressive tendencies? This is a result of the three types of indicators use to measure our peak-to-trough market cycles: Leading indicators precede the cycle Coincident indicators occur simultaneously with the cycle Lagging indicators are always a day late and […]