Category

Hope all goes well. Dallas was hot. Conference was cool. Yeah, UBS puts on a good show. You know, figured I’d find a steer or two in Texas. You see, those boys been making serious frackin’ money. And if there’s one breed unafraid to take risk, leverage up gains, put it all on the line, well, it’s the Texan wildcat. But alas, their pastures are barren. Parched. And my take is it’ll take one helluva big bear, or the ar

Hope all goes well. And that your Summer ain’t too relaxing. Mine certainly isn’t. You see, I’ve long since ceded control to two women. Who own me. Ida packed my week with curious adults, who flew in, from all over the world. Mara packed my weekend with curious kids, 8 in all, sleeping over, who insist no game is possible unless I’m playing. And of course, mkts remain relentless. So I worked late into the

Hope all goes well. Osama bin Charlie infiltrated our bed. Pre-dawn raid. Crept between us, dragging his blanket. Growling, “I’m gonna be a tiger when I grow up, a big fat tiger.” Which is cool with me, though Mara prefers the doctor route. So I asked our cub how we’ll know when he’s finally grown up, we can hardly wait. “When I can swim,” whispered the 3yr old terrorist. And

Hope all goes well. Summertime in Santa Barbara. Not a cloud in the sky. Creeks run dry. And we’re not alone. Midwestern farmers are baking. Crops withering. And even on Wall Street they’re doing the rain dance, an awkward white-guy shuffle. Praying for liquidity. You see, there’s very little now. And in all this heat, illusions arise, mirages, whipping markets around wildly. Overall: Barry bit his

Hope all goes well. Gonna keep things short. Why? Well, nothing’s really changed. Yeah, stocks initially squeezed higher in the hope Benjamin would print more Benjamin’s. But Bernanke conserved his few remaining bullets, twisted $267bln, then rashly repeated Baby Bush’s infamous one-liner – Bring ’em on! You see, Ben taunted the gods, said he needs to see things get worse before he clear-cuts the Pacific Northw

Hope all goes well. Happy Fathers day. Spending mine enroute; DMZ to NYC. 700 Korean’s listened intently. As we explained how to solve Europe, build portfolios, regulate, manage risk, make money. You see, Korea’s opened their mkt to HF’s. And want to reverse-engineer ours. At the press conference, I almost told the humbling truth: Put our insights into context, HF managers are right no more than 60% of the time. But

Hope all goes well. Rode a bike to work. Yeah, doing my little part to push oil prices lower. You see, I’m short. Told anyone willing to listen, about Australia’s home price slide. And Canada’s bursting condo bubble. I’m short those too. Yeah, I’m shameless. And woulda sold all my stocks, but don’t own any. Turned out I wasn’t alone. Jetting to Seoul for a macro panel, then directly to NYC for the same. G

Quick boys. Grab your Geiger counters. Goggles too. Things are getting hot. We’re catching Blue Fin Tuna, here in Cali, more radioactive than Iraqi WMD’s. And I ain’t trumping that up. It’s true. So what’s this all about? Fallout. Yeah, America’s getting Fukushima’d. And the only surprise is that anyone’s surprised. You see, some problems got real long half-life’s. They swirl, as Earth spins. Take Europeans: flirted

Hope all goes well. London was great. Thanks for asking. Brought Mara with me. Brought the weather too. Sunny and hot. Which was quite a bit different from April – their wettest month on record. And before that, March, was London’s 3rd driest ever (1st driest? March 1929). Anyhow, everyone seemed pretty relaxed about the wild swings. Ya know, rain-on, rain-off. Makes you wonder if traders would be surprised by a tren

Hope all goes well. How’s your weekend amigo? Cool. Mine’s good too. Usual stuff. Family. Writing. Reading. Few vodka tonics. Saturday red-eye to London. I kinda feel bad for those policy-makers across the globe. No rest for the weary. Yeah, poor fellas up all night these days. G8. May 23rd EU Summit (18th since crisis erupted). Emergency calls. You see, the crisis is transitioning. To the street. Politicians are los