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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 3y
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. Ove
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-cut
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 6
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
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
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
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.
Hope all goes well. I got the bug. Pretty bad. But hey, you do too. Wouldn’t be doing this if we didn’t. Gamble, that is. Of course, we ain’t alone. Men been weighing risk/reward, calculating probabilities and placing bets, from the day some bold gambler stuck a Wooly Mammoth (betcha $1mm he got laid that night). Anyhow, as I crawled up rocks this wk, looking left, right, up – and down – evaluatin