The enigma that is eccentricity can be unraveled by grasping this single statement; that which you perceive is a matter of the object of your perception and your apparatus of perception. Eccentricity, then, is as much a quirk of the popular mind as it is of a particular person. So with the assumption that you seek creativeness and insight — here’s how to think eccentrically, find your edge and risk little for lots.

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After almost a century of the centrally planned dollar we’re delighted to present a timeline of the most amusingly disturbing speeches delivered by the Federal Reserve & Co.

 

See below for the timeline. Source: Federal Reserve Archival System for Economic Research (FRASER)

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If you ever happen to acquire an inclination for being the subject of disrepute and ridicule I highly recommend endorsing the conceit alluded to in the title. Apparently this issue is ‘so obvious’ that even gold bugs and government officials can reach common ground via the contention that I’m deluded. My folly — if you will — is to maintain that dollar debasement can be bullish for the dollar vis-à-vis other currencies at present. Since this long-standing conviction of ours is once again being corroborated by price action in the currency markets I thought I’d attempt to convince you that I’m not completely crazy. Here I outline why dollar debasement is bullish for the dollar against other fiat currencies in this environment.

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It may be just me, but it seems like the majority of market participants are terrible at dealing with one of the rudiments of life as a human being; time. It is almost as if the herding man lives in constant contempt for his former self and dogmatic surety about his current convictions (whether they relate to past, present or even the future). If this hunch happens to be true, then it doesn’t take much to see the folly – for surprise surprise; as time passes the much-loved present conviction joins the realm of past regrets. So to thwart the arrogance of the gold bubble-top callers and the long-for-the-sake-of-being-long speculators here I outline why you, they and — hell — I might just buy that forthcoming parabolic move in gold.

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Dear Mr. Fed Man…

November 26, 2011

Dear Mr. Fed Man,

 

This is being written on the generational eve of your undoing, so I should mention that I do not make claim to uniqueness or even insightfulness. Nevertheless, I wish to spell out the broad case against your supposed necessity — for it is plain to see that some people are starting to question the intellectual grounds upon which you stand.

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Russell Napier (renown financial historian and consultant for CLSA) has articulated some fantastic insights on the generational cycle, bear market bottoms and currencies in recent years. So for this reason we decided to compile a ‘Russell Napier’s Greatest Hits’ video for you to enjoy. See below for the video and summary.

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In previous articles we have tried to throw some light upon the tendency of the crowd to deny the validity of gains and losses as they are distributed in the speculative markets. Indeed, in our most recent post (titled ‘Are Crowds Capable of Identifying Stupidity?‘) we suggested that individuals aiming for gain are often faced with a surprisingly harrowing choice; between assuming the role of the ‘lucky fool’ or the ‘perennially unlucky genius’. Here I’d like to expand upon this insight as it relates to secular trends in the monetary sphere. Namely, I outline an implication of the forthcoming generation’s (potential) knee-jerk distaste for leverage.

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