The object of war is not to die for your country but to make the other bastard die for his. George S Patton This is part 2 of my first article discussing NATO. It’ll make more sense if you’ve read part 1. If you’ve already read it, cool. If not,
While most pundits and talking heads are focused on the yield curve inversion, a much more alarming market event is underway.
… and all at the same time. Last week was a humdinger. Three things happened: One Firstly, our pasta-eating friends, after having experienced firsthand a blizzard of accelerating violent crime… and watching their previously gentrified neighbourhoods reconfigured into ghettos resembling the Maghreb, decided enough was enough and said “non piu”. Italy
So when I came to you ragged, exhilarated, and a little bit richer two weeks ago, I referenced a buddy who I’m really grateful to know. Why? Because he’s a better trader than I am and surrounding yourself with smarter people than you sure ain’t a bad strategy. Today I bring
Taking a glance at the headlines in Europe, all I see is the world’s “woes” cropping up. Either we’re dealing with cowboys, or the market sentiment is decidedly bearish. I’ll let you be the judge… Bloomberg: “Worst Earnings Letdown Since Crisis Adding To Europe Stock Woes” Channel NewsAsia: “European Stocks Hammered By
Raoul Pal, author of the Global Macro Investor and the co-founder of Real Vision TV, is one of my favourite thinkers and investment minds. Regrettably I’ve not met him… yet, though I’ve been fortunate enough to meet his business partner Grant Williams, who is both smart, genuine and intellectually curious.
Some anecdotal evidence first… I recently corresponded with a friend in Europe who consults to a number of hedge funds managing predominantly European and British money. He mentioned that across the board his clients are increasingly concerned about equities and are seeking to hold more cash. I asked him if