Skip to main content

Reads of the week

Some of the day's top news items to lead off some of the week's most interesting stories.

From the Financial Times, "Thailand stocks fall as anxieties deepen".

The New Year's bombings and the ensuing confusion over who is responsible for these acts of terror are adding to worry over Thailand's stability. This drama follows closely on the heels of December's market drop, when Thailand's military government decided to impose - and quickly withdraw - restrictions on foreign share investment.

"Bush claims power to open Americans' mail without warrants", the Christian Science Monitor reports. It was wise to hand over our remaining freedoms to this cabal. Makes Nixon look better everyday.

Onto more positive news. The Australian and FT Business report, "Falling births not a wealth hazard". I found this interesting because this is something I've been mulling over lately.

How many times have you heard someone say, "the demographics of country X are very worrying. At this rate, the young will be outnumbered by the old and the economy will suffer for these reasons..."? Yet at the same time, we know that reproductive rates tend to decline over time in the more advanced, industrialized economies.

In the conventional thinking, this poses a great problem. As the article points out, population growth is equated with economic growth. And I suppose it's very correct to worry over troubling demographic trends if you are trying to prop up the great social welfare programs implemented by those same "rich nations". But is that logical thinking or is the push to increase populations a desperate attempt to keep up with a grand ponzi scheme?

Read the article and get another, much needed perspective.

Jim Rogers (whose views on population are questioned in the aforementioned article) is the subject of yet another profile, this time in the New York Sun (via The Daily Telegraph). Read all about the The Indiana Jones of Investment.

The changing face of retail. "Now that Sears and HBC have new owners, what's the plan?", asks Globeandmail.com reporter Marina Strauss. How will Hudson's Bay Co. and Sears Canada change strategy now that they are being guided by US businessmen who do not hail from the retail arena?

Sears is controlled by hedge fund magnate Ed Lampert and Hudson's Bay by one Jerry Zucker, described by another Canadian outlet as, "a South Carolina industrialist and investor".

Creativity and entrepreneurship. One man's view of what it takes to be a creative and successful entrepreneur. Plus, a profile of another man who seems to fit that bill: India's MCX mogul, Jignesh Shah.

FT highlights the returns made in Argentina's debt warrants in their "Sparkling Trades" series.

A reader and contributer at The Oil Drum takes us back in time to the "Beginnings of UK 'Oil Age'". Well done.

And an article from Bloomberg.com that I found very cool. "Unlucky Pianist Martins Conducts $1 Concert at Carnegie Hall". Enjoy.

Popular posts from this blog

Lessons from Hedge Fund Market Wizards: Scott Ramsey

Today we continue our series, "Lessons from Hedge Fund Market Wizards" , with a look at Jack Schwager's interview with Scott Ramsey of Denali Asset Management.  Ramsey, a futures trader and CTA who works on the island of St. Croix, spoke to Schwager about his first foray into the markets, his evolution as a trader, and the process he stands by to protect and grow his clients' money. 1) . Ramsey started trading in college. He was roped into the OTC metals market via a broker's ad in the Wall St. Journal. The broker charged customers a flat fee to buy and sell as much as they wanted in a particular market for six month. At the time, Scott was a novice and didn't know about futures, so he traded metals in this fashion through the inflationary run-up of the late 1970s. 2) . Scott had to rethink his trading strategy after he bought silver at $50 an oz., only to watch it collapse to $26 following a long string of limit-down days. He sold as soon as the market...

Round trip stocks: momentum booms and busts

" No tree grows to Heaven ." - Old proverb adopted by Wall Street. What happens to hot momentum stocks when their rocket fuel runs out? How long can they continue to fly before they come crashing back down to earth? Why is the stock that you paid $100 a share for now trading at $39? These are questions that many novice traders and investors may be struggling with in the wake of the most recent market correction. Momentum stocks have been hit hard as the Nasdaq 100 and Russell 2000 indices have moved lower in recent weeks. Caught unaware by the recent slide, some traders may be wondering when their beaten-down stocks will snap back and allow them to exit with smaller losses (or even reach the mythical "break even" point).  While growth stocks still firmly within their uptrends may form constructive technical bases and move higher after this correction, others may experience sharper pullbacks or break down into full "stage 4" declines (see chart below...

Finance Trends 2019 Mid-Year Markets Review

Email subscribers of the Finance Trends Newsletter receive the first look at new articles and market updates, such as the following piece, sent out to our email list on Sunday (6/14).   Hello and welcome, everyone! If you received our last email notice over the July 4th holiday, you'll know that this weekend's newsletter will serve as a mid-year market update and a follow-up to issue #29, " How to Reinvest in a Rising Market ".   Ladies and gentlemen, without further ado, let's start the show...  Finance Trends Newsletter: Our Mid-Year Market Review When we last spoke, back in February, the U.S. stock market was rallying off its December-January lows. As the S&P 500 and Nasdaq reclaimed their 200 day moving averages in February and March, it became increasingly apparent that a lot of retail investors (and perhaps some institutional investors) were left under-invested while watching this recovery move from the sidelines.  The U.S. stock ...