Month

Hope all goes well. What a mess. Traders step away from their screens for just a couple days and look what happens. Worst Thanksgiving wk for the S&P since 1932. It’s been three yrs in a row where this wk’s seen more than just a few gobblers slaughtered. So much for Black Friday. Week‐in‐Review: Mon: Mkts assume Supercommittee failure, Japan trd bal falls, Sing 3Q GDP solid, S&P ‐1.9%; Tue: US 3Q GDP revised

Hope all goes well. What a mess. Traders step away from their screens for just a couple days and look what happens. Worst Thanksgiving wk for the S&P since 1932. It’s been three yrs in a row where this wk’s seen more than just a few gobblers slaughtered. So much for Black Friday. I’m off to Zurich for a UBS macro panel. Then Stockholm. I was last there in ’93, right after Sweden’s economic system collapsed, and t

Hope all goes well. A friend died. It was one of the few things he never warned me about ‐ but I hear he saw it coming. Richard Medley channeled information from central bankers, finance ministers, defense secretary’s, senators, (presidents too), to Macro’s most famous mangers. I’d never paid him a dime, we just had fun. Exchanging Sunday emails, competing to craft the sickest joke. Then last wk, outta nowhere, he se

She towers above our town. And I needed to blow it out. Tackle something big, gain altitude, perspective. So standing at sea level, I clipped in, headed for La Cumbre peak. The 3,995ft climb is brutal. Relentless. But the reward’s glorious, directly proportional to the struggle – natural law. The way to tackle a big climb is to cut it into pieces. Focus on taking lesser peaks. Set intermediate goals. And as the road

“Enough is Enough,” warned Earth’s mightiest commander‐in‐chief. You see, Obama’s frustrated by China’s reluctant revaluation of the Renminbi. He’s really had it. The time for talk is dwindling. November 2012 will do that to an incumbent. So he jetted to Australia, held hands with Prime Minister Gillard, pointed toward Beijing, vowed to “project power and deter threats to peace” in the region. He’s sending 2,500 mari

Shhhh… I got a secret. Started as a story. About a guy. Who sold his company. To the Chinese. I tracked him down. Wasn’t easy. Learned interesting things. So I decided to share ’em with you. ’Cause if they help me, they might help you. And if I help you, well, someday, you might help me. You see? But the point is, it was my decision ‐ to share my secret. Anyhow, this guy needed Series B money in 2009’s Green En

Hope all goes well. Mara left me. For a wk. Went to some Ashram. Immersed in nature. Away from screens. To unplug. Recharge. Connect. So I had our 4 kids. Tasked with playing Mr. Mom. Which meant I imported my Mom. And with that problem solved, zipped back to work. The Yin to Mara’s Yang. Immersed in mkts. And screens. Plugged in. Overall: We missed our best chance. To shift course. On Tuesday. Asteroid YU55 slipped

We missed our best chance. To shift course. On Tuesday. Asteroid YU55 slipped silently between Earth and Moon. As big as an aircraft carrier. Impact woulda been epic. Kaboom! Given us a jolt, a catalyst, plus something to rebuild. But alas, we’re left standing chest deep, in the slowly rising mess of our own making. Avoiding the mirror. Searching for scapegoats. Caught in Man’s endless cycle of repeat behavior. Papad

Hope all goes well. November. A fresh start. New beginning. Every day is of course. Most men just forget that — but not the Greeks. They live in the moment. Unbound by yesterday’s commitments, and debts. Announced a referendum. Then cancelled it. Day-to-day their mood’ll change. The outcome won’t. No one’s getting repaid. Mario Draghi turned the page on a stubbornly hawkish ECB. Cut rates his 3rd day on the job

“The Euro’s a widow maker, it’s horrible,” he pro- nounced. So began our convo. “All anyone talks about these days is the Euro, I’ve had it, not even worth thinking about” — and I’m not sure if he said that and I thought it or vice versa. Doesn’t really matter. Point is, it’s true. And we discussed two different categories of trending markets. One looks like the Euro – female dog variety. Everyone pretty