“The analgesic we administer has side-effects,” warned Jens Weidmann, 8th President of Germany’s Bundesbank, attacking ECB policy. Of course, he’s right. Everything has side-effects. Take hyper-inflation. It tends to have the side-effect of helping charismatic young Austrians with stubby mustaches win German elections. Which tends to lead to mass genocide. Which often leads to the creation of homelands in the Levant.
Hope all goes well. Toured our 51st state. Great White North. Ya know, over 70% of Canadian exports go to the US. That dwarfs French exports to Germany (15%). Or German exports to Italy (6%). And yet, Canada still has its own currency. Loonie right? But I used my Amex, so never noticed – not sure anyone really does. They called Canada a Banana Republic in the early 90’s. Because it was. Then they devalued. Because th
The clank of ice axes shattered our silence. I spun, to see my pack tumble. Twirl. And come to rest, far below. A blue dot, amongst granite boulders. Vincent stood motionless, looking out across the vast glacier, to distant peaks, and said, “You never let go your pack on a ledge, you know this.” And I got hot, knowing then, he’d kicked it. “You’re very tired, me too, which is why you will go get it alone, but you’re
“If you’re going to panic, make sure you panic first,” he said, approving of the way Bernanke handled monetary policy. Raised an only child to a single mother of modest means, he’d finished first, earned a place at the world’s greatest engineering university, then rushed to NY. Where he built a small fortune. As one of Wall Street’s most profitable prop traders. American dream. “Bernanke needed to act very aggressive
Hope all goes well. Had a tough wk. But not as bad as my buddy Matt. Who got attacked by 12 sharks. 8-10 footers. In open ocean. He left his head-cam on. So I got to watch the video. A deckhand was cleaning fish, threw scraps overboard. Bloody chum always gets animal spirits going – just ask Bernanke – and excited sharks rose from the depths. But you know, real life attacks ain’t like the movies. Matt fought hi
Spring’s here. No doubt. Just look around. Anything that moves is getting banged. And I’m not talking about India’s missile test, that proves it can bang Beijing. Or shaft Shanghai. Nope. I’m talking about stuff like bunga bunga Berlusconi parties, crawling with dirty little nuns. And US Secret Service agents in Columbia, on their boozy strip search. Bet Silvio wishes he’d known one was 17. And the Agents wished they
Hope all goes well. Snuck down to the water. Early. To watch the storm roll in. And walked along the beach. Alone. As the sea churned. Lifted by a fearsome wind. That wiped the sand clean. And striped trees of dead leaves. Branches too. A dessert storm is rare. Miraculous. Cleansing. Lightning flashed. Thunder rumbled. And as the liquidity poured down, I considered the metaphor. For a brief moment. Then got the F out
The young, pudgy strongman towered over his starving midgets. And directed their gaze to the sky. But one skeptical man refused, and surveyed the scene, at ground level. Counted the costs of a system without checks. And balances. The staggering misallocation of capital that inevitably accompanies rule by the unelected. Indeed, the pudgy strongman’s army had recently lowered minimum height requirements to 4ft 9in R
Forgive me father, for I have sinned. Well, actually, my children have. And on Easter no less. Now, this may sound hypocritical, and yeah, you hate that, but I want to enter the kingdom as a wealthy man. For the life of me though, can’t figure out how to squeeze a camel through the eye of a needle. So I pray if I raise fine kids, you sneak me through the back door. Which brings me to last Sunday. My four angels fough
Hope all goes well. Sunny and seventy one day. Snowy sprinkles the next. Flowers are out. Tattoos too. Yeah, that’s early spring in NY. Of course, time moves quick here. Ain’t even summer, and they’re talking about autumn. Yeah, nearly everyone is antsy. Agitated. They say it’s too late to buy, but too early to sell. So fellas place little bets, on tomorrow’s unpredictable forecast. Trying to keep warm and dry. Bidin