We’re saved! So Americans got back to work. While DC indulged itself in idiocy. According to statistically-insignificant partisan-sponsored samplings of eligible voters, all sorts of contradictory outcomes unfolded. Transgender Latino single-mothers of Irish descent – responding to pollsters while waiting for Obamacare’s website to reboot – expressed an overwhelmingly favorable impression of the President

“That was exactly the right time to have bought,” said the CIO, gazing down from the top of his tower, upon armies of ants. “The FT article marked the turning point, and ever since, correlation has been in free fall.” He buys and sells stocks. Looks for interesting special situations too. Managing one of Asia’s top hedge funds. But when stocks all rise and fall in unison, it frustrates even the smartest fellas. Follo

Hope all goes well… “In a world of zero rates virtually everywhere, currency movements are random,” explained my big ’ole Greenwich Bulldog, lifting his leg, drenching that fire hydrant. “And new commodity supply keeps coming online, so those markets are going nowhere but sideways to down,” he snorted. “Bonds are now stuck in a range, odds are the bulls can pick up a few pennies, but risk getting steam-rolled,”

“The American people should realize that their politicians play with their destinies as well as the destinies of other oppressed nations for the sake of their personal vested interests,” announced the Taliban. Which finally gave Democrats and Republicans something to agree on. What’s that? Well, the only thing more humiliating than Putin mediating our international disputes, is a lip lashing from self-rig

“Hedge funds don’t have the balls because investors don’t have the balls,” answered the CIO, one of Europe’s top allocators. You see, I’d asked why he thought hedge fund returns have generally sucked ever since 2008. “15 years ago we invested for 5yrs and said ‘go for it,’ but now we say ‘you have 5yrs but we’re going to check on you every 3 days,’” he continued, laughing at himself and his brethren. Back in 2001-02

They expelled three US diplomats. From Caracas. For sabotaging the economy. As if Venezuela didn’t have enough problems. Their stock market fell 2.9%. And in poor Brazil, Moody’s first downgraded the nation, then Petrobas. As that state-owned oil company encounters weak demand by foreign bidders for over-hyped off-shore drilling rights. Eike Batista, saboteur extraordinaire, dyed his wig a darker shade of grey, snuck

“Driverless electric Tesla’s, powered by Google, dispatched by Uber will shuttle people around continuously – the technology already exists, this future is inevitable,” explained the brilliant macro CIO, basking in California’s bright sunlight, whisking me 20yrs forward. Of course, regulations need to catch up. They will. “And annual car sales will collapse from today’s 100mm pace to just 20mm.” You see automobiles a

Hope all goes well… “Think about the guy you’ve hated more than anyone in your entire life,” said the CIO. You see, I’d asked what he thought was really going on in DC. “Now imagine you have him by the balls,” he growled, pausing, giving me a moment. “So here’s the thing, you’re not exactly sure what you want to do next,” he continued in a tone that made me grimace. “But you’re certain of one simple thing – can

Hope all goes well… “Obama’s a bad trader, simple as that,” explained the political insider, breezing through Santa Barbara. “He adds and adds to losing positions, trades without stops.” Apparently, Summers was never ever going to get the votes he needed. And no votes equals no confirmation. Then we moved on to matters of political intrigue, Yellen, exit options, timetables, the difficulty in trading this thing. “Wel

Ben sank his toes deep in the mud. Wiggled ’em around. Picked up a dirty oval stone. Rubbed it clean. Skipped it. Drifting back to his youth. Glorious youth. Without a care in the world; long before he made his big splash, launched his experiment, bought time for the kids in DC. “One could cut monthly purchases for each further 10bp decline in unemployment,” suggested Fed Governor Stein, secretly hoping the pre