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Nothing cures high prices like high prices. And over the past century, the world endured four major commodity price spikes. The first two were fueled by World Wars. The third occurred during the inflationary 1970’s. In each period, prices rose by roughly 300% over 10yrs. Then fell for about 20yrs. Remarkable eh? And today’s Chinese-urbanization commodity boom has lasted roughly 10yrs. Prices have risen by a tad more

Ok Oprah, I’m coming clean. Right up front. So here goes: I take performance enhancing drugs. Any regrets? Yeah, wish I’d taken more last yr. I also admit that if I’d ever imagined having a fake girlfriend who fake died of fake cancer would help me sack more quarterbacks, and boost my ratings, I’d have dated two. Maybe three. Eric Peters

“So tell me what you think about Japan,” said the CIO of Europe’s greatest mountain of money. I just smiled. ‘Cause we’ve discussed this trade for a yr. He paused. And then filled the silence, “This is what happens when you hit the wall.” Which any ageing, shrinking nation, drowning in debt must eventually do. He’s made his fortune predicting the time and place of horrible car wrecks. “This is the beginning, it will

“Zero chance of an inflationary result,” stated one of London’s top PM’s. “And yeah, I know, nothing’s zero, but this is fucking close,” he continued. “Global debt increased 12% annually since 2002, while GDP rose 4%, and the difference equals roughly $80trln, so that’s what needs to get printed or written down.” Central banks have printed roughly $10trln since the crisis erupted. “So you tell me, is $10trln enough t

The S&P 500 failed near these levels in Jan 2000. Then again in Jul 2007. “It’s taken $1trln deficits each year for the past 4yrs jut to get us back to the highs,” observed one of Europe’s most nimble CIO’s. “There is simply no way the US can sustain these deficits,” he continued. “So I am long stocks now, but the mkt is getting very excited, very long, and yet Apple has sent a rather ominous signal, this may pro