What Would Happen to Snowden If He Returned to USA?

Painting by Anthony Freda He Won’t Be Able to Tell His Side of the Story SecState John Kerry said that Ed Snowden really needs to “stand up in the United States and make his case to the American people.”  Kerry declared that “A patriot would not run away. … He can come home but he’s…

A Bond Manager Thinks about the Equity Premium

One of the things that annoys me about the concept of the equity premium is that it is an academic creation that does not grasp the structures of the markets.  Send the academics to be bond and equity portfolio managers for a time, and maybe we would get a better theory than Modern Portfolio Theory […]

Sorted Weekly Tweets

Debt Markets Leverage Addicts Get Junk-Loan Fix With Derivatives ETF http://t.co/CWMxLXlz3v Not much different than a HY closed-end fund or a CLO $$ Jun 01, 2014 Bond Market Flips the Script on Risk and Reward http://t.co/3geslTXRMo Difficult for rates 2 rise when monetary velocity keeps falling. $$ Jun 01, 2014 Shakeout Threatens Shale Patch a…

Why We Are Now Selling Our Gold Positions For Silver Positions

ByHebba Investments:

In the past we’ve been very bullish of gold and the gold ETFs (SPDR Gold Shares (GLD)) and less bullish on silver and the silver ETFs (iShares Silver Trust (

Weekly RS Recap

The table below shows the performance of a universe of mid and large cap U.S. equities, broken down by relative strength decile and then compared to the universe return.  Those at the top of the ranks are those stocks which have the best intermediate-term relative strength.  Relative strength strategies buy securities that have strong intermediate-…

Obamanomics Simplified

The Godzilla of incompetence…

Source: Investors.com via The Burning Platform blog

Source: Bloomberg
or “Mission Accomplished…”

Source: Heritage

Is A Russia-Japan Natural Gas Pipeline Next?

Submitted by Ankit Panda of The Diplomat,

Following Russia’s historic $400 billion natural gas supply deal with China last week, Japanese lawmakers are looking to revive efforts to tap into Russian natural gas supplies themselves. A Bloomberg report shows that a group of 33 lawmakers in Japan are backing a 1,350 kilometer pipel…