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Inside a Cow-based economy

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In the crazy world of finance, a fishing buddy has shared the following stuff with me the other day. It is too funny not to share in this space. So true! Some of you will laugh till you fart. SOCIALISM You have 2 cows. You give one to your neighbor. COMMUNISM You have 2 cows. The State takes both and gives you some watered down milk. FASCISM You have 2 cows. The State takes both and sells you some milk at an inflated price. NAZISM You have 2 cows. The State takes both and sends you to a concentration camp. BUREAUCRATISM You have 2 cows. The State takes both, shoots one, milks the other, and then throws the milk away. TRADITIONAL CAPITALISM You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income, but worry about your cholesterol level and blood pressure. ROYAL BANK OF SCOTLAND (VENTURE) CAPITALISM You have two cows. You sell three of them to your publicly liste...
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The US dollar comedy

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As I scan the news articles everywhere, I have noticed almost everyone and his dog is becoming increasingly bearish on the US dollar. The US Dollar Index was one of the major disappointments of 2017, depreciating by 9.0% and putting in its worst performance since 2003. Effectively, the dollar will get thrashed again in 2018 is the popular view.  Some of the analysts argued that all good news is already priced in the US dollar. It makes sense from the fundamental perspective. However, lots of things make sense in the investing world until Mr. Market decides to prove rationales flawed. Just ask the old timers who have seen enough in the markets. According to the latest Commitment of Traders report, released on December 29 by the Chicago Futures Trading Commission, large speculators reduced their net short positions on the US dollar. I do care about fundamentals. Over time, the macroeconomic fundamentals will reassert themselves. The key is interest rate different...
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Caveat Emptor

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Be careful when seeking advice even from the professionals who are supposed to know more than the ordinary people. Just ask any sales and marketing professionals out there who know the value of repeating the message in their work. They know that with enough time they will eventually crack through their audience’s cortex and implant themselves there for good. They will repeatedly tell their audience something like you must buy and hold stocks forever, you must remain invested all the time, get into a system and lock-up your money for 15 or 20 years before you could withdraw your capital, bonds are safe, stuff your portfolio with as many mutual funds as possible for the best diversified returns, etc. Claptrap. However, be prepared in glossy, colorful brochures and repeated often enough, the people on the street will believe them. In the real world, even if some of that stuff might have worked 10 years ago, the financial world has changed and the rules of the game have ...
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