Chicago is America’s Dark Financial Star

The Windy City is famous for a lot of things, including the biting winter breeze off Lake Michigan and blowhard politicians. Whether Chicago got its pet name from one or the other doesn’t really matter, since both fit. But soon, the place also called the Second City will be known as something else: The municipal black hole. It’s only a matter of when, not if, Chicago will consume itself financially, and will start sucking in the wealth of anyone and anything connected to it, just as black holes in space eat the energy of nearby stars. It’s easy to lay […]

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The Dark Side of Jesse Livermore

Jesse Livermore is commonly cited as one of the best market speculators of all time. But is this true?   On the one hand he did invent solid trading rules that have stood the test of time: Cut Your Losses: Never average down and never hope your losses reverse. Just cut them. Infinite Patience: Good trades are rare. Trade for profits, not for action. Learn Macro: Understanding general conditions is essential to market mastery. Price Action Is King: Learn to read the tape and don’t argue with markets — they know more than you. Bet Big / Sit Tight: Ride […]

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Baton Rouge, Nice, Dallas, Orlando – A Dark And Distressing Time Has Descended Upon The Civilized World

Does it not seem as though events are starting to accelerate significantly?  Since I warned that something “had shifted” and that things had “suddenly become more serious“, we have seen the worst mass shooting in U.S. history in Orlando, we have seen the massacre of five police officers in Dallas, we have seen the horrifying terror rampage in Nice, and now we have seen the brutal murder of three police officers in Baton Rouge.  On Sunday morning, the peace and quiet in Baton Rouge were shattered when “dozens of shots” erupted less than one mile from police headquarters.  By the […]

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When the world turns dark

The world turns on its dark side……it is winter A Child of Our Time, Michael Tippett “Man has measured the heavens with a telescope, driven the gods from their thrones,” proclaims the contralto at the start of Michael Tippett’s wartime oratorio A Child Of Our Time. Like our counterparts before the dark time of which Tippett writes, we too believe that science leaves no place for religion. But religion endures, and when the world turns, it comes back in its most violent form, tearing part communities and entrenching sectarian division and even outright racism.  Our world is turning. As the […]

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