The tyranny of a prince in an oligarchy is not so dangerous to the public welfare as the apathy of a citizen in a democracy. — Montesquieu The market has largely sloughed off the Israel-Hamas conflict. In the four trading days since Hamas paraglided over the border into Israel and murdered 260 young people at […]
Archives for October 2023
October 2023 - Page 2 of 2 - Money Morning - Only the News You Can Profit From
What The Fed Breaks Next (Momentum Update)
Dear Fellow Expat, I'm tired. My daughter had me in the pool for two hours today, and that giant fireball above took the wind out of me. In college, a few friends called me "Springtime Garrett" when I found myself in the sun for too long. I do not tan well… I turn more of […]
The Economic Groundhog Explores New Lows
Dear Fellow Trader, Last night, my wife and I found ourselves in Tampa, Florida. At Republic Risk Letter this morning, we introduced the Negative Momentum Alligator. He fell off his surfboard after the positive wave of momentum crashed over his head following an abysmal U.S. bond auction that showed weak demand for U.S. debt. With […]
My Dance Moves are Better than This Proposed Move...
Dear Fellow Expat: Last night, my wife and I found ourselves in Tampa, Florida. We attended a concert by Noah Kahan, an indie/folk musician who has emerged as a Tour De Force in the post-COVID world. This was my wife's idea… and it was a fair trade for my trip to Baltimore to watch the […]
Profit from Chinese Stimulus, but Don't Get Stuck Holding All the Cards
Dear Fellow Expat: As I've noted, one of the five things I learned at five years old was Gin Rummy. The 10-card game has extended into the next generation as my daughter slowly picks up the patterns. She knows to dump the high cards because you don't want to get stuck with them… and she's […]
Postcards: Cross Country Weather (And Risk)
Before we get started, I wanted to show you something really cool. My colleagues at LuckBox magazine took my article on Cathie Wood last week and turned it into a video. It's on YouTube, and I narrated it. Check it out. And please leave a comment. Dear Fellow Expat: Two days ago, I said there […]
When They Write About This Crisis
Dear Fellow Expat: Sir Gregor MacGregor was a Scottish mercenary, world adventurer, and conman. He famously raised several hundred men in Charleston, South Carolina, and "invaded" the northern Florida key of Amelia Island in 1817. There, he declared himself king of the "Republic of the Floridas." He printed his own currency – called Amelia dollars […]
It Already Happened
Dear Fellow Expat: "I'm thinking about buying a home in Naples," a familiar voice said last month. "We'd probably move there by February." "Why?" I asked… "It's a great market. Home prices are holding up," he said. "Everyone's moving there…" The list went on and on… And of course… Everyone else is doing it! If […]