Run, Saverin! Run!

Run, Saverin! Run!

Were it not for the fact that you’d still have to suffer the eternal torment of actually living with your wicked, miserable little self, life as a willing and active member of The State might be pretty tempting. After all, Team State — operating in direct competition with Team Freedom — enjoys some rather significant advantages, both on and off the field.

[Read more...]

Run, Saverin! Run!

Run, Saverin! Run!

Were it not for the fact that you’d still have to suffer the eternal torment of actually living with your wicked, miserable little self, life as a willing and active member of The State might be pretty tempting. After all, Team State — operating in direct competition with Team Freedom — enjoys some rather significant advantages, both on and off the field.

[Read more...]

Brazil and the Spirit of Liberty

My most surprising findings in Brazil, aside from the amazing fruits that I didn’t know existed because the US government doesn’t think I need them, were the young American kids who have moved here to find economic opportunity. This I had not expected, but now fully understand.

Brazil is a marvelous and massive country where private wealth thrives without embarrassment, where well-protected and healthy familial dynasties form the infrastructure of social and economic life, where technology is popular and beloved by everyone, where the police leave you alone and where Americans can feel right at home.

[Read more...]

Brazil and the Spirit of Liberty

My most surprising findings in Brazil, aside from the amazing fruits that I didn’t know existed because the US government doesn’t think I need them, were the young American kids who have moved here to find economic opportunity. This I had not expected, but now fully understand.

Brazil is a marvelous and massive country where private wealth thrives without embarrassment, where well-protected and healthy familial dynasties form the infrastructure of social and economic life, where technology is popular and beloved by everyone, where the police leave you alone and where Americans can feel right at home.

[Read more...]

Immune to the Financial Crisis

Attention: Our “Crash Alert” flag is flying.

Dow down.

Oil down.

Yields down.

Gold down.

What’s going on?

Yesterday, we drove into Washington, DC, to the Argentine embassy. Friends from Salta were hosting a wine-tasting. It seemed strange to see our Argentine friends — who live in a remote corner of the country — in our nation’s capital. But it was a pleasure to see them…and taste their very strong, high altitude malbecs.

[Read more...]

Immune to the Financial Crisis

Attention: Our “Crash Alert” flag is flying.

Dow down.

Oil down.

Yields down.

Gold down.

What’s going on?

Yesterday, we drove into Washington, DC, to the Argentine embassy. Friends from Salta were hosting a wine-tasting. It seemed strange to see our Argentine friends — who live in a remote corner of the country — in our nation’s capital. But it was a pleasure to see them…and taste their very strong, high altitude malbecs.

[Read more...]

Data Show US Economy is Improving

Good day. The dollar continued to benefit from the troubles in Europe yesterday, adding to its weekly gains. The dollar index, which tracks the major currencies versus the U.S. dollar, is up 1.86% in the past five days as investors seek the shelter of the U.S. Treasury market.

I was talking to Mike last night, preparing for this morning’s Pfennig, and we agreed that all of this dollar buying is starting to look a bit overdone. At some point, the markets will figure they have “priced in” the Greek exit and will again start to trade on fundamentals.

[Read more...]

Data Show US Economy is Improving

Good day. The dollar continued to benefit from the troubles in Europe yesterday, adding to its weekly gains. The dollar index, which tracks the major currencies versus the U.S. dollar, is up 1.86% in the past five days as investors seek the shelter of the U.S. Treasury market.

I was talking to Mike last night, preparing for this morning’s Pfennig, and we agreed that all of this dollar buying is starting to look a bit overdone. At some point, the markets will figure they have “priced in” the Greek exit and will again start to trade on fundamentals.

[Read more...]

Why the World’s Unemployed Youth are Flocking to Brazil

Man wasn’t supposed to labor like this. Not under these conditions…with a clear view of a clearer sea…a white sandy beach below his room…the sound of the crashing waves gently carrying through his window…

…and his head stuck firmly in his computer screen.

[Read more...]

Why the World’s Unemployed Youth are Flocking to Brazil

Man wasn’t supposed to labor like this. Not under these conditions…with a clear view of a clearer sea…a white sandy beach below his room…the sound of the crashing waves gently carrying through his window…

…and his head stuck firmly in his computer screen.

[Read more...]