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“Don’t you miss interest rates?”
– JIM GRANT, founder, Grant’s Interest Rate Observer
“The entire (financial) industry mindset is wrong here. And it’s a trap. When you promise something you can’t deliver, you structure your portfolio in ways that will kill you.”
– ERIC PETERS,
“The mind of man at one and the same time is both the glory and the shame of the universe.”
– BLAISE PASCAL, mathematician and theologian, after whom the computer language and operating system PASCAL was named
CHANGE OF PACE
By David Hay,
“We really can’t forecast all that well, and yet we pretend that we can, but we really can’t.”
– Alan Greenspan
SUMMARY
BULLISH SUMMARY
– The latest growth scare is over, and the US economy is set to accelerate.
“There is a meaningful risk that, come November, one of the people currently running for president will win.”
– Barron’s Jack Hough.
“If God had wanted us to vote, he’d have given us candidates.”
– Jay Leno
HUNT FOR THE TRUTH
By David Hay,
“Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history.”
– Charles De Gaulle, Leader of the French resistance during WWII and 18th President of France
SUMMARY
– Gold bullion and gold mining stocks have rallied 18% and 51%,
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