As long time readers know, I am a big fan of Greg Weldon. This week he has very graciously allowed me to reproduce his client letter from last Thursday on some of the issues of Bernanke and Quantitative Easing 2. It prints a little longer than usual because of his format and all the charts, but this is one letter you should take the time to read.
You can get a free trial (his service is not cheap but if you are a global macro fund or trader, you really should have it!) by going to www.weldononline.com.
Sadly, this weekend was not a good time for Dallas. The Rangers dropped two and now have to win in Tampa Bay and the Cowboys were simply awful. The first time in 50 years that I get season tickets and they are just not fun. I was thinking they get to the Super Bowl and it is in Dallas this year and the tickets get me in. Clearly, I need to keep my day job.
Oh, well, the Mavericks are in town and the NBA will soon crank up. Oh, wait a minute. Everyone we wanted went to Miami. We are not that much better than last year. Sigh. Oh, well. It could be worse. I could be in Cleveland. (Sorry, Mike!)
Your hoping Cliff Lee pitches a shut-out analyst,
John Mauldin, Editor
Outside the Box
Time Loves a Hero
I was fortunate to have met the late Lowell George, lead singer of ‘Little Feat’, prior to the band’s performance at Colgate University in 1979. The band was using the men’s basketball locker room as their ‘hospitality suite’, relegating the team to the local high school. As we returned from practice to store our gear, George was in the room, and he asked us…