1.

I think a lot of people may have freaked out too much about Warren Buffet’s $500 million purchase of gold miner Barrick as a telling item. However, the combo of energy pipelines, the dabbling in Barrick, and broad purchases into commodity investing/trading firms, translates into a $15+ billion hard assets over the past few months. Very interesting for a 90 year old man who has purchased brands his whole career…

2.

Manias feel better and better as you go faster and faster. And then, in one final frenzy, it ends. The investment shrapnel spreads across all asset classes and could last for a decade. Can The Fed continue to work its magic? Do wizards have an everlasting bag of tricks? Or does the magic simply become worn out? The end game will not be pleasant. These are the most expensive markets in US history. Maybe it’s time to move more funds to guarantees?

3.

Dear Chairman Powell, I am not an economist, I don’t even play one on TV. I can’t even say what is the real definition of inflation. But I do know this; The bag of groceries that used to cost me $25 now costs close to $35 or $40. Best Regards, The Consumer

4.

A study by Hirschman Capital shows that out of 51 cases of government debt breaking above 130% of GDP since 1800, 50 governments have defaulted. The only exception, so far, is Japan. I mention this because the IMF expects the US Debt to hit 141% by the end of 2020. This makes me very afraid. Especially when it’s combined with this bubble mania. I am running for cover; are you?

5.

In sports, it’s all about the little things. Ya know what I miss in baseball, I miss the pitchers with their unique wind-ups. Growing in in the 70s, I can still emulate pitchers like Tom Seaver, Bob Gibson, Juan Marichal, Luis Tiant,Gaylord Perry, Nolan Ryan, Jerry Koosman, Jon Matlack, and about a 1000 more. What happened to pitchers and their wind-up motions? It made each pitcher memorable and the game more colorful. I bet some expert wrote a book in the 90s, and every pitching coach bought it. Be boring and do what everyone else is doing it read in chapter 4. And now, baseball is more generic than ever. Remember, it’s the little things…