SEARCH
Reporting from Santiago, Chile By 1789, a lot of French people were starving. Their economy had long since deteriorated into a weak, pitiful shell. Decades of unsustainable spending had left the French treasury depleted. The currency was being rapidly debased. Food was scarce, and expensive. Perhaps most famously, though, the French monarchy was
[Editor’s note: Tim Price, Director of Investment at PFP Wealth Management and frequent Sovereign Man contributor is filling in from London, England while Simon is touring agricultural property today.] When Moody’s downgraded the UK’s sovereign credit rating last week it was something of an anti-climax. The ratings agencies long ago lost what little
Reporting from Santiago, Chile Apparently the Latino version of Jusin Beiber is in town. I have no idea who this kid is, but as I was walking into the W Hotel last night for a meeting, there were hundreds and hundreds of adoring prepubescent girls lining the metal cordon that had been set
Reporting from Santiago, Chile In another brilliant move aimed at destroying the few table scraps of economic freedom which remain in the Land of the Free, a bipartisan group of esteemed lawmakers in the United States Congress has introduced the Marketplace Fairness Act of 2013. Remember the golden rule of legislation: the more
“Price is what you pay; value is what you get.”– Warren Buffett Warren Buffett’s aphorism has been rightly celebrated. But to be a true value investor, it helps to have values. Courtesy of near-zero interest rates and global competitive currency debauchery, it is increasingly difficult to assess the value of anything, as denominated
Reporting from Buenos Aires, Argentina Selling snake oil and issuing unbacked paper currency are not so different. They’re both wildly successful ploys for the guys pulling the strings. And they’re both complete scams that depend solely on the confidence of a willing, ignorant public. But once the confidence begins to erode, the fraud
Five full years on from the financial crisis, stock markets have regained lost ground and are within striking distance of new record highs. Yet, it’s only NOW, after all the gains from the bottom have been made, that the investing crowd is starting to put money back into stocks. Curious. When stocks were
February 4, 2013 Santiago, Chile Midway through the Super Bowl stadium blackout yesterday evening (which seems a convenient metaphor for the decline of the West… something ripped out of the pages of Atlas Shrugged), I briefly ducked out on my guests to check email and read the news. Some friends had jokingly sent
January 23, 2013 Sovereign Valley Farm, Chile Let’s do a little math problem today. As you probably know, in 2010 the US government passed one of the most arrogant, destructive, poorly conceived pieces of legislation in history, now known as the Foreign Account Tax Compliance Act (FATCA). FATCA heaps all sorts of reporting
Reporting from: Santiago, Chile Last week in the Land of the Free, a five-year-old girl in Pennsylvania was labeled a terrorist threat. Fortunately for the citizens of Northumberland County, local authorities managed to detain this nefarious kindergartener before she could exact her villainous deeds on thousands of innocents. Authorities were tipped off after
Location: Santiago, Chile A few years ago back when I used to watch an occasional bit of television, I would always have an internal debate with myself: which was more funny– Comedy Central, or CNBC? It was always a toss-up. One channel has talking puppets. The other has Steven Colbert. Both are satires
January 10, 2013 Santiago, Chile Lately I’ve had a ton of friends and family writing me about visiting Chile. “We’re fed up with this place,” is how the emails usually start. People are hitting their breaking points and starting to consider their options abroad. There are a lot of fantastic places to be.
January 9, 2013 Sydney, Australia [Editor’s note: Sovereign Man Chief Investment Strategist Tim Staermose is filling in for Simon today.] No matter where you live in the Western world right now, the sands of your local economic landscape are likely shifting. To gain your footing, it’s essential to learn classic arbitrage techniques.
January 7, 2013 Talca, Chile There are few original thinkers in professional finance. It’s much easier for an individual to step back and say, “Holy Meltdown, Batman, this system is deeply, woefully, fundamentally flawed…” I can see it, you can see it. But somehow, as soon as they put someone in charge of
December 31, 2012 Buenos Aires, Argentina As we slide into the end of yet another year in which the nominal price of gold has posted a positive return, I thought it would be interesting to take a look back on history to get a better understanding of where we are today. It’s obvious
