Mon, 2009/03/09 - 4:18pm | Your editor

     LIFO and FIFO are accounting terms, for how inventories exiting are booked, first or last in, first out. But some analysts are using these terms to predict when the global economies will emerge from the downturn. The main optimistic view is that because the U.S. was first into the mess, it will be first out. FIFO in fact.

      Since we never have been in a comparable economic downturn in my lifetime, I hesitate to make predictions. But I am sure of one thing: the stock market will not sink to zero. And the U.S. will come back.

      In the interval, a good place to park your money (along with General Electric, which is up over 7.5% since I bought some last week) is Canada. The loony touched a new low for the 21st century today. GE was favored because this money was from an environmental stock position and GE is big on wind power along with everything else, although it is not part of my Global Investing universe of stocks. I think I invested in GE because it sounded ridiculously cheap for a company whose health is similar to that of the USA. Read more »

Friday's Child

Fri, 2009/03/06 - 3:56pm | Your editor

       Today I am writing my blog directly on the Global Investing site for the first time. I am unable to find the font we use traditionally, courrier new, so this is something else. Traditionalists will have to forgive me. Also, for the first time in days, I am not having to run my copy past my lawyer before being allowed to post it. He is too busy filing a fraud complaint with the Attorney General of Florida and a Federal identity theft claim in New York.

        I am also using the old HTML codes I thought were left behind in the 20th century, which this hotshot site requires. It was set up by some Russians whom, I fear, have not yet overcome the scorn for customer service that they were raised with. Markets are not what technical experts respond to anyway, and these guys also have a political bias against helping me out.Being a Friday child, I still have far to go, but I assure you I am doing my best. Read more »

Warning Label

Thu, 2009/03/05 - 7:14pm | Your editor

     Warning label: Rightside Advisors as of today, Thursday, are still continuing to solicit credit card payments for subscriptions and renewals for 47 newsletters, including Global Investing and Global Investing Pro.


     Among the newsletters for which RSA is soliciting subscriptions is Dick Davis Digest, whose editor may not be aware of it. She has just asked to trade subscriptions with us. Read more »

My nightmare

Wed, 2009/03/04 - 2:55pm | Your editor

     I woke up in the night with a horrible thought: the reason Rightside did not deliver to my firm the subscription liability they had agreed to turn over was in order to fraudulently continue to use your credit cards to collect money for subscriptions to former Rightside publications. I have no evidence but given the cast of characters I described, it is possible. Please contact your credit card companies (or your bank if you have a standing bank order). If need be, change your account number.

  Read more »

Dorothy Parker Meets Bernard Madoff

Tue, 2009/03/03 - 5:17pm | Your editor

     By a letter (expensively) negotiated between our corporate counsel and Rightside Advisors, RSA agreed to transfer to my company the subscription liability, meaning the list of subscribers and the amounts they paid and the dates of their subscriptions running out. Then they failed to do so. They never agreed to transfer the money people had paid, by the way, as they had spent it. Read more »

How Business Is Done: Not a Harvard Biz School Case Study

Mon, 2009/03/02 - 10:52pm | Your editor

     This message is based on information I know and updates received from James Brown, the respected editor of Option Advisor. Today many of his staff quit because the payments for 2009 that had been promised them by Rightside Advisors did not arrive last Friday. This message is for the record.


     For those of you that don't know, I sold the publications Global Investing and to Rightside Advisors in Dec. 2006 for a percentage of revenue for 5 years. My company had a relationship with Rightside that went back.

  Read more »

February Summary

Mon, 2009/03/02 - 2:38pm | Your editor

     I quote Ernie Monrad, the former head of the John Harvard Society and the chairman emeritus of Northeast Investors Trust. Mr. Monrad, a financial elder statesman, grew up during the Great Depression. So how does today compare with then?


     “Other than the fact of an economic slowdown, the comparison is not valid,” he insists. The current (unofficial) “unemployment is probably 8 or 9 percent”. “Bear in mind that in 1933, 25 percent of the workforce was unemployed.”

  Read more »

My Last Gold Note

Thu, 2009/02/26 - 3:06pm | Your editor

     As promised, here is more about gold from Ron Coby, author of Discover the Upside of Down: Investment Strategies for Volatile Times (Wiley 2008). He thinks the time has come for buying junior gold stocks because “the big gold companies have raised a lot of money and can buy them.” He cited the IAM Gold bid for OZN assets and added “there will be a lot of Orezones”. Read more »

On golden pond

Wed, 2009/02/25 - 2:19pm | Your editor

      Barraged with e-mail after my publishing the letter from a reader in Europe about perceived risks with SPDR Streettrackers Gold, GLD, yesterday. In fact, having made a stab at $1000/oz, gold again fell back.


      The stock market, with its attention-deficit disorder, likes to focus on one thing at a time, and yesterday it was banking stocks. I happen to believe that without banks getting back on track, there will be no recovery. Gold is ultimately a sterile investment which doesn't add much to the economic outlook.

  Read more »