Yesterday, I had an awkward moment.
I got the following note from my publisher, Will Bonner: “I don’t know if you got it from him or not, but Doug Casey wants a hat tip for the “Greater Depression” term…”
This was awkward, in part, because I don’t wear a hat.
It also made me feel bad because Doug [...]

Could This Be the Best Trade of the Summer?
In the June issue of Crisis Strategy Alert, I forecast that the trade of the summer will be shorting oil.
This is what I told CSA members:
Peak gasoline demand is typically established on the July 4 weekend. I see a very limited prospect that summer driving will surprise [...]

“Every fool aspired to be a knave” and Other Lessons from 1720

[*From “A South Sea Ballad” or “Merry Remarks Upon Exchange Alley Bubbles,” to a new tune “The Grand Elixir” or “The Philosopher's Stone Discovered”.]
You have no doubt heard the famous quip attributed to Karl Marx that “History repeats itself, first as tragedy, second as [...]

Leverage Cycle Tourism: My Trip to the Other Side
The IMF is famous for holding back emerging economies by enforcing anti-growth policies. But not everything the IMF does or says is wrong.
Consider this logic from a recent IMF statement, which provides a good introduction to the leverage cycle:
Recessions associated with financial crises have [...]

Dear Crisis Strategy Alert Member,

Brazilian oil major Petrobras (NYSE:PBR), a new edition to the CSA portfolio, is still plugging away offshore.
Just this week, we got confirmation of how much oil and natural gas Petrobras has access to offshore.
This from yesterday’s Wall Street Journal:
Brazilian state-run energy giant Petroleo Brasileiro SA (PBR), [...]

The Obama Depression:
Pandering and Cronyism Destroy Prosperity
Last Thursday was a truly amazing day.
The Financial Accounting Standards Board (FASB) approved a partial set aside of mark-to-market accounting rules that force banks to value their assets at market prices.
Jettisoning these rules will allow banks to substitute their own whimsical projections for market prices in [...]

Dear CSA Member,
Bear market rallies are strange creatures.
They come at times when it makes the least sense. After all, why should the market move higher when the overall economic outlook is so gloomy?
The rally we saw for the past two weeks was led by the financials and rode on the back of [...]

Dear Crisis Strategy Alert Member,
It’s time to place a market order to sell the remainder of your position in the Direxion Financial Bull 3X Shares ETF (NYSE:FAS).
We are selling our position to avoid further market weakness and capture a gain of 8%.
As always, let me know how you did by sending an email to info@crisisstrategyalert.com. [...]

Dear CSA Member,
I’d like to begin this week’s Crisis Strategy Alert
update by going over some very useful emails from CSA members.
First, this from a Crisis Reader:
I would like to follow your recommendations, but my broker (Scottrade) does not trade CUSIPS, not on the U.S. or Canadian Exchanges. Can you [...]

Closeout Recommendation – Sell 50% of FAS

Dear Crisis Strategy Alert

Reader,
Place a market-order to sell 50% of your position in the Direxion Financial Bull 3X Shares ETF (NYSE:FAS).

We are selling half of our position to capture a 3-day gain of 25%.
As always, let me know how you did by sending an e-mail to info

info@crisisstrategyalert.com

The thing with [...]