The End is Near

Solyndra 101

In a previous article I spoke of “A Tale of Two Cities” drawing various conclusions to support my thesis. In today’s post I’m looking at “man’s follies” and ask the question “will we ever learn”. The very same question was asked by Herodotus of Halicarnassus about 2,500 years ago. Herodotus was hailed by Cicero as the “Father of History” and his works are translated by Tom Holland and edited by Paul Cartedge so we can gain additional insight.

I’m a reader, a studier of the Federal Reserve and a student of The Great Depression. I had a great deal of time on my hands in undergraduate studies. I took several courses no one ever heard of that offered information to learn from. A little less than ten years ago “The Histories” was published. A hard copy sits on my bookshelf, albeit collecting dust but, despite its length is worth bringing to your attention. Amazon currently has it available in every shape and kind so take a look. It’s worth a read.

Before delving into the reason behind today’s “paid for” article let’s review how the I ended the week. I picked up additional short contracts on the Japanese Yen, a position with no boundaries as eventually the Yen has to correct. I am still short a few Orange Juice contracts but close to being stopped out at a profit. Option contracts, calls to be specific on the April 20 VIX and 85 WTI Crude are going in opposite directions which is why they are April calls. Anything can happen and usually will. I’m holding half as much TLT as I did to start the week as my 30-year bond target of 115 was hit but I’m continuing to increase my short position on the Russell Index as Powell’s a man of his word and the Russell, as it was a couple years ago is his target.

Along with several stocks, three other futures have hit my radar; Bitcoin, Cocoa and Corn. I suggest you staying in touch during the week as I’ll discuss the whys, whats and wheres of my thinking on all of these. For now understand that commodities have a life of their own which is why they’re on my radar. For now, “history repeats itself”, and “those who cannot remember the past are condemned to repeat it” takes center stage. It’s happening again today in many ways, foremost of which is how exactly the “administration” as we know it, never read “The Histories” and they never will.