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Friday Mailbag

All- there were a lot of great comments and questions this week, I will review several here:

LATVIA

Excellent insights on Latvia and the way to trade the devaluation. Johan from Sweden asks if we are too late shorting Sweden's banks. I think not, and here's why:

Swedbank, one of the largest Swedish banks in Latvia, posted a 2 billion kronor ($250 million) second quarter loss just hours ago, compared to the[...] Click here to continue reading

What’s your breaking point?

You probably know the story of the boiling frog.

The premise is simple.  If a frog is placed in a pot of water that is already boiling, it will immediately sense danger and jump out, relatively unscathed. If it is placed in a pot of cool water, the frog will happily stay in the pot while it is slowly heated to a boil.  By the time the frog realizes the danger, it is too[...] Click here to continue reading

Four reasons to short Sweden

A final note on Latvia today before I put the Baltics to bed for now--

Yesterday I argued that Latvia is definitely headed for devaluation, and that European governments are practically bending over backwards to make sure we know about it.

In comments yesterday, the astute Mr. Marriott pointed out that the grey economy is now flourishing in Latvia; this is undeniably true, and we see evidence of dark economies around the world[...] Click here to continue reading

You Can Profit from this Country’s Devaluation

Yesterday I talked about the demise of the Latvian economy and how it will foretell the future of California. Today I want to talk about the opportunity I see to profit from it.

I have seen the face of crisis before, both in the military and as a civilian. But rarely have I seen such a well-telegraphed money making opportunity to profit from crisis.

Sure, there are a lot of cheap assets in[...] Click here to continue reading

Paul Krugman is wrong

I found out this weekend that Paul Krugman is wrong about Latvia.

For months, mainstream luminaries like Krugman have been telling me that Latvia is the next Argentina, and that the country is on the verge of economic collapse... wait, stop-- what does this even mean? Have the lights suddenly gone out? is the garbage is piling up in the streets? has McDonalds stopped selling Big Macs?

Since I was already close by[...] Click here to continue reading

Mailbag: Answering your questions

Greetings-- lots of questions this week so I'm going to jump right into it:
MARK NESTMANN INTERVIEW

Thanks for the emails and comments from yesterday's Nestmann interview, I'll try to do more things like this... and thanks to Matt for doing such a great job on the interview. The most common question was whether there is a great book like Nestmann's Lifeboat Strategy specifically for Canadians.

We asked Mark, and he said[...] Click here to continue reading

Profit From Panama Canal Expansion

Earlier today, amid much pomp and fanfare, the Panama Canal Authority (ACP) opened the sealed bids for the canal expansion project. Audience members looked on eagerly like it was the Academy Award for best picture...  The lowest bidder? A consortium led by Italy's Impregilo, ringing in for a cool $3.12 billion.

Wait, wait, not so fast.  The contract has yet to be awarded and the ACP has a point system that factors both price[...] Click here to continue reading

Low hanging fruit investment opportunities

Making money is large part of achieving independence and living free.

In my own life, I focus on select entrepreneurial ventures to generate capital, and specific investments which subsequently grow that capital. My investment habits might be best described as 'peculiar,' because, believe it or not, I do not have a strong risk tolerance when it comes to my money:

- I only invest in instruments that I fully understand (or someone I[...] Click here to continue reading

Six “Must Do’s” to Maximize Your Freedom

I'll tell you why Honduras is really starting to trouble me... I have a few friends left at Joint Task Force- Bravo stationed at Soto Cano Air Base about 50 miles from the capital city of Tegucigalpa, and the situation appears quite tense.

Officially the 500+ US military forces on the ground have been ordered back onto the base and to stay out of sight for the time being... SOUTHCOM, the military command that[...] Click here to continue reading

Mailbag: Answering your questions

Today I wanted to get down to the business of answering some of your questions from earlier this week:

First of all, I apologize if I failed to make things clear when I started this letter: I am no longer part of Without Borders; Notes from the Field is not affiliated with Casey Research or Without Borders.  Furthermore, Notes is free and not tied to any other subscription that you might have.

LITHUANIA:
[...] Click here to continue reading