Wednesday, May 5, 2010

Book Report - What Goes Up Eventually Comes Down.

I was not chomping at the bit for another book to read given the fact that;
(a) I had just finished Charles Smith's Survival + Structuring Prosperity for Yourself and the Nation, which absolutely must be on your reading list,
(b) I had just picked up a pleasure read entitled Paul Revere's Ride and
(c) the weather has turned fantastic here in mid Michigan and the new Calloway Hyper X Driver I just bought needs some attention.

Not withstanding all these distractions What Goes Up Eventually Comes Down
by Bill Helming was brought to my attention by a close friend (thx Art!). Needless to say I started on his copy while mine was on route and I could not put it down.

For a little background on the author Bill Helming which you can read his C.V. here. Suffice to say Helming is no rookie or sell side zombie/hack for Wall St. operation. Helming has been in the ag business all his life. As a disclaimer I have never met or spoken with the man.

Bill does not say X will happen simply because he says so which normally would qualify him for permanent guest status on the propaganda network (CNBC). Bill also does not say Y will happen and baffle you with so much bullshit you don't know whether you're coming or going which would normally qualify him to run the Fed or Goldman Sachs CDO desk.

What Bill Helming does do is outline in a clear, concise, easy to understand manner what is transpiring around us and what it means for you. His book includes many graphs which are straightforward, lucid and easy to comprehend. The best part of What Goes Up Eventually Comes Down is that it is ultra current in that Bill wrote the book during the 7 months of June-December 2009 and was published in early January of this year.

Now, for those of you looking for rainbows, nirvana and Goldilocks, I suggest you continue pounding the kool-aid with your friends Larry Kudlow, Jim Cramer and the rest of the Boobs and Boobs in chairs on CNBC (hat tip to Mike Morgan for that one!).

Bill pulls no punches as to what he sees on the horizon for us and our economy. He also makes painfully clear that he would prefer to be proven wrong about what he sees coming.

I cannot recommend What Goes Up Eventually Comes Down strongly enough to anyone with even a remote interest in their financial future. Books like this should be required reading for all but I would especially call on the inflationists and hyper-inflationists out there to give this book a chance, in particular chapter 7. This book is worth its price simply for that chapter alone.
Do yourself an enormous favor and order a copy today. You will not be disappointed.

Full disclosure and for what it is worth I receive no commission, fees, gratuities of any type for this review and recommendation of What Goes Up Eventually Comes Down.

Quick side note on deflation, That Calloway Hyper X driver I just bought was a $300 club last season and I just picked mine at Dick's for $106 with taxes. This is just another small anecdote but I think it does reflect the current environ. Hardly inflationary I would think.

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $12.06
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $10.52
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $21.97
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 92.15 stop @ $89.68
Long 1 unit Ultrashort Gold ticker GLL @ $43.05 stop @ $41.74

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