The BIA Global Strategy Model Portfolio has added to the position in the ProsShares Ultra VIX Short-term Futures ETF (UVXY) . An additional 1.5% position of UVXY was added at a cost of 5.95. The total position currently represents about 4.2% of the model portfolio with an average cost of 5.70 Click … Continue reading
BIA Commentary and Opinion In his recent book How an Economy Grows and Why It Crashes Peter Schiff describes John Maynard Keynes as “a very smart early twentieth century English academic who developed some very stupid ideas about what makes economies grow. Essentially Keynes managed to pull off one of the neatest tricks imaginable: he made … Continue reading
BIA Common Cents I am often asked what does it mean to invest with “an eye toward the Austrian School of Economic Thought?” Is there a certain way that an “Austrian” should invest? Is there an “Austrian School of Investment Thought?” In a word , no. There is no Austrian School of Investment Thought. But … Continue reading
BIA Commentary and Opinion (Originally published on May 13, 2009) Right up until that fateful week in September of 2008 when Lehman Brothers, Fannie Mae, Freddie Mac,Merrill Lynch and AIG all imploded, most of the media, government and financial professionals either could not or would not acknowledge the economic disaster that was unfolding before their … Continue reading