Latest Purchase

        This morning I am in deep contract negotiations and will not be filing an additional blog beyond what went out last night. I was wrong about the short-euro short-Greek bond trade unrolling fast. It is unrolling slowly maybe because some hedge fund investors already pulled back before the weekend.

   My article last night began with a long quotation from John Stuart Mill which did not go out in the blue type I wrote it in. The blue marks a quotation. The reasoning behind quoting Mill was to tell you all that Global Investing is not just about making money (although we do that too.) It is also aiming at enlightening and entertaining the readers with information on what fellow humans are up to in foreign lands. The quirks and insights this provides can help us make money or increase our happiness.

    I was inspired to this comment by notes emailed to me by two paid subscribers of Irish and Hong Kong nationality who were reacting to what I had to say about those places. The Irishman withdrew his charge that my calling the language of the country Erse was pejorative after I cited chapter and verse from the almost-new dictionary I used. The Hong Kong lady liked my take on Little Sweetie, an heiress who can inspire us both.