We interviewed Rick Ackerman yesterday, and he hit us with his prediction that the dollar was headed up. However, he was emphatic this was not an indication of the dollar’s fundamental health but rather a sign of the Euro’s impending slide. The buck is “The best looking horse in the glue factory.” Unfortunately, while misery may enjoy company, it doesn’t make anyone any happier.

These are exciting times in which we are living, and there is an end to the major eruptions that we are witnessing. Rick’s hidden pivot system can help keep you ahead of the trend and ready for the next Black Swan.

Feel free to write us at kl@kerrylutz.com or call 347-460-LUTZ.

Direct download: Rick_Ackerman_01-04-12.mp3
Category:general -- posted at: 10:22 PM
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Some of my best thinking takes place at the gym; it must have something to do with the enhanced oxygen supply and the high level of endorphins. While doing cardio and aerobics, it suddenly dawned on me that what the world needs is a special bankruptcy court, just for countries. That way, when a country becomes insolvent, they would do what companies and individuals have been doing for hundreds of years, file Chapter 11 (a reorganization plan). When things are really bad they could file a Chapter 7 and simply liquidate the country and go out of business altogether.

It really makes total sense. A trustee could be appointed to make the decisions that politicians just can’t bring themselves to do. Like reducing excessive retirement benefits for government workers, or drastically reducing entitlement programs. The current system is failing so an alternative must be found shortly. Perhaps this is it.

Please send your questions to kl@kerrylutz.com or call us at 347-460-LUTZ.

Direct download: TLR_143.mp3
Category:general -- posted at: 9:19 PM
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