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Thoughts From the Frontline, July 2003  Greenscam: The View From
Europe  July 26, 2003  This week we review what I learned on my
trip to Geneva; we look at a way to invest in the Chinese
Renminbi; I offer some thoughts on master strategist Paul
McCulley latest essay; I ponder the implications of Bill
Bonner's soon to be released best-seller; and, I get more
concerned (and vocal) about Greenspan and Fed policy. It should
make for a thought-provoking and interesting letter.  The Most
Unlikely Action  July 18, 2003   Poker at the Federal Reserve
July 11, 2003  Is this a critical time in the bond market or are
we simply back to where we were a few months ago before the
recent madness? If it was temporary insanity, what caused it?
Why is the dollar rising? Why have the Japanese sold more
foreign bonds in the past few weeks than in the past few years?
Who is buying those bonds? If the mon