Transcript D. Rosenberg: Gaming The System (1)

Monthly Market Review
“Superior Ideas for Investing”
May 17, 2012
Kevin M. Wilson, ChFC, PhD
President/CEO/CIO
1314 E. Superior Street
Suite 2
Duluth, MN 55805
Dheenu Sivalingam, MBA
AVP/CCO/Senior Analyst
Ted A. Pavlovich, WMS
VP Wealth Management
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Office: 218-464-4399
Toll Free: 877-327-5062
Fax: 218-464-4397
Email: [email protected]
www.bluewatercapitaladvisors.com
INTRODUCTION
TED A. PAVLOVICH
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BLUE WATER’S MOVE TO 1405
MEDICAL ARTS BUILDING, 324 W.
SUPERIOR ST., DULUTH MN 55802
– MAY 31, 2012
- CONVENIENT, FREE VALET PARKING
- ACCESS THROUGH SKYWAY SYSTEM
- IN-HOUSE SMALL GROUP MEETINGS (MMR)
- OPEN HOUSE IN JUNE (DATE TBD)
KEVIN M. WILSON
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BRIEF SITUATION REPORT
TED A. PAVLOVICH
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Global Economy Slowing
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GS Now Says Drop Is >4% GDP,
Causing Recession
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Economic Surprises Are Negative, Moving Stocks Lower
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TBTF Banks Still Gambling and Losing
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THE BEST FOREIGN STOCK
VALUES IN THE NEAR TERM
DHEENU V. SIVALINGAM
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Relative Importance Of Foreign Markets Varies
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The Sizes Of Foreign Markets Are A Factor
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Market Valuations Must Be Monitored
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Most Indexes Have Declined For A Year, So Cheaper
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BIG IDEAS FROM THE BEST
THINKERS: REPORT ON
STRATEGIC INVESTMENT
CONFERENCE (SPEAKERS INCLUDED MARC
FABER, NIALL FERGUSON, MOHAMED EL-ERIAN, DAVID
ROSENBERG, JEFFREY GUNDLACH, DAVID MCWILLIAMS, WOODY
BROCK, DAVID HARDING, LACY HUNT, AND JOHN MAULDIN)
KEVIN M. WILSON
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L. Hunt: Recession Indicators Flashing Red (1)
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L. Hunt: Keynesian Theory Is Wrong, So Our Policy Is Wrong
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J. Gundlach: Federal Debt Is Killing Middle Class Outlook
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J. Gundlach: Interest on Federal Debt
Now $454 Billion Per Year!
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L. Hunt: Debt-Deflation Cycle Will Continue
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J. Gundlach: Composition Of Debt Important
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M. El-Erian: Money Printing Instead of Solutions
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J. Gundlach: Fed Manipulating The Markets
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W. Brock: ECB Also Manipulating The Markets
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D. Rosenberg: GDP Gap Makes Us
Weak Going Into Slowdown
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D. Rosenberg: Gaming The System (1)
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D. Rosenberg: Gaming The System? (2)
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D. Rosenberg: Gaming The System (3)
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SUMMARY & CONCLUSIONS
KEVIN M. WILSON
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Disclaimer
This report is provided for informational purposes only and does not constitute an offer or solicitation to purchase
or sell any security or commodity and is not intended to provide specific advice or recommendations for any
individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to
investing. Any opinions expressed herein are subject to change at any time without notice. Information has been
obtained from sources believed to be reliable, for its accuracy and interpretation are not guaranteed.
Investing in securities involves risk, including possible loss of principal. Past performance should not be taken as
an indication of guarantee of future performance and no representation, express or implied, is made regarding
future performance.
The firm does not provide tax advice; clients should contact their attorney, accountant, or other tax adviser
regarding tax matters.
Blue Water Capital Advisors, LLC is an SEC registered investment advisor. Not FDIC insured. No bank guarantee.
May lose value. Not a deposit. Not insured by any federal government agency. Blue Water Capital Advisors, LLC
is not affiliated with National Bank of Commerce or NATCOM Bancshares, Inc.
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