MarketSkeptics aims to provide insights by taking a hard look at the economy and financial system while ignoring the mindless optimism found on Wall Street. To this end, MarketSkeptics will closely monitor economic/political developments around the world, the government's various market interventions (bailouts), the state of the job/housing markets, and other current economic indicators (inflation, Libor, etc).
Understanding the big picture about the fundamentals driving the economy is key to predicting broad trends in the market and finding attractive investment opportunities.
Setting Up A Fund To Invest In Russian Aggriculture
I plan to move to Russia later this year and intend to move forwards with setting up a fund to invest in Russian agriculture.
The idea behind starting a fund is simple: I believe there is a lack of safe investments to gain exposure to agriculture. I am looking to channel as much money as possible directly into what I see as some of the most undervalued agricultural land on Earth.
About Me
In October 2007, while I was looking up information about the subprime crisis, I read some articles about bond insurers, SIVs, and how credit ratings worked. I remember thinking to myself: "I can't believe this! the US financial system is an enormous ponzi scheme." I went short the market and sent out emails to my family and friends warning of a market crash. Since then, I have closely followed what's been happening in the economy, because I believe the best way to understand something is to watch it fall apart. A Note on Advertising
I started my blog, MarketSkeptics.com, in September 2008. Since I was regularly sending out warning emails, I decided to post these warnings online and earn some ad revenue.
Here are the links to some of the my old emails from before MarketSkeptics.com:
October 2007 emails warning about a stock market crash
January/February 2008 emails warning about credit bubble, inflation, and deflation
Emails About 2008 Oil Bubble
My current plan is to continue tracking financial developments and the dollar from here in Rowayton, Connecticut.
As I am pretty much devoting my full attention towards maintaining this site and covering the financial crisis, donations and advertising revenue are my primary sources of income right now. Currently, there are three sources of ad revenue for the site.
The first form of advertising revenue comes from Google ads. These display contextual ads based on the content of the page they appear on. Although I have little control over what shows up, I do try to filter out inappropriate ads when I see them (chnlove.com, match.com, etc…).
The second form of advertising comes from the eBay banner to the right. I particularly like this banner as I find it useful to see where the eBay price gold is trading. EBay isn’t the cheapest place to buy gold, but it does offer two advantages: you can pay with a credit card and your gold is shipped right away. Just make sure you buy gold from a seller with a lot of positive feedback.
The third form of advertising revenue comes from Amazon.com. If you click on the Amazon banner located at the bottom of the right sidebar, and do some shopping there, a 4-8% commission will flow back to MarketSkeptics.com, helping to support the site.
Donations to support market skepticism are also welcome and appreciated.
For media requests
Please feel free to quote from the blog (with a reference). Also, please feel free to email me. (Don’t be surprised if there is a slight delay before hearing back from me: I am still adjusting to the volume of emails MarketSkeptics.com has begun to generate.)
Thank you and best regards to all.
email
The quality of your blog posts does not match your resume-which one is wrong?
Eric is a brilliant young original mind who has found his voice. Who needs a PHD if one can think.
I found your work very useful and readable, I can read here things that many suspect but very few are telling. Thanks a lot, God bless you!
Well, according to historic drought levels in South America is it safe to say that viticulture of Argentina and Chilean regions will be producing some great wines in the years to come?
In all honesty, I find your postings well thought out to synchronize with today's events.
You are a true gift to the internet. Thank you for your insightful posts.
I love your blog. You are the only objective, realistic blogger I know when talking about China. I should include all mainstream too. You do understand this country, well done.
Btw, you know China's GDP growth for 2007 was early (Jan 2008) announced to be 11.4%. It was revised upwards for 3 times till they released the final growth in Jan 2009: 13%.
Every year, China revises its GDP growth for 3 times, ALWAYS upwards. Do you expect the final figure for 2008, to be released in Jan 2010, to be above 10%?
I stumbled across this blog I can't remember how. The content quality and lucid analysis immediately jumped out. This guy really gets the big picture.
Eric, thank you. I have already done very well applying what I've learned from your site. Isn't your resume interesting. A very smart person can gain huge insight about the real world doing entry level work in so many different businesses.
Thank you, Eric, for your brilliant posts!
I'm reading your blog since last December and I got a lot of new info, especially about China.
I'm pretty sure that eventually all your predictions will come true... (sadly for many)...
Couple of my friends are your fans now too :-))) I tipped them about your works...
So "spasibo" from cold Russia!
:-)))
The amount of knowledge and wisdom that you have at your age is astounding. Thank you for sharing it with the rest of us.
Great great insight Eric.
Thanks for your existence.
Great Resume Eric
Your life skills must help your predictions - not
I read your January report on global warming and the effects on food production which showed a map with the extreme droughts this year. Firstly who provided the data and secondly I believe that if you researched further you will find that the previous major droughts of 50 and 100 years ago only lasted a year or two and were as severe as the recent report. I suggest that you provide comparisons for a couple of historic major drought periods and the two or three year periods folowing the first year of drought and you will find that unless we have sustained drought for a four or five year period we are not experiencing global warming but purely nature.
Eric i thought of you with your fresh insight when I read this article:
Dangers of Clinging to Solutions of the Past
http://www.marketwatch.com/news/story/story.aspx?guid=%7B07B376D2%2D997E%2D4CBE%2DB493%2D3D6E104DFFA3%7D&siteid=rss
Important to look at things differently these days. Thank you. Keep it up.
"Well, according to historic drought levels in South America is it safe to say that viticulture of Argentina and Chilean regions will be producing some great wines in the years to come?"
I opened a malbec this evening and thought the same thing; I digress..
I find this blog to balance out the economic/financial data and news I receive from various sources. The material is fresh, original, informative and quite helpful in deciphering macroeconomic trends involving (mostly, but not exclusively) the US and China. Thanks Eric
Congratulations, Eric -- you're now on the radar. So here come the attackers.
Your blog is catching on like wildfire because you are carefully explaining the rampant disfunction of the gloabal finacial system. In plain words, in easy-to see graphs, in utter realistic, unflinching contempt.
You are the reason the internet was invented -- to get out info.
Thank you so much.
Great blog, however, something just doesn't seem quite right.
Your resume seems completely out of place for what you're writing and the thing with your email predictions?? Come on, thats bull.
My guess is that you are a copy and paste merchant!
But wherever it is you're copying from, i like it, so keep up the good work!
To those who question Eric's credentials -- did you notice that the blog is called "Market Skeptics"? In my experience those who are "boosters" and who stoke the egos of those in power get the plum jobs while those who are skeptical and recognize that the "emperors have no clothes" do not. Pay attention to Eric's ideas and analysis, not whether he got picked by the establishment powers to carry their water!
Hey Eric, I came across your website for the first time today via a link referenced in FreeRepublic.com. Your site provides a lot of info I will be checking frequently in the future. I appreciate you saying what you think people need to hear and not just what they want to hear. Post the facts good or bad and your site will do well.
Eric: I too recently found your blog and having read several of your pieces. I have recommended it today to the members of www.pumacpac.org
Think and write on....and Thank you.
Eric, thank you for the time and effort that you put into the blog. I've checked it daily for several months now. Your analysis is very interesting. Please keep up the good work.
Eric:
I just stumbled across this website, I can't remember from where it was linked, but I wanted to leave a note of thanks to you and your website.
I really appreciate all the information you have written, and most importantly, you let your readers know the signanficance of it, unfiltered, and unbiased.
I can no longer watch CNBC or any other MSM for that matter, they spin everything, I mean I knwe they used spin things before, but I have never in my lifetime seen the agressiveness and blatantness towards a certain political party before, and so any financial news is tainted with that spin.
Keep up the good work.. I am sending your link to all my friends, they too will appreciate your work on this website.
Thank you!
very good blog, just have to say keep up the good work. its not often i feel compelled to compliment.
Hey young man - first time I saw your picture and read your resume today. You have a rare gift for seeing the big picture ... and expressing your view unabashedly. Keep it up!
Eric, interesting and well presented website.
For all of you who think his resume doesn't match his postings - accounting education usually includes courses on economic (micro and macro), finance, statistics, treasury, not to mention understanding of financial information.
Considering he also worked in an accounting firm, he should also be able to analyze a FS and understand how so much can be manipulated and how scary things like mark to market can be.
Eric, thanks for your hard work and for showing accounting education provides much more than simple bookkeeping.
Great information. Congratulations.
I'd like to see an update on your February posting regarding the global food crisis this year. When I searched for follow up information on the net I found the USDA May stats on estimated world crop production, by crop, painted a far rosier picture than your February article. Have you continued to investigate this issue? I am sure many would be interested in your honest reappraisal and analysis.
Eric,
You shouldn't leave yourself wide open like that, posting your resume along with your name and personal info. It's dangerous. I love your blog, but for the love of god, protect your privacy.
Great! this is based on fact, at last.
someone to keep an eye on. Do you have any idea about what the short term and long term out look is going to be?
Many look but do not see.
You see and put 2 and 2 together.
I hope your move to Russia works out well. I believe it will.
Whats your IQ?
Your blog is good, but some articles and themes developed are pretty irréalises..and when reading them we have the impression that they have no objectif and can't help anyone to have a real view about life, economy or business.
Why there are articles about dollar, gold and silver and not agriculture or other field
found your post on gold somewhere in one of a hundred free daily posts and i can't remember which one. however , i am aware of the events and circumstances and rumors you put so nicely. i thought it was concise, informative and free. i posted a link to stockhouse and i hope it gets you more exposure.
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