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  1. Water, Energy & More in Argentina • February 23, 2007

    “The Falklands thing was a fight between two bald men over a comb.” — Jorge Luis Borges, Argentine writer Dear Capital & Crisis Investor, I’m sitting poolside here with my buddy Greg Grillot, editor of the fine e-letter Whiskey & Gunpowder. We’re in Cafayate, Argentina, which sits in a valley surrounded by rugged red-speckled mountains. Yesterday, we walked [...]

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  2. Next Stop: Buenos Aires • February 16, 2007

    “In winter we lead a more inward life. Our hearts are warm and merry, like cottages under drifts, whose windows and doors are half concealed, but from whose chimneys the smoke cheerfully ascends.” — Henry David Thoreau, “A Winter Walk” Dear Capital & Crisis Investor, We finally got our big snowstorm here in Maryland. Old Man Winter [...]

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  3. Capital & Crisis: News You Can Use • February 9, 2007

    Dear Capital & Crisis Investor, Following the weekly flow of news is like following the cracks in an old wall with your fingers. Where do they lead? How deep do they go? Some of these cracks meet up with other cracks and you start to piece together what may be happening to the foundation. Some of the [...]

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  4. Why Fertilizer Is Hot Stuff • February 2, 2007

    Dear Capital & Crisis Investor, Fertilizer is hot. A few issues ago, I wrote to you about the possibility of another dust bowl — this time in China, as opposed to the Great Plains of America. We also looked at the decline in grain inventories and the rise of basic foods such as corn and wheat. In [...]

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  5. February 2007 Issue • February 1, 2007

    A darkness blacker than night is how it was often described. At least one could pierce the black veil of night. Not so with this kind of darkness. It was opaque. People were afraid. It was only midmorning. They had never seen anything like it. If you ventured outside into the cold and biting wind, sand [...]

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