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Posts by: Eric Fry

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Eric Fry

Eric J. Fry, has been a specialist in international equities since the early 1980s. He was a professional portfolio manager for more than 10 years, specializing in international investment strategies and short-selling. Eric is a frequent contributor to the Daily Reckoning and the voice of the sometimes abrasive, mostly entertaining and always insightful Rude Awakening. His views and investment insights have appeared in numerous publications including Time, Barron's, Wall Street Journal, International Herald Tribune, Business Week, USA Today, Los Angeles Times, San Francisco Chronicle and Money. He appears regularly on business news stations including CNBC and Fox.

  1. Daily Reckoning

    Goldman Sachs is a “Sell” • February 1, 2012

    For once, we agree with the insiders at Goldman Sachs. The company’s stock is a “Sell.” Okay, so the insiders didn’t exactly say their stock is a “sell,” but they didn’t need to. Their feet did all the talking. Last week, nine Goldman insiders scurried away from their stock as fast as the law would …Read more…

  2. Daily Reckoning

    Goldman Sachs is Probably Not a “Buy” • January 31, 2012

    “I don’t know much about the stock market,” says Matt Taibbi, the witty critic of Goldman Sachs and other financial atrocities, “but when the O’Neills of the world start telling me what a great investment opportunity the American stock market is, I start getting the urge to buy canned food.” The specific O’Neill that Taibbi …Read more…

  3. Daily Reckoning

    Gentlemen, Start Your Printing Presses! • January 25, 2012

    Whoops!…Oh dear!…It looks like Ben fell off the wagon again! Such a shame. He had been doing so well ever since he put that bottle of “Old Q.E.” back on the shelf last June… and got sober. But a few weeks back, he tripped up on his 12-step program and started nipping at the bottle …Read more…

  4. Daily Reckoning

    How “Adjusting for Slippage” Adds to Sovereign Debt Woes • January 17, 2012

    Sacré bleu!… Last Friday, the French gained yet one more reason to grumble — over their midday galettes and Gauloises — about those annoying Americans. Standard & Poor’s, the American ratings agency, downgraded the French government’s credit rating from AAA to AA+. “AA+ is also not a bad rating,” reassured German Chancellor Angela Merkel. The …Read more…

  5. Daily Reckoning

    Pinstriped Psychopaths • January 13, 2012

    Some psychopaths occupy a prison cell. Others occupy a corner office. Both are dangerous. Psychopaths possess a profound lack of empathy. They use other people callously and remorselessly for their own ends. Psychopathic CEOs are no different. By advancing their own interests, with little regard for the agony they …Read more…

  6. Daily Reckoning

    Greed and Deception on Wall Street • January 13, 2012

    For the last several months, the sordid tales of greed and deception issuing from Wall Street have read like the story line from a riveting suspense thriller. But the most recent tales are so unbelievably gruesome that they resemble the story line from a documentary about Jeffrey Dahmer or …Read more…

  7. Daily Reckoning

    How Central Bankers Attempt to “Cure” Insolvency • January 6, 2012

    Like trying to patch a nuclear reactor with scotch tape and chewing gum, the central banks of the world’s leading economies are trying to Spackle over cracks in the global monetary system with a variety of desperate tactics and measures. Unfortunately, hiding the cracks does nothing to strengthen the underlying infrastructure. To the contrary, hiding …Read more…