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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

    Greeks Run on Banks as Euro-Confidence Wanes • May 21, 2012

    In Pamplona, Spaniards run with the bulls. In Athens, Greeks run on the banks. Yes, folks a good, old-fashioned bank run is underway in Greece. a:2:{i:0;s:227:”";i:1;s:227:”";} During the last couple of years, anxious Greeks have yanked a net €72 billion from the banking system — or nearly a third of total short-term bank deposits. And …Read more…

  2. Daily Reckoning

    The “Corzine-Dimon Syndrome” • May 15, 2012

    On its best days, the American judicial process is a blindfolded Lady Justice — prosecuting the truly guilty and exonerating the truly innocent. On its worst days, it is a Water Wiggle — whirling around unpredictably, without any apparent connection to guilt, innocence, Constitutionality or the proportionality of alleged crimes to one another. On good …Read more…

  3. Daily Reckoning

    How Bailouts Encourage Bad Behavior • May 8, 2012

    Greece returned to Europe’s center stage this morning…and almost no one was happy about it. Most investors were pretty content when this “Debbie Downer-opoulos” of the European financial markets disappeared behind the curtains for a while. But Debbie took the stage again Sunday when the left-wing Syriza party gained a surprisingly large number of seats …Read more…

  4. Daily Reckoning

    China Buys Gold…No Matter Who’s Selling • May 4, 2012

    Someone is selling in size…Someone is buying in size. That’s what makes markets, as the saying goes. But that’s also what makes market manipulations, according to the bloggers at Zero Hedge. The seller in this case is very large and very sloppy, perhaps intentionally so. The buyer is also very large, but very patient and …Read more…

  5. Daily Reckoning

    Preparing for a Lengthy and Unpredictable US Dollar Crisis • May 1, 2012

    “On the threshold of a crisis,” we observed in our essay “Investing Ahead of the Curve” in the July 19, 2011 edition of The Daily Reckoning, “a fertile imagination can be an investor’s most valuable asset.” “During normal times,” we continued, “investors can focus only on buying quality stocks one by one from the bottom …Read more…

  6. Daily Reckoning

    Musings on the Work of Harry Browne • April 26, 2012

    After a quick whistle-stop tour through Chicago and Atlanta, your California editor’s Pullman screeched to a halt in Denver, Colorado last night. Upon arrival, he stepped down from his Pullman, which bore an uncanny resemblance to a Boeing 757, hailed a porter, which bore an uncanny resemblance to a conveyor belt, climbed into his awaiting …Read more…

  7. Daily Reckoning

    Feral Drones…and Other Invasive Species • April 20, 2012

    “There’s a bull market in targeted killings,” quips Lauren Lyster, the witty and insightful anchor of RT’s Capital Account. Admittedly, this bull market is in its early stages. (Only a couple of American citizens, so far, have met their demise at the losing end of a killer-drone strike). But Lyster is formulating her view of …Read more…