The currencies rally back! …  The risk takers are back! …  Mixed bag of economic reports…  A “cross thing” for sterling… And Now… Today’s Pfennig!

You probably know John Maynard Keynes as an economist, but may not know that he was also a great investor, maybe the most the successful of the Great Depression era. And for that reason, given all that our own markets are going through, it may be a good time to look at his investment career.

“Keynesian” economics has been given a bad name by unprecendeted government bailouts this year. But John Maynard Keynes was also a great investor says Dr. Mark Skousen. His strategy was to buy preferred stocks of quality, high-dividend companies when everyone else was selling. Mark says today’s investors can follow this advice for big long-term gains with the John Hancock Preferred Income Fund (NYSE:HPI).