Jaime "Jim" Mosquera was born in Panama City, Panama in 1963. He spent his formative years in Panama City and St. Louis, Missouri. He was an accomplished baseball player though he knew some intellectual pursuit was in his future. He graduated near the top of his class from the University of Missouri-Columbia with Masters and Bachelors degrees in Industrial Engineering.
After college he entered the world of telecommunications. He served in a variety of roles including engineering, sales and sales support, product development, and training. In 2002, he received a patent for a software application he developed with a colleague.
Since his graduation from college, he yearned for something more. In 1987 he began a comprehensive study of economics and the markets. He began trading futures that year and was highly successful during the stock market crash of 1987. He furthered his education by successfully completing the requirements for a Series 3 license (Commodity Trading Advisor). Mr. Mosquera also developed software for use in commodity trading.
In the late 1990s, he realized that something was amiss in the stock market. There were many people who were suddenly successful making money without having any meaningful experience in the markets. Being employed in technology, he could see the Internet bubble materializing. He warned those that he knew to remove their money from the stock market since it appeared a large bubble was about to pop.
Over the next several years, he acquired more knowledge that ultimately led to the publication of a financial and economic newsletter. This publication inspired the creation of a book on the financial crisis of 2007-2008 called Escaping Oz. For many people, the financial crisis was a bump in the road. To Mr. Mosquera, there is something much more sinister that lurks.
Escaping Oz is written using the story of the Wizard of Oz as a metaphor for where we find ourselves economically. He uses this metaphor to help people understand what at times can be an intimidating subject. This book could be one of the most important publications many people will read in the next few years. An understanding of the economic issues will be essential as economics and politics continue to intersect in the future
Elliott Wave International
Boys & Girls Club
© 2014 Red Room Omnimedia Corporation. All rights reserved.