(Jay, I must say you had me by the family jewels for a few moments, but then I saw nothing confirmatory
on a brief search for confirmation and thought, oh, Jay is having fun...) I guess I passed the stress test
since i have 5% of my retirement money in GG, SWC, and FN.Tor, the rest in short term US treasuries
and a few treasury zeroes...gave me an idea for something that might be fun, and food for thought.
We most of us on this thread try to watch our arses, expecting the current situation to be unsustainable.
Sometimes I daydream about what exact scenario will actually provoke a debacle, not unlike LTCM or
Jay's phantom company that brings all hell loose. Anyone interested in posing a specific event, possibly now
visible to some perspicacious individual that will trigger the fall of king dollar? It might be interesting to go on record as identifying a specific event(s) to set the ball rolling downhill. Of course many scenarios
have been sketched, war in Mid-East, assassination of the House of Saud, the failure of a major US bank,
an earthquake of magnitude Richter 8, epicenter Tokyo...all possibilities of varying probablities from 0-.3333,etc.
But for grins, how about taking a stab for posterity at the specific event that triggers what we all(well, many, anyway) feel is likely?
I was not yet born(quite), but Orson Welles did quite a number with his invasion by Mars broadcast, and I daresay if Jay
had had a little broader audience than this heavily lurked thread we might have seen Black Monday-Jay Chen
style. I consider it frivolous but acceptable with a 2 day July 4th holiday after tomorrow. (That is supposed to be
an apology for frivolity, with everyone understanding people with working crystal balls are disqualified.
jim black |
