Hello Maurice, <<Presto, Japan doesn't implode>>
It is now Wednesday March 13th 3:12pm. I am at about thirty thousand feet, heading south to Wuhan from Beijing. I am to have one meeting on Thursday and then head home to HK Friday early AM, only to return to Beijing on the Monday, again, once more, et cetera, ..., ... and so forth. No, pixilated video and cyber cosmic phone will not do; only 3D eye ball to eye ball in 3D.
As you can imagine, life goes by quickly when lived in this manner. Do I like it? Yes. Do I like to live in other ways? Yes again.
My travel time is thinking time, and so I think, thank, and thunk away.
On the Nikkei going up, yes, it was doing that, until it could no longer. Sham market can only manage so much sham. It went up for the traditional reason that it must go up, dictated by the officialdom, to save the banks and insurance companies, but only for the March 31st reckoning day.
It is now definitely heading down, for all the good reasons we reasoned. Elmat pointed out, because the salted peanuts and punch is no more, and the crowds head for the door.
The locals were not buying shares. It was the gaijins, speculating for the umpteenth time in 12 years. The locals were busy buying gold and opening new bank accounts; all with what cash they already have, and do not see how to earn more.
The collapse script is intact in Japan, sequencing through the scenes of kaboom, lies, downgrades, intervention, kaboom, fraud, bankruptcies, intervention, hope, kaboom, protectionism, political extremism, devaluation, deflation, kaboom, ..., gold. Just like the script played out in any number of other countries.
Smaller countries like Argentina and Mexico take a couple of years to cleanse. Japan may take a couple of decade. Think physics.
Tiny coconut countries like Trinidad rarely bubble, because it takes too little money to cause one, thus not able to satisfy global investor demand for froth and foam.
On this …
Message 17183143
<<NZ gas fields are running down and by 2005 or 2007 there will be a reduction in production of large proportions. Importing LNG to New Plymouth might become a good idea ...>>
I have an improvement to suggest. NZ can invest in Trini gas fields, comfortable in the knowledge that the assets are operated by multinationals under British common law, away from the lawlessness of Indonesia and the overage of law in the US (alert, lawyer taunt between the lines:0), earn money from the investment, and use the proceeds to buy Australian and Indonesian nearby. I am certain there is way Goldman Sachs can hedge out the Islamic extremism via some offshore entity back in the Caribbean. There is no movement of physical stock necessary for small users like NZ when one can simply move money around.
As to this …
Message 17190532
<<Global Crossing Senior Notes … I bailed out for the price I paid>> very wise. Now, what are you doing with your Q? The same logic applies, and the script is the same.
<<negative satisfaction that you paid way too much for the GX debt>> bad attitude, but OK amongst friends.
<<I'll have to get my sniper scope tuned up and looking for prime targets>> Suggestion, look deep within your own portfolio:0)
I have just returned from B.A.T.S. bar at the Shangri-la Hotel. Pulsating music, black lights, silkily dressed hostesses. I downed three watermelon juices while listening to songs by a Filipino band. I wanted to smash my skull against the marble counter top due to the sheer beauty of one girl. The fruit juice alone was liquid courage enough for me to touch fingertips with her, and then hold her hand to pat me on top of the head. I am such an animal.
Now I come back to my room and watch the market go down, again, making my equity worth less.
Chugs, Jay |
