Hi Maurice, <<I wonder where ACFlyer has gone>> Probably busy benefiting from globalization, stocking up for the cataclysm, and wondering as I was ‘where is that Maurice:0?’
<<Junichiro Koizumi swing by ... from a trip to Australia>> Visiting the only neighbors where he can get a luke warm reception.
<<Junichiro's visit and Hu's USA visit and other straws … getting their ducks in a row>> They are the ducks. One to provide financing and the other to provide the labour in accordance with some rules they had no part in making and less intention of following, to try to hold all the disparate and desperate pieces of the ORDER together.
<<There are some weighty issues on the agenda these days. Oil … currencies … Argentina-style precipices … Osama … global destruction … Saddam … ruckus in Israel and Palestinian zones …Taiwan, North Korea, Iran. Tibet can wait. Russian oil. Caspian basin oil and Afghanistan pipeline. United Nations. World Trade Organisation>>
Weighty indeed. You worry too much, as I do:0) Ignore all, as the market likes to climb a wall of worry, so I am told, at least until it falls off that wall, I believe, but not until it actually hits the ground.
Do you see the short form summary of your agenda items: resources and their pricing.
But Jay, 'Tibet has nothing to do with resources', you protest, 'it is about self-rule', you believe.
No, Maurice, Tibet is about water, 60% of China’s water. 600k folks will not be allowed to control that water. They will be absorbed before they have a chance at that water. Just is. End of discussion.
Taiwan? Non-issue, because it is being resolved as we post - its capital, talent, retirees and markets are all on the move, to Shanghai. Just so. End of discussion.
The rest of the issues are much tougher to resolve except through the passage of time. Attempts to resolve at faster than the pace of time will be like scratching a skin boil. Yucky, painful and not altogether helpful.
<<large scale coordinated actions by the USA/Japan/Taiwan/China/Russia/Australia/Britain/Hobbitland gang and a few sidekicks>>
No chance because the leader cannot lead. He can only raise tariffs and do domestically popular TV shows.
<<Abandoning an exposed hilltop position if necessary is okay by me!>>
I believe we are running out of fox holes and hilltops, and the last stand is near, a big kaboom, and may the various organic pieces take care of themselves, alive or dead. Alive is better.
<<it does feel good to have a Tonka Truck full of cash instead of leveraged overpriced shares>>
I am told by friends who just visited Australia that steak is 1/10th the price of Hong Kong. Perhaps my CHF can be parked in AUD for a while.
<<I am amazed at the extent of restructuring that has been required to get asset values, incomes, work, savings, interest rates, currencies and buying decisions back into a harmonious relationship>>
Do not be amazed just yet, because the outrage of destructive re-arrangement is still ahead of us.
<<There are existential forces driving it as powerful as the coiling of DNA with greater consequences than DNA development>>
Is this your way of saying ‘inevitable’ ?
Chugs, Jay |
