Hi Selva, <<all so confusing, and so dramatic, in such short time.....sleepless nights>>
… I find it same, meaning maximally exhilarating, and wonderfully fortifying. An intoxicating rush of exotic blend of chemicals coursing through the body, tingling, spasm-ing, and ending with a primal scream, accompanied by Aztec chanting.
<<What does one do>>
… advise maximally conservative allocation, slowly pour a beer through a heat-exchange conditioned filter, sit back and watch, anticipating the theatrical developments, thrilling interim climaxes, staged officialdom intervention, and the moral conclusion.
<<I wonder … feels like inflation … reads … deflation worldwide>>
… I am as confused as the next guy about the recession that never was, and the recovery that never will be, about seemingly recovering economy but definitely tanking equity market, about rising unemployment and rising housing market, about destruction of capital of history-breaking proportions and simultaneously cheap and apparently plentiful capital. I think …
Message 17449478
“The script is as before, namely global perpetual WAT, unilaterally financed with fiat paper, funneled through dysfunctional banking system, from Japan to the US, causing unproductively on the global stage and phantom productivity where people care to look, and absolutely wild kick-in-the-behind inflation of all matters necessary, and deflation of most things nice to have.”
… and these other places may offer some warning to the electorates in USA 2004 (the usual bet, if one were to make a bet, is to trust democratic crowds to make decisions that are not extreme in any direction, allowing the system to heal and meander, by and by. OTOH, the conditions may be not normal in 2004) ...
Message 17469761
“(a) lack of production and employment
(b) no lack of fiat cash (inflation is 15%+)
(c) no trust in the financial system
(d) no savings and capital pool by the people (only the ex-gangsters)
(e) no investment
(f) no emphasis on education
(g) too many leaders (democracy is definitely not a cure-all), equating to no leaders, as opposed to bad leaders”
... and ...
Message 17510599
“Both nations lowered the cost of money through artificial means; Japan by their lemming-daisy-chain group capitalism, and the US by a-natural acts of officialdom out to prove their god-like perfection, swap-derivative-enabled omnipotence, and accounting-regulation-aided borrower cheating at all and every level.
Both nations released massive liquidity beyond what the true economy required, resulting in wasteful misallocated of resources. In any case, both states gave birth to bubbles of awesome dimensions.
The bubbles busted and are still bursting; as inevitable as the moon rose yesterday and will rise tomorrow. The resultant clear mistreatment of capital has a price that only will become clear long after the initial bursting.”
… and
Message 17601390
Message 17601477
<<Also, the Euro is ascending like a rocket, giving a less than stellar vote of confidence on the G8 Finance Ministers' meeting, and the upcoming Summit.>>
I am keeping in mind that officialdom can and will intervene, but I believe ‘things are different this time’ and no intervention will heal what must be amputated. The cleansing collapse must happen, short sharp and painful, or long drawn out, agonizing, and excruciating.
<<It might interest people to know that there are oil plantation stocks here in Malaysia which are still selling at PER of around 13, historical. Now, the palm oil price has shot up from some RM 600+ to RM 1,400+ per ton>>
Selva, strange times call for unlikely saviors. Names, names, names, and now!
Chugs, Jay |
