Hi DJ,
Message 17673833
<<3.1%?!>> I am betting that this number will be revised downward in the fullness of time, after due diligence, and much reconsideration.
<<GDP = savings + government deficit + current account>> if true, then, let me see, saving = GDP - government deficit - current account. I trust we see the possibilities in better light now.
Message 17672761
<<I'll be looking for some authorized shorts this weekend, so a good reference, like a list by Abbey K's would come in handy … supports my intention of looking closer at CSCO and EMC, possibly Sun and Amex>>
I believe you are close to the mark, and would be closer still by picking on the still most highly regarded stocks, and would be spot on if distilled down to the essence, the USD.
A blurb from Bear Sterns just crossed my desk by my bullish friend whom we invited to watch the world cup match last night. It is titled, of course and naturally, “Bullish on America”, which necessarily means ‘less bullish on the rest of the world’, with dire implications for Zimbabwe.
In any case, never mind the implications for one moment of levity.
The report is two pages, and its premise, are you ready, is, “… The recent rise in price of gold and the dollar’s “weakness” against other currencies is actually a central part of the bullish case for the US … Best of all, our current recovery is global in nature. Europe should begin to bounce back soon. And Japan is finally breaking out of its deflation spiral, with the Bank of Japan printing huge quantities of Yen and the Yen price of gold, commodities, and wholesale goods rising … In short, the likelihood is that macroeconomic mistakes in the late 1990s which caused a boom and bust have been corrected. The economic aftershocks, while serious, are passing quickly, and are not likely to cause lasting damage …”
Yes, DJ, laughter is permitted.
Now, the explications of note, with implications noted as well
(a) There were macroeconomic mistakes in the late 1990s, made by current macro managers, presumably;
(b) DDGU (dollar down, gold up) is bullish for America, and presumably the more the more bullish
Observation: I guess, then, if it was dollar up and gold down, as we had on Friday, it would be bearish, unless also bullish.
You see, the Abby disease is pervasive, and the equity cult is broad. The repentance is naught, and thus much more punishment is in market.
Otherwise, the nation called Zimbabwe, and the company we know as ZIM would really rocket to the moon, because Mugabe is so much more direct in brokering the wealth transfer process than the Nasdaq and NYSE. This last is an obligatory mention to ZIM so as to not break the rules of the thread.
Chugs, Jay |
