Maurice, Hooray for <<Greenspan>>. Tonight looks like a DDGU night, and as [EDIT: Act III scene 4] Greenspudnik run out of bunnies, monetization will have to get seriously underway, driving gold up more even as broader equity and housing market and the economy fail to respond as he wish. With that realization puncturing the mind set of J6P, and finally shattering the hopes of S2B. Then, kaboom and crash, followed by the surviving crustaceans buying up anything that is still worth something, along with the services of millions of technically bankrupt ex-consumers.
Where does the small CDMA icon fit into the broader tapestry? You are right, it doesn't.
I am, however, counting on the Maestro's rate cut to lift not just my gold and currencies, but also my HSBC (hk.5, and HBC in US). HSBC, as one of the largest global banks, actually makes 50% of its profit from little Hong Kong. The bank has been paying zero interest on depositors USD and HKD for the past dozen months, even though it has been earning the still respectable interest on the US treasuries. The most recent rate cut will help HSBC even more, thus my participation with the Scot operated adventure. The share itself is paying 4.5-5% dividend, allowing me to recapture otherwise lost income to a great extent.
Greenskaput is doing what he is doing in order to help the weak, such as JPM, even though the strong are in much better position to benefit.
So, you see, I am betting with and against the benighted Maestro, and apparently, so far, winning both ways.
No, no, I am not gloating. If I were, I would know, and instinctively I would start to sell down all of my positions and retreat to regroup.
Chugs, Jay |
