Hi Malcolm, <<HTE>> I will check it out, in a mad dash for yields.
I am concerned that the mad dash for yields by others will bring low RLI gas fields' price up in the near future. If so, buying HTE now is only buying yields, but not really buying hard assets, because they only have a few years of it in the ground.
Malcolm, did I forget to mention the word 'yields' within the last five posts? Did I also forget to use the words "hard assets" within posting memory?
China may be exporting manufacturing deflation via inexpensively made goods that people of the world can enjoy without breaking their bank accounts, Japan is an out-of-control money-well gushing liquidity into the US, and US, the liquidity valve, is faulty, cannot be capped, due to over-heating pumps that are Fannie Mae and Freddie Mac, swamping China in FDI and China/Japan in export revenue.
US, Japan, and China will bring us to TeoTwawKi, and if Europe jumps in on the printing action, we will have h*ll of a party :0)
Soon, a world of zero yields, as all governments issue debt paper with right hand, and buy paper debt with left hand, from 2 years duration to 30 years obligation span, all yielding zero, because no government want its population's asset base to deflate, even if dictated by economic law and financial gravity.
In such a world, travelling close to the speed of light, all yielding assets will be bid up until their yields approach zero. Imagine what that would be like. Imagine Japan, but on a global all-encompassing scale.
Chugs, Jay
Message 16037941 <<July 6th, 2001>>
Message 16159814 <<August 2nd, 2001>>
Message 19037330 <<June 16th, 2003>>
Message 19044668 <<June 19th, 2003>>
Message 19053442 <<June 23rd, 2003>>
Message 19062678 <<June 26th, 2003>>
Message 16040170
July 6th, 2001
Our Maestro in FED,
hollowed be thy name,
thy kingdom dumb,
thy cut will be done in New York as it is in Tokyo.
Give us today our daily cut.
Forgive us our mounting debts,
as we also have forgiven our bettors.
And lead us not into temptation again,
but deliver us from the evil FED.
May the margined faithful gently go below the waves, weighed down in soggy scripts, in silence, without disturbing the rest, in peace, and in pieces. Chugs
... and, oh, we are finally only one step away from here ...
Message 19070342 |
