Snowshoe, <<Are you ready for crimson mist and brown spatter?>>
... more or less, at least for crimson splatter and brown mist :0)
I actually prefer to be at 15% equity as opposed to my current 20%.
I find it tough to ramp down equity because cash is also trash; non-base currency monies could be traps, and base currency could be toxic.
<<More like a year ago, I think>>
... I did a search on relevant key words, and here are the earliest mentions I found, hinting at what could be that now is; enticingly revealing the delicious Script of Collapse and lip smacking Tale of Doom :0)
Message 14869036
November 22nd, 2000
… On the trade deficit, it drives manufacturing asset rich old economy into the ocean in favor of human capital rich new economy. Uncharted territory. Human beings are fickle.
Message 15839776
May 22nd, 2001
… I think gold vs. dollar vs. Euro vs. Yen, trade blocs vs. globalization, Islam vs. Christianity, Hindu vs. Islam, Israel vs. Arabs, Japan vs. Asia ex-Japan, India vs. China, Pakistan vs. India, Russia vs. EU, communism vs. capitalism vs. socialism, gun vs. butter, nuclear power vs. carbon energy, Republicans vs. Democrats, Tory vs. Labor, Marx vs. Adam Smith, inflation vs. price stability, US vs. China, China vs. Taiwan, Via vs. Intel, Legend vs. Dell, Linux vs. Windows, etc. are all dots on the same continuum of geopolitical, socioeconomic and ethnic tapestry. Any issue on this tapestry is related in every way to every other issue.
Message 16133735
July 26th, 2001
Hi Oblomov, <<Wouldn't "global income equalization" appear (in the developed world) as deflation?>>
Yes, absolutely, Deflation could/should hit the developed world as a result of globalization, and even there, hits differently by geography and sector. But, of course, the globalist would say that given the overall rise of global income as a result of absolutely free trade, the Hawaii condo will maintain its value even as the Shanghai suburb sharply increases in value.
I am of two minds on all this ...
"Behind Door #1, we have globalization and its consequences of income equalization. Reduction of prices on certain goods, services and property and increase of prices on certain other goodies, depending on geography, sector, economic class and other less identifiable target markers. The overall effect should be a rise in overall global GDP, unless the social disruption is so large that the whole matter's cost/benefit will be a wash, or in the worst case, negative"
and
"Behind Door #2, we have heighten protectionism, reduced trade, and as we are on the precipice of an economic and financial free-fall resulting from a bubble exploding, we could be further blown to bits in a depression given this mentioned deflation"
Do not get me wrong. I do think the world would be better off if income is more evenly distributed (as usual, I will just hold on to my chunk of goodies), but I think what the authorities have failed to consider is that their push for globalization will, all by itself, trigger new momentum for protectionism.
Chugs, Jay |
