Hello EP, <<Everything red today>> ... we of the thread should not be surprised.
The supposed 'teenager delinquent' uprising in what used to be peaceful Thailand (Asia just lost another place for vacations) is hitting at my real estate interest;
The assumed 'thugs and dead-enders' rebellion in Iraq is pounding on my nest eggs, and anyone who uses energy;
The ascertained China slowdown is rippling across the financial-scape, and its effect magnified by imagination;
The crimson colour is gushing, spreading from asset class to asset class, cleansing as it goes, and there is so much more of it yet to be done; and
The USD is up, and yet it benefits hardly anyone.
No, the USD is perhaps not up because a sustainable economic recovery is gathering pace. It is up possibly because the panic-stricken and leveraged crowd is running in the direction to assumed safety, only to be slaughtered when it is their time.
I think we will easily go below the post-2000 lows, on just about everything, in just about everywhere, for quite a considerable period, requiring much patience.
There is nowhere to run, and there is nowhere to hide, only odd methods to get hurt, and different ways to die.
The pilgrimage to reality has perhaps started. Cleansing, rapture, and revelation straight ahead, to be followed by quiet contemplation, reflective learning, and getting back to basics, no doubt.
We must try to choose the lesser of the uglies, survive, so as to fight another day.
The next battle field? A strange new economy; the inflation of everything we need, and the deflation of everything we have.
Chugs, Jay |
