Hello Pezz, Today's Report:
I did work, and then reflected on the state of IS.
It IS perhaps time for what we have been afraid of. Nothing to be alarmed about, but I increased my my paper gold by 25% in tael (Chinese weight for gold hoard) terms. Just a precautionary measure, in case I am right. Besides, when in doubt, buy gold, and if puzzled, buy more, until all is clear, then start selling ;0)
I think it may be time for GUDDEEDAW ("Gold Up, Dollar Down, Everything Else Down As Well"); in this round, the industrial metals may not fare as well as they did the last bout.
Short perhaps also the Chinese internet shares, taser, and the rest of the trash, like autos and such, eventually more housing shorts, and of course, Maurice's Q will take a fall, say 70% down, and at somepoint, do not forget the cousins Fannie and Freddie, who will be whipped and then sawed in the coming interest rate up, down and then WTFU ("way the fcuk up") ?
Events are beginning to get interesting, and so perhaps we do not have to invest in the museum heist after all.
I also received a e-mail regarding the an attached HSBC Report titled "Global Economics - A recovery built on marshlands of debt".
The 74-page report covers all relevant countries in the world, one lovely at a time, one by one, in exquisite detail ... but I found it curious that the report is SPECIFICALLY NOT FOR DISTRIBUTION to folks in the USA.
It's like, "lets not tell them folks what will happen".
The report is weighty, in kilos and pounds, and if printed out, can probably be used as a deadly weapon against something mightier than a large rodent.
QUOTE
Subject: Global Economics - A recovery built on marshlands of debt
Global Economics
A recovery built on marshlands of debt
This document is not for distribution to US clients
* Recovery built on leverage...
* ...and unsustainable asset bubbles.
* Interest rate increases this year...
* ...to be followed by rate cuts later in 2005.
UNQUOTE
Chugs, Jay |
