Hello Pezz, Today's Report:
Got out of bed at 6:00am, as usual, stretched, jogged, and swam, as always, and bought some paper gold @ HKD 5,860 per tael, as I sometimes do.
I added gold because it would appear that the empire does not have the wherewithal to pacify Iran and N.Korea, and so must spend even more paper money to keep events under management in a holding pattern. Well, this is the LTBH reason.
The immediate reason is that vacation trip is coming up at the end of the month, and I do not like to be out of paper gold when I am away from the battle station.
I am also watching your mid-term elections with interest. It seems that the electorates are upset at what has happened to their positioning in domestic economic as well as geopolitical affairs, and at the same time are suspicious of the entire election system, as they well should.
Maybe they are just p*ssed off about the treatment they get while getting on airplanes for the past 5 years and the next 50 years.
I wonder if the 'Nazi appeasers', as termed by Rummy, will be able to make a difference to policies. I doubt it, but leave mind open on the possibilities.
I suspect the opposition will capture the House, and gum up the machinery, which will of course cost more money and result in less than good (as opposed to costing more money and resulting in no good), making necessary more borrowing.
I am still fearful of deflation, as in triple-waterfall depreciation of asset prices, but I believe Ben BurnBurpAndKaput when he explained why deflation will not happen. It is not that I believe deflation will not happen. It is only that I believe Ben BurnBurpAndKaput meant what he promised, about the printing press and the helicopters.
Morons rule! Electorates asked for it. Hooray.
Chugs, J |
