UN compensation is also tax-free.
Welcome back. Trust all is better than well.
I am at the airport, in Guiyang city, capital of Guizhou province, a place of much natural resource, and heading back to HK. My work in this vibrant but backwater of a relatively backward place is to see if and how the place might be brought to join the wealthy coastal regions while at the same time spared of the nastier tranches of environmental cost. Long term initiative.
I will travel to Brussels in about 48 hours, to discuss with client board about what the client had done in the past 24 months per China-centric strategy formulated and ok-ed by the board (capacity increased in china and decreased elsewheres, r&d moved to china, machines sourced from china, m&a done in china, etc) what is the context now, and what might now be done to enhance the strategy.
I recently reduced my equity exposure from 17% to 10%; shifted all except CAD to HKD/USD, upped paper gold allocation, basically figuring on camping on a 'null' position;
and now I am fearful, that everything I sold will terribly rise, and worse, that everything I bought will horribly drop, for there is no such thing as a 'null' position.
I am really looking forward to quality family and friends time upon return from Brussels by end of weekend.
Need to work out approach to 2008 during quality respite.
Chugs, TJ
P.S. 2008 ought to be even more interesting than 2007. |
