just attended my daughter's 4th birthday party at grandparents
her little friends from school, 20, attended, with parents in toll
take aways from folks who put their money where there mouth is
- bloomingdales in nyc selling summer clothing because cannot make payment to suppliers
- morgan stanley will definitely not remain independent and may not even last beyond next week, as counterparties had cut them off as of friday
- china's cooperation in cleaning up the mess of wall street may involve cost of agreeing to a drastic DEVALUATION of rmb, so that China can spend 5x the amount of moolah used to reconstruct/reform the cities on the countryside
- luxury brand outfit had committed to build a caviar restaurant in hk cbd 3 months ago, thus marking the absolute top in everything that is good
- many hfunds shutting asian offices
- fdi in china will not be allowed to escape, and expect up to 12:1 (40-50% devaluation against usd) exchange rate to the usd
- there will be a lot of leverage dying soon enough in everything hkg
- officialdoms everywhere will add a zero to their respective paper monies and instruments - the problems will be 'solved' the traditional way
- china will boom, if guided correctly; look to get into china consumer-oriented stocks
- recommendation: buy gold, wait for opportunities to deploy fire power, and do not go weapons-free until we see the red threads in the white of their eyes; and when we do see the red threads, eat them alive sashimi fashion
btw, the party went well, and the children and women had a lovely time. the men just exchanged views and drank, and drank some more :0) |
