hello pezz, today's report:
(i) yes, of course, bought more physical gold, naturally, because today is friday, lunch with the boyz, and i always buy physical after lunch with the boyz.
before doing so, i accompanied one money manager and a lawyer to buy physical bars from the local dealer that deals in 5 tael (1 tael = 1.2 troy oz) bars. they bought six and cleaned out the dealer for the day. they will visit again.
when at the bank dealing in australian gold nugget bullion, conversed with korean lady at the next counter waiting for her gold. she was there at her husband's wish. he is a banker; figures. she has been showing up everyday for daily allotment and did not look happy about the task. just following orders.
(ii) while at lunch, i learned that my college buddy and frat bro, now chief investment officer of the asian arm of major euro insurance and fund group, got his subscription to wall street journal cancelled. the company cancelled all wsj subscriptions to save cost. now they only get financial times. a better newspaper anyway, because it is not american.
he also related that the usual annual conference where each branch sends 12+ folks to attend has been cut the 3 folks per branch. times must be tough.
(iii) made arrangement to get measured for the very latest in hyper stagflationary diaper depression attire, the MIGUEL CABALLERO alibaba.com armani look-and-feel but III-A armor protection vest and leather pilot jacket - "The highest blunt trauma protection rating in soft body armor. The best for very high-risk situations to cover more of the uncommon or unusual threats."
III-A is good enough for ...
9 mm FMJ at ~1,400 fps
(~427 mps)
(e.g., sub-machine-gun velocity)
.44 Magnum Lead Semi-Wadcutter at ~1,400 fps
(~427 mps).
the company is columbian, and so it should know what it is doing.
the selling points are supposedly as follows, by incoming e-mail from pal, " ... The jackets aren’t cheap. “Who cares about dressing to kill? I was dressed to live.”. As the haute couture brand of armored garments, Miguel Caballero is well-known for his super tough but flexible clothing in business or casual attire, which is made-to-measure with thin and light-weighted, thermo-regulating materials with state-of-the-art design and finishing, handcrafted by a team of experienced top designers and tailors…."
cheers, tj
p.s. btw, we are well along this script, and the abyss cannot be too far away now - i see things and hear voices :0)
Message 15421566 (february 27th 2001)
Do not know about economics, but here are some upcoming news headlines. The order and specific company names are not important. Say 18-24 months. If we do not believe that at least 25% of the headlines will come to pass within the next 18-24 months (time determined by recklessness of Maestro), we should start to accumulate stocks now, looking pass the valley of gloom.
The sooner we see some of these headlines, the sooner we can get back to buying "for the long term".
“GE Lays Off Another 5%”
“GM Shuts SUV Lines”
“S&P Downgrades Cisco”
“Dow Sets Record Historic Decline On Record Volumn”
“Major Fraud Discovered at …..”
“Margin Panic”
“Economic Cycle Rediscovered”
“Productivity Index Misled for The Past 10 Years”
“Social Security Under Funding Expected”
“GE Capital Owes Up On Hidden Losses”
“The House That Jack Left”
“Threat Of War In The Middle East”
“Russia Sharply Increases Arms Export To Save Economy”
“Butter Healthier Than Margarine” (this one is true already)
“Too Much Vitamin C Causes Brain Damage” (ditto)
“Cellular Phone Radiation Is ….”
“Japan to Save Economy By Increasing Defense Spending”
“Global Economy Contracted 5% - Lead By US”
“FED Lowers Discount Rate to 2.5%”
“Corporate Bond Spreads at Historic Peak”
“Euro Wobbles On Economic Disunity”
“Dollar Implodes”
“Amazon Defaults”
“Congress Holds Hearing On The Cause Of Doom”
“Gold Is Back”
“Precious Metal Reappears On Business Week Where To Invest Your Money Issue”
“CNBC Increases Time Reporting On Bonds”
“NY Crime Rate Rises Sharply”
“Trading Volume and Margin Loan Profit Down Sharply”
“Lights Out At Ameritrade”
“Many Blue Chips Trading at Replacement Value, Further Losses Not Expected”
“Nasdaq Hits P/E 10, Early Recovery Not Expected”
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