Hello Pezz, Today’s Report:
(i) As it is late September and nearly early October, I am on tranquil Koh Samui for fall respite in keeping with 5-years tradition, with extended family and swiss-german buddy and his family in toll, to take in fantastic thai food, including but not limited to chicken banden leaf, prawn cake, and mango sticky rice pudding of the east, supplemented by french champagne, austrian cold cuts, and greek olives of the west, along with the usual and obligatory once two hours swimming, once per day massage, and every night is a movie night discipline;
(ii) As a reminder, if my memory serves, my koh samui sojourn each and every time seemed to be accompanied by something dramatic happening somewhere else in the world.
Maybe I am letting last year’s happenings cloud my remembering. In any case, I am cognizant that the possibilities exist, and in all cases hope to be not disappointed;
(iii) I attended Doctor Boom Doom and Gloom Marc Faber’s keynote presentation at the 1,300 attendee-ed annual clsa investment conference on Friday. The lunch box was wonderful, and drinks cheap. Well, actually the nourishment was free as was entry to the conference – my friends snuck me in using duplicate id tag secured via subterfuge.
After the 90 minutes presentation which, btw, instilled great confidence in me of my own and not conflicting views, I joined the architect to shop for renovation bits and pieces, tiles, faucets, appliances, sanitary wares, bathtubs, windows, doors, kitchen cabinetry designs, whatever, for the earlier reported beachside rental investment abode, which, coincidentally is in full alignment with doctor doom’s figuring and my own conviction.
After the three and half hours of rapid shopping, I returned to the grand hyatt to join two investment managers and the good doctor for beers, after which some of us gathered at a Japanese restaurant nearby to again take in nourishment;
(iv) The gist of Doc Faber’s views seem to be, and I filter by adding much colour as I must be given that I am not an unbiased journalist of the usual fox tv sort, that
- Eastern standard will rise, western mirage will get undone
- USDollar will trend down, even as its cash value relative to its asset value may tend to up very occasionally.
Relative to Asian currencies, down, but only when the Asian monies are led by the RMB (meaning when China lets its currency rise against the usd, the other asian currencies would rise, and when china pegs firm with usd, all asian currencies would be printed at a rate such that they do not rise against the rmb so as to stave off doomsville
- Resource goodies will rise in line with per capita increases of usage in China and India
- Certain asian real estate under better than good rule of sensible laws will rise in absolute terms, while elsewhere same may rise relatively given the money printing that must essentially continue
- USA shares will rise, maybe very slightly, if we are lucky, and very intensely if we are not, in terms of wastrel USD, but will only tend to meander in terms of gold, the one and true money
- Because USA is run by criminals Bernanke and Geithner for the good of more criminals
- As usa empire business has already devolved to be comprised of the rot that is blackwater, war is now clearly big business, the future does not hold well for peace and tranquility, and
- Given that USA is, as it must, persecute by prosecute its tax-efficient companies and individuals, the goodness will migrate where they are welcomed, and hong kong and asia will benefit much from such goodness, result in a bubble of enormous dimension
(v) I am reading “The Lost Symbol” by Dan Brown
(vi) Now that I am done with lunch of Pomelo salad, minced pork cooked thai style, Heineken beer, steamed rice, and selection of tropical fruits
(vii) Nap time will be concurrent with thai massage. It is a call of duty, to do my bit at USD 15/hour, for the island economy, for one cannot get without giving back :0)
Cheers, J |
