Yes licking my wounds from that lack of excess profit I was expecting by investing in the phoenix real estate venture. Resp ;)
Per your previous link
(ix) In such an environment below which rests our above premise, should we for a moment believe we can best the market by picking individual stocks? I am not s arrogant
I agree General, it was eating up massive amounts of my time and life to find individual pieces of garbage to short like Athony Elgindy and he went to jail he got so good at it. Like that armstrong fellow you used to talk about. Corus was a gimme, but a rare gem. I read this book I, Robot by asimov and in the end it talked about letting the computers do all the investing work for you and I told you let the candlestick computer work for you, did you listen?
A few years back you challenged me to find a better investment than buy and hold gold, and I posted to you the candlestick computer and the oil/coal/energy indexes and how they trumped your buy and hold gold silly style. As you say, as long as the capital goes round and round we can skim off the volatility. I am betting like the previous 10 years, the next 10 years there will be some volatility in energy indexes.
Lets do an update General, I am trying to save your soul. After all it is coconut's future you are pissing away into that imaginary gold mine in the sky :( If you had listened to my sage advice a few years back lets see where you would be today (I must give gracious praise to JANE JANE JANE for instilling in me the bravado to throw a good portion of my portfolio into wild back and forth swing trading - the rest remained in boring vanguard funds)
americanbulls.com
1300% gain in just a few years
americanbulls.com
4,445% (How much did buy and hold GOLD do over the past couple years? Aww General, wipe that tear from your eye, come to papa and let me give you a big hug - I am so rich now you can stop praying for me and start praying to me)
americanbulls.com
292%
americanbulls.com
855%
americanbulls.com
891%
americanbulls.com
660%
americanbulls.com
887%
americanbulls.com
712%
americanbulls.com
184% (Since we are talking beer after all)
I didn't perfectly execute every trade, and sometimes there was tracking error, but I followed the candlestick computer pretty closely. The returns are much more massive than your past couple years of buy and hold gold silly strategy. I am thinking about leasing a small island in the philippines now and invest in female asses at the closest school of higher learning so I can sniff their panties. You have convinced me with your tirades against panty machines in Asia that I must retire there and sniff as many as possible. I may throw a few million at philippine metals corporation, but not for the gold, but the copper, and to make my business visa with the local officials easier to obtain as I am too young to get the retiree visa. philippinemetals.com
I hope when we compare notes again in a few years, you have decided to trust in Asimov's vision and let the candlestick algorithm work for you too instead of that silly buy and hold gold foolishness you have been preaching to the masses. Stop thinking like a 15th century pirate and hoarding gold, start thinking like a 21st century investor using computer algorithms to work for you and your family.
But lets continue your thinking General on bigger topics:
"societies devolve;
(v) The Greater Asia world, led by China, has been wagering for an once-in-eight-hundred-years renaissance of a fundamental sort and structural nature, and, aided by profligacy of OECD world, ramps up to sate 600-years worth of pent-up demands",
and this:
"and to believe socially-redeeming beer drinking and historically relevant shopping mall cruising constitute desirable social life would be a mistake." - Jay Chen
Yes General, societies do devolve, paying 44 dollars for pabst blue ribbon - The China Price as you always say - is a sure sign to me parts of asian society are starting to devolve. A fool and his money are lucky enough to find each other in the first place sport.
600 years of pent up demand, are they really going to become shopping machines princesses like over in the west, these guys don't think so:
businessweek.com
(snip)
“If it
doesn’t begin to rise very quickly, China has a problem because
household consumption will continue to drop as a share of GDP.”
Emphasis on exports and investments have caused domestic
consumption to fall to 35 percent of gross domestic product, the lowest of any major economy, from 45 percent a decade ago,
Societe Generale AG says. That 600 year demand is supposed to make that number go UP right? Not down from 45 to 35 percent, LOL!
Pettis isn’t alone in being skeptical about a consumer boom
in China. Yale University finance professor Chen Zhiwu and Huang Yasheng at the Massachusetts Institute of Technology also
predict constrained consumer spending.
State Controlled
Chen estimates the state controls 70 percent of the
nation’s assets and says most of its profits don’t flow to
consumers. On an inflation-adjusted basis government income
surged more than tenfold in the past 15 years while disposable
urban income increased less than three times, he said.
Pettis said the drag on consumer spending from depressed
deposit rates may help slash China’s annual economic expansion
to between 5 and 7 percent a year through 2020, from an average
of about 10 percent in the past decade.
(snip)
China’s past development has created an “irrational
economic structure” and “uncoordinated and unsustainable
development is increasingly apparent,” said Vice Premier Li
Keqiang in a June article in the government-owned Qiu Shi
magazine. Long-term dependence on investment and exports for
growth “will grow the instability of the economy,” he said.
(snip)
However General I disagree with these experts and agree with you, China is going to turn into a shopping machine paradise to make the spoiled princesses in the west green with envy! 44 dollar Pabst Blue Ribbon is just the start of the NEW china price!
youtube.com LOL!!
Further in the same article:
"Some economists argue that surging retail-sales figures and rising wages show China’s shift to greater consumer spending is on track. Dariusz Kowalczyk at Credit Agricole CIB in Hong Kong estimates consumption will account for 47 percent of GDP within 10 years." but it was 45 percent 10 years ago, over 20 years to go from 45 to 47 percent aint so much is it General with 600 years of pent up demand?
The real question General, Why do we want so many more shopping machine princesses? China is about 90 million women short, I have read articles where women in China are in such short supply and high demand now that they are telling the men that they must have a new apartment and nice new car to be considered as a date.
globaleconomicanalysis.blogspot.com
I see this everywhere in the USA, materialistic women putting impossible demands on their boyfriend who has become a beatdown puppet on her string. You think this is a good future for Asia? At most of the shopping mall bathrooms in the USA, diaper changing stations in the mens bathrooms, this was not the case a couple decades back. Those new shopping malls you are building in china, do they have the baby diaper changing station in the mens bathrooms too? :)
Then there are energy problems, after what happened in the gulf the oil is not flowing as fast and easily as it used too, and I see pictures of asians covered in that toxic stuff in thier spill over there, the china price has too high a human price and rare earth metals seems to be in short supply globally. Stuff like your ipad needs that stuff.
Some people like larry summers I guess see this growth as a great thing, but unfortunately for the folks in asia, it seems most of the pollution will be killing the kids there while the ROW enjoys the exports
Larry Summers decades ago was already plotting how to kill poor people with all the pollution "cap and trade" policies as global trade grew.
en.wikipedia.org
In December 1991, while at the World Bank, Summers wrote a memo on trade liberalization that was leaked to the press. It included a section that promoted dumping toxic waste in third-world countries for economic reasons, which drew widespread criticism. Jose Lutzenberger wrote to Summers that his proposal was “perfectly logical but totally insane”, and showed how out-of-touch with reality economists could be.
Jay is their no limit to GROWTH? Are you all just advocating policies to stimulute growth and the markets will take care of themselves? Are we to grow human population levels to 50 billion no matter the consequences of 50 billion shopping machine princesses consuming themselves to death? Running their poor desperate sucker boyfriends ragged on the treadmill so he can buy little princess her every hearts desire? I thought brooksely borne proved that greenspan free market solutions were really dumb and regulation and management were smart?
What is the limit, when do we say ENOUGH? Where are the regulators on human population levels globally and global consumption? Certainly you don't just leave this up to chance? I am a perfect example that left to breed without regulation, will chase so much puss around the globe as to singlehandedly establish enough offspring to populate the small army I will need to protect the philippine island I buy. I am greenspans free market in babymaking! Fear us.
(PS I already contacted the US State department on how many babies I can bring back and put on obamacare and foodstamps and welfare after my tens if not hundreds of children eat through my millions in savings)
Lets see your 2 kids in deathmatch against my 50 ;) |
