we are in a long game.
(i) the trouble with supposed equilibria is that when they go, they go quickly, and there are many such on this planet at the moment. i intend to follow the crowd to buy out of money puts on s&p, to sleeping point. never waste a crisis.
(ii) i shall refrain from buying puts on nikkei - if godzilla is resurrected or tokyo emptied out, the tragic expression by way of s&p should be ample. otoh, china manufacturing should simply boom and hong kong become more desirable than ever.
(iii) ostensibly cheap and cheapening nikkei should would and must be heavily manipulated, and no one on this planet would should can complain, least of all the wall street journal and new york times. higher level nomura contact of in-law says japanese government told all brokers to be patriotic, so i am sure they are, and no doubt fully backstopped. for the fate of the setting sun must be backstopped.
am guessing that the japanese government also would not let waste a crisis. no more need to build white elephant infrastructure projects. now must not only rebuild those assets already destroyed, but also build to replace all old and vulnerable infrastructure. they just got their mandate, surely. else game over, japan.
no doubt many other governments are readying mandates for chopping by the electorates, balloting or not, and fully backed by philosophical equity partners in the form of large companies.
(iv) we are either on the cusp of the greatest infrastructure boom ever, but one that shall be participated in by way too many with calls on iron, copper, whatever else, or
we are about to descend into wasting decline, to be out for the count.
(v) i shall faithfully hold tight on all cloud atm trades already positioned, but hold-off on all new trades;
i shall merely add more as and when called for, after either a collapse or an all-clear.
(vi) silver savings is under-owned and gold surplus is hardly owned at all; folks shall realize that once a paper currency goes down for the count, and by then, too late, in the mean time, very worrying. but we are in a long game.
i stand ready to borrow yen for the eventual leverage that must be applied.
(vii) in the mean time the major currencies grind against each other, groping, smoldering, atrophying, wasting, as central bankers wait in line to get their "license -to-print" renewed so as to fuck the savers and do justice on the speculators.
at moments such as now, we must again put faith in our own respective makers, and truly believe, even as convictions do kill.
there are no atheist on final exam week.
god speed, to us who are about to be tested.
faithfully, tj |
