What a week. The cretins solved the Greek problems, now we only need to wait for the wastrels to solve the USA problems, and thereafter we can look forward to China succumbing to its problems.
If above read is correct, we should be long OECD shares, short OECD bonds, short gold, long platinum, and short China plays (unless of course the entire planet is one big China play).
If above read is wrong, we should short OECD monies, long OECD equities, gold, and I guess longer platinum.
Unless of course the problems are so huge that we must short everything and long monies, but knowing monies shall be printed, and in some strategic petro reserve sense that even oil can be printed, we should short everything and short paper monies as and when we figure out how to do so.
What a muddle.
I shall be attending meetings and working today, a Friday, even as it is a long weekend for we who live in Hong Kong. This is the weekend for celebration of Hong Kong’s disengagement with wastrel Britain and re-alignment with the new sovereign.
I note that the civil masters of Britain are demonstrating these days for the security of their pension that is being confiscated as well as printed away, just like their Greek allies and Portuguese fellow and Spanish fellowette pirates. Maybe the Somalia of today would evolve into the Britain of tomorrow, or the other way around. Who can foretell?
I remember the time leading up to the fortunate disengagement and when the western corporate press had so much to foretell,
money.cnn.com (june 26, 1995)
“THE DEATH OF HONG KONG
It's time to stop pretending. Supposedly, Britain's handover in less than 750 days of Hong Kong, the world's most aggressively pro-business economy, to China, the world's largest still officially communist dictatorship, is going to be a nonevent. Like the loyal retainers in the tale of the emperor who wore no clothes, Chinese and Western dignitaries continue to insist--despite growing evidence to the contrary--that, as Lord Young, chairman of British telecommunications giant Cable & Wireless, declared recently, "the best years for Hong Kong lie ahead." In fact, the naked truth about Hong Kong's future can be summed up in two words: It's over.”
One can only sneer at how very wrong any prognostication can be, but only if the wrong forecast was based on the correct underlying premise. As and whenever the underpinning premise is utterly wrong to begin with, one must simply pity the cretin trying to make a living from the deeply flawed premise.
I observe that the Americans are celebrating this weekend on their independence from the British, even as the American press so begrudged Hong Kong’s liberation from same. The American Club here in the neighborhood shall be tee-ing up the BBQs and festivities on Sunday. An important marker on the journey to TeoTwawKi per my script n premise is the renaming of the club and / or the off-loading of the club properties.
I am deeply comforted this day because now, besides the usual moronic mutterings from stratfor and the always wall street journal, I perused this dark piece (full collection of darkness attached hereunder) from the economist
economist.com (june 23, 2011)
”Rising power, anxious state
… The middle class’s anxieties have not yet fermented into a broader anti-government rage.”
There is not any need for point-by-point refutation of the sort of non-analysis that went into the writing of articles such as above, because where would one start?
And much more importantly, why would one even and ever bother?
One should and would not. One should merely place one’s bets, knowing how the many are being fooled into the wrong wager, and position otherwise.
cheers, tj |
