cb ilaine, you really do just walk into setups do you not. excellent, because i expected no less, but bad for you because it also says you are not very good professionally, playing a weak hand by playing the weak hand badly.
here i shall make clear the other reason you were alerted to the thread. i shall keep my post to you as civil as usual, because i am, as always, in a fine mood.
and as you for whatever reason saw fit to speak of the sadness about my earlier fathers-and-first-borns holiday on koh samui, i am happy to report that this time the entire family, mom, in-laws, as well as a whole lot of friends are now gathered at l'isle sur la sorgue. we are here in the french countryside for 3 weeks amongst olive groves. have not yet done caviar but certainly sampling through the pates, cheeses, desserts, and atmosphere.
re <<If so, good for me (bankruptcy lawyer, remember?) and good for older son, Ben, a newly minted bankruptcy lawyer>>
... i of course remember, and much more, and so i was alerting you that your intended point of destination has now become very true.
re <<You are not the only one upon whom an ill wind blows good.>>
... there is a vast difference between you and i, and i am sure you can spot the difference. you profit by encouraging people's bankrupting ways, enabling their resultant misery, by setting them up for the experience in the first place, and then encourage them more by offering them a wastrel way out, to break promises signed for.
i profit by warning against and hedging against the world you enabled, facilitated, instigated, spawned.
i hedge against the debt-ly hell you toil so tirelessly to spawn. you essentially set people up to be debt slaves seeking bk court salvation, and i warn them of the consequence all along the sorry way, by pointing out your ways.
do you see the difference now?
btw, have you Message 18493137 learned more about the Great Depression?
also, is the bernanke still your "Man" hero Message 21821508 ?
the zero hedge article zerohedge.com was talking about the likes of you,
"[font='Lucida Sans', Verdana, Arial, sans-serif]Yes: we do enjoy the writings of Oaktree's Howard Marks who has chosen to dissect the US debt ceiling and more specifically America's untenable deficit spending as the topic of his latest letter, although we can't help but wonder: why now? Why not a year ago? Or, better yet, a decade ago? [/font][font='Lucida Sans', Verdana, Arial, sans-serif]Furthermore, as last night's explosive announcements by the president and Boehner demonstrated the debt hike story has so many moving parts that staying on top of it is virtually meaningless. Indeed, it would have been much more useful for America if financial luminaries as Marks had actually spoken up while the US Treasury was accumulating trillions in debt, instead of all the Monday Morning quarterbacking we seem to be getting each and every day from all the "fiscally prudent" ones who rode the train of America's "great moderation" runaway debt to stratospheric wealth and were all very silent then...[/font][font='Lucida Sans', Verdana, Arial, sans-serif] "[/font]
... the other reason i alerted you was hoping that you may repent in time before you fall utterly to the dark side, profiting by the evil you had a direct hand to encourage.
here is the chain of evidence that convicts you whenever taken in context in front of jury not of your equal but better
Message 15694320
Message 17879032
Message 19996447 (best of just about all, circa 2004 04 06), and i quote you
Question, will the coming inevitable recession be of a ferocious (feel free to define ferocious as you wish) proportions relative to past recessions, and will it have anything to do with the confluence of events set in motion by the exploding bubbles of weak dollar, high deficits, tanking bonds, rising real interest rates, imploding home equity, and a leading/concurrent/lagging equities decline of meaningful %?
I am not competent to opine about what may transpire in Hong Kong, Berlin, Beijing, etc. US only. [edit by tj: you still are unqualified]
No, the near, mid-term, and long-term future from my perspective will not be ferocious. [edit by tj: to paraphrase clinton, "define ferocious"]
Weakness and strongness in the dollar are mere blips. [edit by tj: define blip]
Deficits are mere blips. [edit by tj: did you paraphrase cheney or he you?]
"Tanking bonds" is just another way of saying low interest rates. Bad for rentiers, but we don't have rentiers anymore. Good for entrepreneurs, and as a member of the entrepreneurial class, champagne all around. [edit by tj: yep, all those undeserving seniors having debt-ly slaved for your sort now can be written off as rentiers - that is your thinking, obviously. news alert, your turn shall come.]
"Rising real interest rates"? Not here, not yet, probably not in any foreseeable future. Take a look at gas prices, which you can follow from Hong Kong, and "help wanted" signs -- not sure if you can follow them from Hong Kong but maybe you'll find a way. [edit by tj: i guess what the piigs are experiencing now and what is up for the usa would not qualify as rising real interest rate]
"Imploding home equity"? Oh, LOL! My own home equity has quadrupled in the last five years. Actually quintupled but I couldn't resist cashing out a tidge to pay off old loans. Is that a bubble? I suppose it could be but I can resist the siren song. I pay cash or do without. [edit by tj: your home equity has declined in real terms against oil, gold, copper, silver, platinum, palladium ... and average takehome pay in shenzhen]
Equities decline? In what country? Not here, not now, not for the foreseeable future -- unless you have a short time frame for your perspective. Which, as I already posted, I think you do. Submitting to Beijing is enough to give anyone heartburn. [edit by tj: try, "in just about all places"]
Jeez, Louise, Jay. We're almost as RICH as Croesus here, and rolling in lovely lolly and lots of well-made, unbelieveably inexpensive consumer goods, courtesy China (thank-you-very-much). [edit by tj: yes, and what happened to croesus?]
People here are richer than we've been in my entire lifetime (closing in on 52 years and counting). It's fabulous. Wheee! I am so frickin' RICH I can't believe it. [edit by tj: don't believe it]
The funny thing is that I think you won't believe me. Which is fine. More fun for me. ;^) [edit by tj: i don't believe you, and so far so fine; not sure about fun at benefiting from the misery you helped to spawn, because i am not evil, but yes, certainly fascinating in a learning sense; in that you think it all fun, i think enough said] |
