Jay,
Pray tell me what does 'black helicopter' mean, as this is the first time for me....been many firsts in the past weeks, I'll admit.
The Worldcom accounting fraud, is another classic. I used to work at PSINet a few years, and there were people from MCI and another ISP company that Worldcom had acquired. They used to tell me how detailed Mr Ebbers was with the weekly revenue forecasts, bookings, etc...so it is truly perplexing that he let this obvious error pass his careful scrutiny...
I'm sure Mr Ebbers will leave, like Mr Lay, Naccio before him, camp soon, scot free. Soon to be followed I suspect, without too many shekels in their pockets, could be Monsieur Bon, and Herrn Sommer I suspect, along this time, with some of the European investment banks that lent them so much Euros, to purchase rapidly depreciating USD based fiber assets all over the world.
I attended a lecture given by a Credit Suisse research manager from Singapore last night. It was given in KL, and topic was 'Changing Economic Leadership - Is America losing its economic supremacy and leadership, and if so, what is to follow?' The lecturer was pretty good, just not adventurous enough to forecast gold price beyond usd 400, and staying away from banks collapsing soon, and many more Enron style discoveries.
However, the American lady from the US Embassy came out in staunch defence of the US, and how all attendees (including speaker) should be grateful for their having attended US universities, that the US was still the ultimate, only magnet for best of education, good life, freedom, etc. No one dared to protest, as there were many of us (incl. moi) without aspirations for a green card.
Yes, gold seems difficult to understand, esp when it is seen by people by me in just price terms, otherwise it seems a cold thing....but my note may have come just as the real storm is starting to brew, as Merrill Lynch has come out with several analyst reports this morning, firstly increasing their official gold price from 295 to 310, and also upgrading EPS for several big name gold companies.
Sitting at home in KL, otherwise unemployed, simply living on ice cold water melon juice, carrot sandwiches, etc partly to reduce my cost of living, but very high on adrenalin now, cos there seems to be so many contacts now, even just on this thread, so much going on, life is not boring.
If there is even a modest battle style victory by end-Sept., could Dolinar not invite us to somewhere nice in Bavaria, like the Castle in Oberschleissheim, where one could partake of the Oktoberfest spirit, in more controlled physical surroundings, sipping bavarian beer, without any of the technolgy you suggested in your earlier note.
Why do I think this Oktoberfest is going to be a lot different from all other ones in previous years....I wasn't forecasting Germany's victory in the WC either....
Selva |
