To: jim black who wrote (23096 ) 9/6/2002 11:39:58 PM From: TobagoJack Read Replies (3) | Respond to of 74559 Jim, good morning from Hong Kong, <<Where is Jay?>> I am here, having just finished with a trip:Message 17959989 I will most likely do another trip of same nature this November, and then perhaps again next January, donating my time for the good of somebody else. In the midst of nasty time, my business seems to be picking up, on the divestment and exit side, even as more investors clamor on their own through the opened gateways of China, in a hurry to participate in endless deflation and perpetual capital loss, thinking that they have no choice;0) Sounding familiar? <<Has he been driven away by the squabble?>> What squabble:0? If we are ever driven away from BBR, please feel welcomed to hang out here:Message 17963502 <<Is this the end of BBR?>> The end of BBR will happen, as all events must eventuate, but perhaps not anytime soon, until we see headlines like: “Nasdaq hits 19 year low”, “Nikkei tumbles to 27-year interim bottom”, “Generation Z queries nature of endless bear market”, “Virtuous circle enhances equity returns in Russia”, and “Argentina recaptures the Falkland Islands, Sheeples in bliss”. My spirit is up today, optimistic as usual. All the windows on all sides of abode are open, the ocean air is about early spring like, gently warm, as opposed to bitterly hot. The air pressure gradient between the ocean side and landside is acting to siphon a gush of wind through all the rooms. I had sunny side-up eggs and crispy bacon over toast for breaky. I was physical trained and then severely massaged by Miss Apple, my blood curdling screams muffled by the Ronettes (early years 1961-62) “I’m Gonna Quit While I’m Ahead”. I just rewarded myself with a hint of caffeine, a Haagen Dazs coffee ice cream bar. I spent some time pondering the truth behind the facts of effective 0% real interest rate and the particulars of real naught rate of risk-free return. The 0% can be so only and just because: (a) Everything risky is not worth buying (b) Everything not risky can yield zero rate, until such time that they can get away with negative rates, as the risky stuff yields larger negative rates (c) No point buying today things we do not need with money we might not have tomorrow, as all goodies get cheaper, day by awful day, and (d) If we are not buying, then others are not selling, so they also stop buying. If someone on this thread has a better idea than buying Q with borrowed money (Maurice, attention), or purchasing black and blue chip equities with spare change (ACFlyer Mike, hello), I would like to have a hint of what the idea might be. Will the bright bulb ideas work under all likely circumstances?Message 17964283 Chugs, Jay