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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (35433)	6/26/2003 1:21:13 PM
From: Cogito Ergo Sum	Respond to of 74559

Bought RYL.UN today 4.76. Heaven help me it's a hotel REIT... 15% (for now anyway) Cancelled all my gold bids. Expecting better entry.

To: energyplay who wrote (35433)	6/26/2003 11:54:34 PM
From: TobagoJack	Respond to of 74559

Hi EP, <<ports ... airports>> I agree with you in general, but was thinking of the particular cases of Beijing Airport and Shanghai Wai Gao Qiao port. <<NG>> I bought, and am prepared to buy more, and then turn religious, prey for a hot summer, then transform into optimist, wish for a cold winter :0) <<BPT>> I have followed you in to the arena, taking 10:00 o'clock point, counting on you to cover the 2:00 o'clock direction. Something may sneak up on us and send us on our way to money heaven, unless KastelCo is bringing up the rear. <<TMR ... SCLN>> ... will ponder on them. <<personal anecdotal note ... business post SARS>> (a) We are working out the business plan that will send another wave of outsource tsunami going your way; (b) Business have not yet picked up, but at least the potential multinational clients' decision-makers are back in town; and (c) I am optimistic that there will be money-making projects to work on, because the mainlanders are beginning to shop for businesses outside of China. << ... if the world doesn't end , we will have to stop being beach bums and go back to work>> ... would be a bummer, because I had always believed that speculation, as in constructing straddles around Newmont, and gambling, as in preying for hot summers and wishing for cold winters, are the highest art forms of sustaining livelihood:0) But, as I posted all along, fear not, we are far from being out of the woods, and there are many miles yet to go. Once we do reach the edge of the woods, we will discover that we are standing at the edge of a precipice, facing a 2,000 feet drop down the straight cliff, looking at the housing refi-bubble implosion that is below. Recommendation: buy income, hoard gold, swear-off tech, and mark the days to TeoTwawKi. Chugs, Jay

To: energyplay who wrote (35433)	6/27/2003 8:41:41 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello Energyplay, I am sure this is not quite what you had in mind when you figured that the economy is a a healthy growth trajectory again: More screwed up US statistics, noted by Bill Fleckenstein: In honor of today's GDP data, let's take a look at that statistical fantasy called "real" growth. Hedonic adjustments, as I have noted in the past, are quite effective in dressing up otherwise ordinary numbers. (Thanks to Sean for the idea.) It turns out that spending on computers and peripherals, etc., was $76.3 billion this quarter, vs. $75.4 billion the prior quarter, a gain of $900 million. But thanks to GDP massaging by the Bureau of Labor Statistics, via the hedonic quality improvements, etc., that gain magically morphs to $15.9 billion. After a while, $15 billion here and there adds up. Basically, we've magnified the actual gain more than 15 times ... Chugs, Jay