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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (2801)	12/23/2005 12:59:16 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 217847

<why are you up so early?> It wasn't so early TJ. Certainly not 5.30am like you. If I remember rightly it was a gentlemanly 8am. I had to be up and out to the airport to collect Aki-san and wife Shoko who arrived this morning for a holiday from Tokyo. Akiwi is elderly [age 30] young guy who lived with us for a year in 1993 while our son Tarken lived with his family for a year, swapping families and schools. This is only his third trip to NZ. He has got a very swanky DoCoMo Foma cyberphone which makes me envious. But happy anyway as he paid me a royalty for it. NZ is like a pig-farm compared with Tokyo where 100 megabits per second is normal, at low cost. Most people here are still on dial-up modems. Electronics are expensive. The USA GDP continues to grow happily, so I guess the tax base isn't dwindling all that much. QUALCOMM is certainly paying big heaps of tax and they are taking tax from my dividends, which are paid to me by China, Japan, India, Hong Kong, and many other places. Google is expecting to make a LOT of money. Look at that supernova over the last couple of years. I don't think a few college graduates making widgets more efficiently, even in a single step, can compete with that. TJ, there are posts from me in SI from the late 1990s warning about cascading collapse of debt with possible deflationary implosion. That risk still exists. Unlike you, I don't consider it inevitable. <i am appreciative of maestro greensputin and charletan burnandkaput's effort to serve my narrow interest even as i, unlike you, try to warn folks, out of altruism, about what that fire under the pot may mean> The vast derivatives counterparty gambling game has yet to be liquidity tested. So does the mountainous housing debt leveraging of future earnings into current purchasing pleasures. The biotelecosmictechdot.com irrational exuberance leveraging was tested under fire and found robust with some soothing interest rate slashing by Uncle Al KBE, deflating the bubble without imploding the economy. I will not be surprised if the twin towers of derivatives and housing do not implode under fire either. Which is not to say I am not warning that such an event is risky enough to worry about. If that's not too many nots and double negatives. So far, so good. Big Ben will get a turn soon. He will surely get a good test or two. Loss of tax base is something I am in favour of by the way. Mqurice