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

To: TobagoJack who wrote (43718)	12/10/2008 6:36:56 PM
From: Box-By-The-Riviera™	Respond to of 218875

indeed!!!!!!!!!!!!!!!!!! hence the trade!!!!!!!!!!!!! exactly. may karma protect me.

To: TobagoJack who wrote (43718)	12/10/2008 6:50:23 PM
From: energyplay	Read Replies (2) \| Respond to of 218875

Getting rid of spare cash....ummh... consider the likely opportunity cost vs. risk of devaluation eventual inflation. You have some friends who already are dumping less liquid assets, like gem stones. The art market is starting to crack. Now, let me put some temptations in front of you : Imagine collectible watches being sold off a fraction of their original cost.... When deflation hits, there might be only a small window to buy some of the very best items, before inflation starts, and these precious items become again closely held. I expect there is a significant correlation between the buyers of the best fine watches and the buyers of physical gold. So there may not be as many distressed sellers as there might be for more popular high end watches. Greed vs. Fear, player 1 choose now ;-)

To: TobagoJack who wrote (43718)	12/10/2008 8:34:30 PM
From: carranza2	Read Replies (1) \| Respond to of 218875

my general direction is to (i) get out of the dollar Absolutely agree. It's the last bubble. And all bubbles without exception burst. It's my home currency so being 100% out is impossible, but I do minimize my holdings as much as I can. My only forex currency holding presently is the loonie. I've been reading Taleb, who is a bigger bear than Roubini, but a much more well-based one, IMO. Realized I was following his advice without being aware of his existence. You'd appreciate this from his blog: fooledbyrandomness.com Much of the happiness research invites people to be satisfied with their assets and live comfortably on 1.x times minimum wage. “Money does not make you happy” they say, self-servingly, since they are all academics and do not necessarily know what money means outside of experiments which they seem to call “real-life” (I don’t believe it is that simple, as general statements like these have so much variance that particulars might not match). But I am certain that “having money” is certainly necessary; greed and hoarding are good, particularly when you don’t spend it and wake up every morning to count the beans. Why? Because of the possibility [of] extreme, unexpected events. You just need a larger buffer than we are told by the fools. You need redundancy. A lot of redundancy. Taleb's extremely erudite, much more than I could ever hope to be, so his blog can be rough sledding. Still, very much worthwhile. Concisely: youtube.com

To: TobagoJack who wrote (43718)	12/10/2008 11:38:57 PM
From: elmatador	Respond to of 218875

"take a round trip to 1982" hang on! minus Volcker fleecing LATAM! Just to remind everybody again. Paul Volcker jacked interest rates up to 20%. He said he was fighting inflation. But in fact US sucked all the money available. Capital flew com gusto out of LATAM and he bankrupted us!! We went through a 'Lost Decade'. We exported capital real good. All the late 80s thing: Yuppies, the yellow ties, Gordon Gecko, Milken, and the ad in the Economist of the ultimate driving machine BMW, were paid with our money. Now, this time around, today, 2008: We are ready. I wanted the precipitation of the facts calling -loud and clear- bring it on!