hello pezz, today's report
From: Jay
Sent: Mon, March 14, 2011 1:21:23 PM
Subject: Re: Pimco fund cuts US bond holdings to zero
santa barbara at usd 1,200/psf is too expensive relative to hk's 5,161, given the former's political instability, population demographics, proximity to fault line, nearness to nuclear event horizon en.wikipedia.org , and time-to-due-date drgeorgepc.com to the big one
in the mean time i just materially wagered on beaten-down platinum at hkd 13,523 / oz (usd 1,745), figuring japan must replace a lot of cars, make a lot of glass, refurbish quite a few chemical plants, and maybe even give fuel cells a try
beside, must front-run the chinese in creating 9999 purity mine closer at hand then their latest dealings businesslive.co.za
China blazes SA platinum trail with R6bn deal
should price stay at this level or drop more this afternoon and tonight, shall do same in time zones zurich, london, and new york, so as to be flexibly positioned for more effective and effectively 24-6 around the planet sell timing
From: B
Sent: Mon, March 14, 2011 12:49:59 PM
Subject: RE: Pimco fund cuts US bond holdings to zero
For a bit less cost, you could grab this 11k sf pad in Santa Barbara:
luxuryhomesnetwork.com
who needs Stanley anyway?
From: Jay
Sent: Monday, March 14, 2011 11:51 AM
Subject: Re: Pimco fund cuts US bond holdings to zero
just in in-tray, stanley beach road #6 houses coli.com.hk ,
brand new, at indicated worth of hkd 40,000 (usd 5,161, or mere 3.63 oz of gold) psft,
close to american club, people's liberation army, stanley eateries, and across the road from nice enough beach, and
best of all, only up from 2.62 oz of gold psft back during asian asian financial storm low
and substantially below the 1997 peak of 4.16oz of gold psft.
From: M
Sent: Mon, March 14, 2011 11:29:03 AM
Subject: Re: Pimco fund cuts US bond holdings to zero
What is keeping Yen high?
1. Corporates bringing money home for year end - March 31
2. Japan's Central Bank has been printing at a much, much slower rate than the Fed......at least until now.....
3. Tons of people have been shorting the Yen for years and years - not a new trade....if Yen goes below 70.75 (historical high), will all of these very stale Yen shorts finally throw in the towel and cover? If so, then AFTER that, it is time to short the Yen.
Just a guess.
2011/3/14 Alyce
I don't know very much about Japan, that's my disclaimer, so thank you for putting up with the following comments:
[1] JPY, using derivatives to single out a pure currency bet (so we don't have to look at the equity market), against USD: I kind of agree with Mac's analysis, if one owes a lot of debt, the best way is to inflate away the debt if one can, now Japanese themselves used a lot of their own bank accounts to hold JGBs (very much eaten their own cooking), also Japan is export driven, so a cheap JPY to USD, is not necessarily a bad thing, even a must, but what's preventing so? Anything to do with RMB?
[2] China Investment Corp and other major Chinese investment entities have been looking at if not already taken a position in Japan for a long time, private equity, project financing, etc ... I think the earthquake showed the world Japanese has respectable manners (which may or may not be correlated negatively to their seemingly non-commercial decision making process), and just like the idiom "Rob when others are in Danger ????" (it's not a nice way to do so), but from a pure investment perspective, is now a good time for China to ... (and for Taiwan to tag along) for that matter ...
Date: Mon, 14 Mar 2011 10:53:34 +0800
From: jay
Subject: Re: Pimco fund cuts US bond holdings to zero
young alyce, the obvious answers ...
m bravely averages down on japan equity per political stability, "Yen selloff to begin with as panicked overseas sellers of equities bring money out"
m faithfully averages down on japan equity per social cohesion, "Yen rallies afterwards as Japan repatriates money home."
m seriously averages down on japan equity per bargain of several centuries, "Yen goes to 75 into June turning point (according to Martin Armstrong), at which point it begins a very large descent to 140 as Japan prints wildly and tries to hold down longer term interest rates as Japanese insurers, etc. sell bonds after selling overseas assets and Japan issues more debt to finance reconstruction costs."
:0)
i do not see where the upside can be if the currency and the equity acts counter to each other, as winnings from one arena is tsnami-ed away in a second arena
but, as boyz sometimes are wont to do, pissing uphill and upwind, just for a punt
From: Alyce
Sent: Mon, March 14, 2011 10:47:03 AM
Subject: RE: [Spam] Pimco fund cuts US bond holdings to zero
Who are the buyers?
Date: Mon, 14 Mar 2011 10:20:15 +0800
Subject: Re: Pimco fund cuts US bond holdings to zero
From: m
Yen selloff to begin with as panicked overseas sellers of equities bring money out.
Yen rallies afterwards as Japan repatriates money home.
Yen goes to 75 into June turning point (according to Martin Armstrong), at which point it begins a very large descent to 140 as Japan prints wildly and tries to hold down longer term interest rates as Japanese insurers, etc. sell bonds after selling overseas assets and Japan issues more debt to finance reconstruction costs.
But then again, what do I know?
M
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