tag:blogger.com,1999:blog-18079728.post5931088789161572543..comments2023-11-02T07:30:03.967-07:00Comments on Cassandra Does Tokyo: Nothing Could be Finer Than to Be In Carolina...."Cassandra"http://www.blogger.com/profile/17412381249313151515noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-18079728.post-44693447355124024632007-10-30T01:20:00.000-07:002007-10-30T01:20:00.000-07:00Cim close to throwing in the towel too, but my cha...C<BR/>im close to throwing in the towel too, but my charts show that<BR/>there might be another week or two and then there ought to be a big turn in the markets.<BR/><BR/>but then again the Keynesian framework... when I say a week or two, im not even sure how I will get through the Fed decision today.<BR/>(note: I miss the Bundesbank. they were boring but thats how a central bank is supposed to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1207681779798691212007-10-29T19:29:00.000-07:002007-10-29T19:29:00.000-07:00Cassandra,Im firmly convinced that majority of peo...Cassandra,<BR/><BR/>Im firmly convinced that majority of people have no idea what ithey gotten themselves into playing the global asset inflation game and policy makers are either clueless or so scared they can barely sleep at night. Time and time again these periods end in complete disaster. The US has created its entire economy around credit creation and the resulting inflation that goes Jameshttps://www.blogger.com/profile/12183085827525696523noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-80023186026022046282007-10-29T18:55:00.000-07:002007-10-29T18:55:00.000-07:00(3rd from last paragraph should of course say "......(3rd from last paragraph should of course say "....NOT vying for sustainability...""Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-80128221594056150842007-10-29T18:53:00.000-07:002007-10-29T18:53:00.000-07:00Exasperated an disappointed are the more precise w...Exasperated an disappointed are the more precise words. <BR/><BR/>Of course I do not really care a hoot about whether Gavekal is right or wrong for it's really not a bull or bear thing, and in anny event I run an anally hedged book that is eeking pathetically small gains - a dispiriting comparison to, for example, HSI's 50% vault. <BR/><BR/>To me, its a right and wrong policy thing. There are "Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-78294936135143716642007-10-29T18:14:00.000-07:002007-10-29T18:14:00.000-07:00Cassandra, You sound frustrated that for now the b...Cassandra, <BR/>You sound frustrated that for now the bulls are right. <BR/>I had similar feelings while reading the news of the debt implosion and watching the markets doing almost nothing. This does not make sense to me but smells desperate intervention from someone with a printing press. <BR/>In a strange way the economy looks similar to the communist GDR economy shortly before the breakdown Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-15362441392287994132007-10-29T13:35:00.000-07:002007-10-29T13:35:00.000-07:00The perverse aspect of the market and our fiscal m...The perverse aspect of the market and our fiscal managers is that it is unclear what is a low risk posture, and all the popular future scenarios seem to be fully discounted. I think there greater risk in being in all cash USD than a mix of stocks and cash. My old default to cash is now not riskless due to US governance issues. The powers that be have 15 months to go, and they haven't ever seemed Richhttps://www.blogger.com/profile/16121281705226267765noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-84733678427584048162007-10-29T11:10:00.000-07:002007-10-29T11:10:00.000-07:00Not wishing to speak for A.D, but I'd hazard a gue...Not wishing to speak for A.D, but I'd hazard a guess that a Keynesian timeframe has something to do with the length of time that one can remain solvent....Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-34910589296884815892007-10-29T10:31:00.000-07:002007-10-29T10:31:00.000-07:00Actually MM, what I am experiencing is the same th...Actually MM, what I am experiencing is the same thing as <A HREF="http://msnbcmedia3.msn.com/j/msnbc/Components/Photos/060421/060421_lostinspace_vmed_3p.widec.jpg" REL="nofollow">this</A>, where like the B-9 Robot I am yelling "Danger Will Robinson, Danger Will Robinson", all the while, being doubly-insulted, first because no one except Will EVER believed Robot as Cassandra, and secondly because "Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-52862462584702504082007-10-29T10:20:00.000-07:002007-10-29T10:20:00.000-07:00Thanks for that....BTW: what is a conventional Key...Thanks for that....BTW: what is a conventional Keynesian timeframe?? This might be useful in recalibrating my own market-clock"Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-69138809002162576832007-10-29T10:04:00.000-07:002007-10-29T10:04:00.000-07:00In sympathy with your lament a certain Nietzschean...In sympathy with your lament a certain Nietzschean admonition comes to mind: "Madness is rare in individuals - but in groups, parties, nations, and ages it is the rule." The denouement of our permanently high plateau will have its day in the sun, though, alas, perhaps not in a Keynesian time frame. The worst part of it all, day to day, is the necessity of fearless punting, Bushmills clutched to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-66768397871336493502007-10-29T09:53:00.000-07:002007-10-29T09:53:00.000-07:00Do you have any idea how painful it is to STILL li...Do you have any idea how painful it is to STILL listen to R-W pundits chiming: carbon tax? energy tax? Why do we need that? The MARKET is taxing us, and all will be as it should..." It's just such a dumb-ass thing to say in light of what we know about economics, human behaviour, resource availability, global finance, and the relative length of time it takes to an aircraft carrier to do a "Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-48989735441796386462007-10-29T09:20:00.000-07:002007-10-29T09:20:00.000-07:00C, I believe you are experiencing the sensation th...C, I believe you are experiencing the sensation that young Anakin Skywalker must have experienced when he gave in to his inner demons and embraced the Dark Side.<BR/><BR/>The current environment is what one might term a 'Lake Woebegone market", wherein all (non-dollar denominated, naturally) risk assets offer above-average returns.<BR/><BR/>While I (and Rawdon, no doubt) could well take the titleMacro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.com