tag:blogger.com,1999:blog-18079728.post8245173757400857264..comments2023-11-02T07:30:03.967-07:00Comments on Cassandra Does Tokyo: Notes To Self - End Q2 2008"Cassandra"http://www.blogger.com/profile/17412381249313151515noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-18079728.post-89506681817836495082008-06-28T00:29:00.000-07:002008-06-28T00:29:00.000-07:00«"Wealth" has been prodigiously destroyed, with th...«"Wealth" has been prodigiously destroyed, with those at the center unable, unwilling and fearful of totalling up the losses. The impact is, and will be profoundly deflationary, whether people realize it or not just yet.<BR/> <BR/>YET that inflation (of sorts) apparently is rife, is hard to deny. Its on the gas pump, at the supermarket, on the utility bill, and everywhere on the radio airwaves Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-80017005887191877212008-06-27T12:32:00.000-07:002008-06-27T12:32:00.000-07:00A pleasurable read of an unsettling process.A pleasurable read of an unsettling process.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-21046330887000445842008-06-26T23:51:00.000-07:002008-06-26T23:51:00.000-07:00So let me get this straight: You're saying this is...So let me get this straight: You're saying this is a great time to buy stocks and U.S. dollars?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-89202367403545077032008-06-26T20:23:00.000-07:002008-06-26T20:23:00.000-07:00C,Nice post. I think, though, that it reflects a ...C,<BR/><BR/>Nice post. I think, though, that it reflects a certain dollar mindset: that its basically terra firma, if you will.<BR/><BR/>Imagine Argentina in the same situation. Overstretched consumer, banks in trouble, deficit widening, inflation rising, Central Bank credibility at issue. Would you rush in to buy their bonds on the thesis that domestic demand will crater? No. You would Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-39559769767787734642008-06-26T13:35:00.000-07:002008-06-26T13:35:00.000-07:00Nice summary, C. I wonder how long the gloomy int...Nice summary, C. I wonder how long the gloomy interregnum will last? 10 years? Probably until the first large scale commercially viable alternative energy plant comes on line, that proverbial 100 square miles of mirrors and solar panels in some desert. Many assume energy advances will happen in the West, but I think applications in the East will happen much faster. The other triggering "turnAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-25808246649912163352008-06-26T13:13:00.000-07:002008-06-26T13:13:00.000-07:00Agree. From what I’ve read, the Chinese, up until ...Agree. From what I’ve read, the Chinese, up until recently, kept diesel prices unchanged for 18 months. The recent 20% rise is to ~$3.00/gallon. I’d assume that any good businessman there would keep his tanks full to the extent possible, which is likely why there is such strong demand in China. I believe that a lot of Chinese real estate purchases were funded with dollar debt, thus getting a Richhttps://www.blogger.com/profile/15333565680808748761noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-72951998800027681692008-06-26T10:24:00.000-07:002008-06-26T10:24:00.000-07:00Everyone is hiding in commodities.Everyone is hiding in commodities.Jameshttps://www.blogger.com/profile/12183085827525696523noreply@blogger.com