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That's a good analogy. In Japan's early 90s the curtain was pulled off of financial institutions' balance sheets as they were filled with a) non-performing corporate loans b) crashing commercial real estate and land "investments" c) crashing equities During the 40 year boom in Japan...

Ackermann: "Our German finanschial systim is mutch supperier to zhe Amerikan one!!"

What recession? :cool:

Check out unit labor costs in the 70s. Low productivity growth and/or high labor costs - simultaneously: One of the first things to look for should a positive inflation feedback loop (second round effects) materialize should be an uptick in unit labor costs.

Anybody notice a pattern? When GC is up, it's because the Fed is printing money 24/7. When it's down, it's all just manipulation on Comex and the "real" price is much higher.

If you give me $1m and I promise you to pay you 3% annually over the next 30 years that might sound a good deal if inflation is 0% over the ENTIRE time frame. If inflation goes to 5% somewhere in the 30 years you're getting the short end of the stick as you only earn 3%, i.e. in real terms...

Wow a win either way. Heads I win, tails I win! Amazing. Why can't investing always be this easy, this is like free money!

Interesting isn't it. Every asset allocation recommendation I read for 2009 now lists gold with a minimum of 5%, better 10%, ideally 20+%. "Every portfolio MUST have gold", "get lots of physical gold in your bank deposit box", "everything looks bullish for gold" they say... Gold has become...

If hope you're right. I hope we're in for inflation and the bond market got it all wrong. Just, what if it didn't? What if the bond market's got it right? What if annualized GDP growth over the next 10 years is -0.3% a la Japan 1990s? JGBs started a huge rally in the 90s and never looked...

I guess all those company sponsored brothel trips paid off for VW. That's what I call "increase of employee motivation" :cool: http://www.guardian.co.uk/world/2008/jan/13/germany.automotive

Peter grew quite some grey hair recently. Had a tough 2008 I guess :cool:

Careful. The ET luminaries will be quick to point out that all government statistics such as population figures are highly manipulated :cool:

Back to the dumpster for the 2008 dogs :cool:

You fail to mention he also suffers 3% - 5% slippage on the way out, making the entire "moving the markets my way" exercise a zero sum game minus commissions.

From Wikipedia: "The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer/Software it will go to India. If we purchase fruit and vegetables it will go to...

Your nephew's young. With the right tutoring, he can carefully plan to renounce his US citizenship and move to tax havens such as the Bahamas or Monte Carlo when the time is right. No need why he would expose himself to paying taxes for a faltering social security system in the US.

Europe not immune? Germany going to hell? Shocker! http://www.bloomberg.com/apps/news?pid=20601100&sid=aCPBEfcTn3U0&refer=germany Commerzbank Gets Fresh Bailout as Germany Takes Stake (Update3) By Jann Bettinga and Oliver Suess Jan. 8 (Bloomberg) -- Commerzbank AG will get a...

An interesting train of thoughts would be 1. Artificially "prop" up Medaillon's results. Make sure no outside money is invested so if somebody cracks down on the beautified returns then you argue the limited partners in the fund - which are Simons himself and his employees - won't press...

"U.S. Consumers/Business Further Screwed" ... How so? Because China pumps money to prop up their own economy instead? What good does it do US businesses and consumers if the Chinese press the 30y bond yields down to 1% while BBB US corp debt yields 16%?

Lovely how history repeats: