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hayekvonfriedman
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Former Tenured Business Professor; co-authored APICS textbook on organizational change; math/economics/science teacher; serious investor since 1987; completed the professional Certified Financial Planner course; and completing the Chartered Financial Analyst charter by progressing toward a... More
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  • Emerging Markets Are Already Ruling the Day...Soon They may Rule the Night and Everything Else Too!
    Clearly, the winds of economic change are at the emerging markets' backs, and spitting in OECD faces. They mock our euthnasic self loathing of all that placed us at the nexus of the blessings of liberty.

    The rough and tumble, dog-eat-dog capitalistic initiatives coloring the emerging nations' economic landscape harkens back to the 'good old days' of the world's developed economies; when entrepreneurial endeavourers were rewarded by the market, rather than punished by the state, when profit was a goal for which to strive in earnest, not a dirty word emblazoning the protest sign of a state-dependent handout seeker or worse a guilt-ridden ivy-league indoctrinated trust baby looking to borrow somebody else's axe to grind on the guilt plantation because their hand was never put to a woodenhandle nor a wooden handle ever applied to their backsides.

    Look for pullbacks to buy commodity ETF's especially gold such as UGL and particularly SGOL to get exposure to the physical commodity and to gain geographical and political diversification as the assets are assayed and stored in Switzerland.

    Repeat after me, TINSTAFL. "There Is NO Such Thing as A Free Lunch!" You can't have air conditioning and vacations at the beach and your electric cars etc. without energy...and that will mean fossil fuels. We will not wean ourselves off of fossil fuel use in our lifetimes and there is no reason to. It is plentiful and the global warming hoax is just a Ponzi scheme. But as long as sheeple desire to be sheared then buy Canadian E&P's, they will drill in the Arctic if we won't. Why not let PEMEX and Petrobras drill in the Gulf if we won't (do you see the trace of a recurrent theme). The "AmeriKant" of Obama disproves evolution everyday by repeated demonstration that the survival gene has either been bred out of us,or has crossed over dropped a codon and mutated into  the "I quit" allele.

    Oh, did I say buy agriculture and farmland. MOO, PAGG, MON, DE. Buy agriculture companies from fertilizer, to seed companies, equipment suppliers and vertically intgegrated processors particulalry of protein. How long do you think it will be before the Chinese decide that they can get their protein directly from TSN of SAFM by buying the companies and cutting out the middleman.

    How about the time is right for a "Prime Agricultural Land REIT." Who wants to help me grow and thresh that grain?

    Disclosure: DE, MOO
    Sep 14 10:21 PM | Link | Comment!
  • Dance With the one that Brung Ya, Even if he/she has Two Leftist Feet

    Today Stiglitz, winner of the Nobel Prize for Economics in 2001, said austerity as a policy to end the global crisis was a "disaster", adding that Europe was heading towards more economic difficulties if politicians meant what they say when they promised to cut back spending rather than just trying to calm down markets.

    "If that (austerity) happens I think it is likely that the economic downturn will last far longer and human suffering will be all the greater," he said.

    Really...cutting back on government expenditures and public debt financing crowding out of private capital, would be a "disaster." So we have Keynesian stimulus to thank for this economic NIrvana we enjoy. Keep doing the same thing.

    I understand where Keynesinas are coming from...they are just wrong about where we should be going.MOnetary and fiscal policy got us here, leave the markets alone and the physician will heal itself.


    Again I say short fiat currencies and long hard assets, DAG, MOO for me.

     



    Disclosure: long MOO
    Tags: MOO, DAG
    Sep 08 7:51 PM | Link | 3 Comments
  • An un-American Tale

    "Obama said the struggling U.S. economy can't afford to spend $700 billion to keep lower tax rates in place for the nation's highest earners."

    Fact: the "economy" buys nor sells anything, but is the aggregate of individual decisions, in the same way that the Government does not produce a dime that doesn't come first from the labor, savings, and investments of individuals. 
    Along these lines individuals can't afford to buy much of anything that can be defined as a want or a luxury or requires a long-term installment type payment plan due to the uncertainty of how much further down the socialist primrose path we will trod, no matter how low interest rates go. Negative real interest rates anyone?

    Because $250K/yr is still not rich and the life story of Obama Alinskyesque rags to riches tale doesn't read or sound any better this time around. And he said Boehner and the GOP have no new ideas! Talk about the kettle calling out the pot!

    I'm filling my pot with UGL and buying BGZ! I will continue to get shorter, more liquid, an more risk averse as the class warfare hash is re-heated.



    Disclosure: Long UGL and BGZ
    Sep 08 6:28 PM | Link | Comment!
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