"Macro" Musings

[giofranchi]

Charles Gave on Cuckoo times.

 

giofranchi

Daily+12.7.12.pdf

[giofranchi]

The latest presentation from Mr. Gundlach:

 

http://www.docstoc.com/docs/138374979/12-11-12-To-Catch-A-Thief-webcast-Slides---FINAL

 

giofranchi

[giofranchi]

Mr. Ray Dalio on ValueWalk:

 

http://www.valuewalk.com/2012/12/ray-dalios-bearish-2013-outlook-austerity-coming-qe-losing-efficacy/

 

giofranchi

[dcollon]

I just read the below comments by Dr. Marc Faber and had to share them since they made me laugh... a lot.

 

Dr. Marc Faber, the investment guru, concluded his monthly bulletin  with the following comments! :

 

"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, it will go to India . If we purchase fruits and vegetables it will go to Mexico , Honduras and Guatemala . If we purchase a good car, it will go to Germany  and Japan . If we purchase useless crap, it will go to Taiwan . In short, none of it will help the American economy.

 

The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in the US .

I've been doing my part....."

 

[giofranchi]

I just read the below comments by Dr. Marc Faber and had to share them since they made me laugh... a lot.

 

Dr. Marc Faber, the investment guru, concluded his monthly bulletin  with the following comments! :

 

"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, it will go to India . If we purchase fruits and vegetables it will go to Mexico , Honduras and Guatemala . If we purchase a good car, it will go to Germany  and Japan . If we purchase useless crap, it will go to Taiwan . In short, none of it will help the American economy.

 

The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in the US .

I've been doing my part....."

 

Very funny!! ;D …But too pessimistic! I don’t believe that is true at all. Vice versa, I see a bright future for the US. :)

Cheers!

 

giofranchi

[biaggio]

I just read the below comments by Dr. Marc Faber and had to share them since they made me laugh... a lot.

 

Dr. Marc Faber, the investment guru, concluded his monthly bulletin  with the following comments! :

 

"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, it will go to India . If we purchase fruits and vegetables it will go to Mexico , Honduras and Guatemala . If we purchase a good car, it will go to Germany  and Japan . If we purchase useless crap, it will go to Taiwan . In short, none of it will help the American economy.

 

The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in the US .

I've been doing my part....."

 

very funny.

 

The sad thing is that in order for it to be funny there has to be some truth there.

 

I agree though that U.S will find a way to grow out of this. e.g. Hey we know they are going to spend 18-20% of GDP in health care. Who does not want to feel better and live longer

[giofranchi]

BCG on "Ending the Era of Ponzi Finance".

 

giofranchi

BCG_Ending_the_Era_of_Ponzi_Finance_Jan_2013.pdf

[giofranchi]

Bill Gross on "Strawberry Fields - Forever?", and Charles Gave on "The Control Engineers and the Notion of Risk".

 

giofranchi

OTB121215_2.pdf

[PlanMaestro]

Exit polls: LDP wins clear majority with 275-300 seats

http://www.japantoday.com/category/politics/view/exit-polls-ldp-wins-japan-election

 

Can Shinzo Abe Save Japan?

http://www.slate.com/articles/business/moneybox/2012/11/japan_election_shinzo_abe_s_plan_to_save_the_japanese_economy.html

[giofranchi]

John Mauldin on Gold.

 

giofranchi

December_17_2012.pdf

[giofranchi]

Charting US Debt And Deficit Since Inception.

 

giofranchi

Charting-US-Debt-And-Deficit-Since-Inception.pdf

[giofranchi]

Mr. Jeff Gundlach on Bloomberg:

 

http://www.zerohedge.com/news/2012-12-18/jeff-gundlach-fiscal-cliff-circus-and-why-investors-should-hold-cash-through-2013

 

giofranchi

[giofranchi]

David Rosenberg's 35 Charts For 2013

 

giofranchi

David_Rosenbergs_35_Charts_For_2013.pdf

[giofranchi]

The Keynesian Endpoint.

 

giofranchi

[giofranchi]

Eric Sprott on Gold and Silver:

 

http://seekingalpha.com/article/1080891-eric-sprott-i-think-we-are-in-for-a-shortage-of-physical-gold?source=feed

 

giofranchi

[giofranchi]

Things That Make You Go Hmmm... on Central Bank Balance Sheets and Gold.

 

giofranchi

586_eva12.28.12na.pdf

[rjstc]

I loved the new name of Benny (Bernanke) & The (Ink) Jets!!! Describes our central bank perfectly. Thanks for posting Giofranchi

[Guest rimm_never_sleeps]

Things That Make You Go Hmmm... on Central Bank Balance Sheets and Gold.

 

giofranchi

 

thank you for these documents.

[giofranchi]

Things That Make You Go Hmmm... on Central Bank Balance Sheets and Gold.

 

giofranchi

 

thank you for these documents.

 

wellmont, you changed your name?  ???

Excuse my ignorance, but who is LM?

Thank you!

 

In attachment the latest from Mr. Don Coxe.

 

giofranchi

Don_Coxe_BMO_Capital_Mkt_Basic_Points_THE_FINAL_PROBLEM_12.21.2012.pdf

[giofranchi]

Very good letter by Mr. Mauldin and Mr. Easterling.

 

giofranchi

TFTF121231.pdf

[giofranchi]

Very good letter by Mr. Mauldin and Mr. Easterling.

 

giofranchi

 

I think the graph in attachment should go with the Mauldin letter.

 

giofranchi

Stock-Secular-PE.pdf

[Guest wellmont]

Things That Make You Go Hmmm... on Central Bank Balance Sheets and Gold.

 

giofranchi

 

thank you for these documents.

 

wellmont, you changed your name?  ???

Excuse my ignorance, but who is LM?

Thank you!

 

In attachment the latest from Mr. Don Coxe.

 

giofranchi

 

a character from oliver stone's wall street. :)

[giofranchi]

Some investors, fixated on current return, reach for yield not with a new Wall Street product, but a very old one: common stocks. Finding bond yields unacceptably low, they pour money into stocks at the worst imaginable times. These investors fail to consider that bond market yields are public information, well known to stock investors who incorporate the current level of interest rates into share prices. When bond yields are low, share prices are likely to be high. Yield-seeking investors who rush into stocks when yields are low not only fail to achieve a free lunch, they also tend to buy in at or near a market top.

 

- "Margin of Safety", Seth A. Klarman

 

giofranchi

[giofranchi]

"Feeling Sorry For People Who Don't Drink" by Louis Gave

 

giofranchi

Feeling_Sorry_For_People_Who_Dont_Drink.pdf

[giofranchi]

Lateast "The Credit Strategist" by Michael Lewitt.

 

giofranchi

1-1-13_TCS.pdf