Archive - 2012 - Blog entry

Violence, oil theft, pipeline vandalism, kidnappings, pollution, piracy, sabotage, decrepit infrastructure, and electricity for 50% of the people

Think of a steady stream of rusty old ships headed for the scrap-yards of India. Each one means China gets stronger.

All this market optimism is due to the backdrop of rumors of a bailout being asked for. Or maybe the bailout was being forced onto Spain. Maybe it’s both.

Nice Job Creating More Terrorists, You Morons …

"PENDING LARRY [Page] QUOTE"

First “decent” Spanish auction in ages, decent being just normal, if not even boring. In absence of hard facts, outside the hypnosis trick “All will be well! Believe me…", I’d like to remain on the cautious side, though.

On EU decisisons, it could look like Good Cop / Bad Cop act, if it wasn’t clear that the players actually mean what they are saying.

Won't be EZ...

There are an awful lot of people who are crapping in their pants over this development

As the Euro infection commences, is it time to profit?

Real Debate is Censored

Just before Lehman, these people had exactly zero predictive capabilities.

Is it safe yet?

Playing in the market, with Phil. 

European Risk remains buoyant (unlike in the US), but the question is whether Moody’s upholding Spain a tick above Junk is really worth a 30bp plus relief rally?

While the media world is abuzz with last night’s Presidential debate, I’d like to cut through the noise and present you with two truly staggering facts that need to be kept in mind as the backdrop for the US Presidential Election

A "terrible" track record