Archive - Nov 2013 - Blog entry

“This is different" and "this location is different" is the mantra of every property bubble. We will soon see if the London property bubble is truly different or will suffer the fate of the bubbles throughout history. Of the four charts in our market update today, which ones do you think show characteristics of a bubble? Those diversifying and buying gold in the UK will be rewarded in the coming years. The smart money is reducing exposure to overvalued London property and increasing exposure to undervalued gold. 

Five years ago it was worth $0. Then, a month and a half ago it went to $150 a piece. On Monday it shot to over $600.

Yesterday the US Senate held hearings on "virtual currencies" (meaning Bitcoin).  Meanwhile the "virtual currency" ran up above $800/USD and it was reported it got above $900.  It pulled back but as of now, is hovering above $700.

To Bit or not To Bit...

The big news that has somehow shocked the media is that the BLS was caught fudging the jobs numbers going into the 2012 election. How on earth is this news? Anyone with a working frontal cortex is aware that CPI, the unemployment numbers, GDP and virtually everything else reported by the Federal Government is massaged to the point of being fraudulent.

Pushing the neo-liberal argument further than it wants to go, with interesting results. 

Bitcoin has increased more than tenfold since the beginning of 2013. One of the reasons for the incredible surge is that bitcoin is a freely traded market and not subject to rigging or price manipulation by banks or government. Physical Gold, either in your possession or in allocated accounts, remains a far safer alternative both to bitcoin, to digital gold platforms and to paper and electronic currencies in what is still a vulnerable banking system. 

Money means power. Money only deprives people on the losing team of their fundamental rights in society and it’s money that makes the world go round.

In 1997, the SE Asian Tigers all faced severe economic stresses, partially triggered by a primarily foreign capital-funded massive real estate bubble in Thailand. Today the EXACT same thing is happening as untempered foreign investment into Thailand’s real estate market has created not a “soaring” real estate market as economists always incorrectly explain them, but massive real estate market distortions better known as a bubble.

Klingons?

It’s almost never openly admitted in public, but the reality is that few if any investors actually beat the market in the long-term. The reason for this is that most of the investment strategies employed by investors (professional or amateur) simply do not make money.

600 is a Bitcoin Bubble and Dow 16000 is Efficient Markets at work?

This is dog...

Germany has neither a minimum wage nor a government. Someday it might have both.

It it walks like a duck, quacks like a duck and looks like a duck... Is it really a platypus? After all, this time is different... Right?