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IceCap Asset Management - Kudlow's Foot Meets His Mouth

Tyler Durden's picture





 

From IceCap Asset Management:

Of today’s major events, our biggest concern lies with the uncertainty in the Middle East & North Africa. Most Westerners, ourselves included, do not understand the complexities of these societies. What we do (and need to) understand is that the situation today is at its most strenuous in any of our lifetimes. This region produces over 35% of the World’s oil supply. Since current global production is about 88 millions of barrels/day, and current global consumption at close to 86 millions of barrels/day, the slightest disruption of production from anywhere, especially the Middle East, will have profound effects on this delicate equilibrium. In response to these unusual times, we are holding healthy allocations to gold bullion, crude oil and other commodities. We continue with our neutral  allocation to stocks and will do so until our trend models signal otherwise.

Full report:

IceCap-Asset-Management-Limited-Global-Markets March 2011

 


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Thu, 03/31/2011 - 22:52 | Link to Comment prophet
prophet's picture

If I'm reading the news flow right it looks like "we" are greenlighting Egypt's military to move West and will supply them with whatever they need. 

Thu, 03/31/2011 - 22:58 | Link to Comment ShouldveLeftHer
ShouldveLeftHer's picture

Wheres this info to be found? Id like to read up

Thu, 03/31/2011 - 23:22 | Link to Comment rocker
rocker's picture

Thank you Tyler and IceCap.  Scumlow out did himself. Nothing Better since his own "Scumlow and Drainer Show".

I wonder how thankful Comcast is that they bought the whole CNBC shit shows.

The info and live version can be found on Youtube. Just type part of the Kudlow quote,

“The human toll here looks to be much worse than the economic toll, and we can be grateful for that.

This shithead really believes he and his elite buddies are above all of us. Plastic hip and all.

The good news is his body is decaying right in front of us.  Bad teeth and mind included.

Fri, 04/01/2011 - 04:09 | Link to Comment Harlequin001
Harlequin001's picture

This issue of oil in no way equates the the much larger problem with the value of our money.

It is a minor issue in the great scheme of things.

One day I'm sure people will come to realise that...

Fri, 04/01/2011 - 00:07 | Link to Comment DeadFred
DeadFred's picture

Could be on the way already.  200 miles from the Mersa Matruh base to the border, another 200 across the desert road to Berga.  Could easily arrive at the front by tomorrow night.  The DOW could be soaring on Monday.  Melt-up.

Fri, 04/01/2011 - 01:11 | Link to Comment DeadFred
DeadFred's picture

Oh sorry, and PMs too.  Silver bitchez.  Truthfully I wish I was better at predicting what an event like that would do to the markets.  Hope your mantle is made of teflon if you're right, there's nothing on the net about it.  Spotlight time.

Thu, 03/31/2011 - 22:59 | Link to Comment SparkyvonBellagio
SparkyvonBellagio's picture

Lets push for Ron Paul / Rick Santelli in 2012 .

Oh sure they probably haven't even thought about it, but that's one Bitchin' Winning Ticket if you ask me. Hope it morphs into reality!

Cheers

Thu, 03/31/2011 - 23:02 | Link to Comment SparkyvonBellagio
SparkyvonBellagio's picture

First of all, the authors MATH indicates how we have AN EVERY DAY SURPLUS AND IT'S BEEN THAT WAY FOREVER.

So everyone just pull back a little and we have A FRIGGIN GIANT OIL GLUT EVEN WITH A DISRUPTION.

The numbers don't lie, ONLY PEOPLE DO!

Thu, 03/31/2011 - 23:11 | Link to Comment Miss anthrope
Miss anthrope's picture

Hey..... <echo> where is everybody?

Thu, 03/31/2011 - 23:54 | Link to Comment monopoly
monopoly's picture

And he is still on the air. Well, who cares, do any of us watch it for more than 30 minutes a day. What a wasteland, except for Santelli and Diana Glick.

Thu, 03/31/2011 - 23:55 | Link to Comment Yen Cross
Yen Cross's picture

I stand corrected. A beautiful (wonderful)l woman makes a man. ( With Integrity.)

Fri, 04/01/2011 - 00:01 | Link to Comment Yen Cross
Yen Cross's picture

I appreciate Larries confluence.

Fri, 04/01/2011 - 00:09 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Very interesting, a week or a bit late is better than never arriving eh?

I'll clap the day an asset management company makes a statement like this:

Subscriber alert. The global situation has deteriorated to a point where we feel it is best to get off the bandwagon for the forseeable future. All investor assets will be liquidated to be solidated into Hard Money. We are happy for th etime spent together, have made a lot of money off our services and feel it is time to hibernate for now. Good luck and No Investing.

Dreaming is De-Reaming!

ORI

http://aadivaahan.wordpress.com/2011/03/31/on-cue-goombye-truth-hello-sweet-lie/

Fri, 04/01/2011 - 05:05 | Link to Comment Harlequin001
Harlequin001's picture

Er no, you might simply move everything to physical gold and establish credit lines for liquidity that clients can access instead of having to sell physical gold. That would also apply to corporate investors.

That way it wouldn't matter how much money they printed...

and you could enjoy it all the way to the top, without selling half way up...

Fri, 04/01/2011 - 07:57 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Hint, Gold = Hard Money. That I think Au is a lost cause is another matter altogether.

ORI

Fri, 04/01/2011 - 01:29 | Link to Comment PulauHantu29
PulauHantu29's picture

Gold, Oil and other PMs....sleep well at night...peaceful as against inflation and deflation.

Fri, 04/01/2011 - 02:29 | Link to Comment American Dissident
American Dissident's picture

Blame it on the Scotch Larry!

Fri, 04/01/2011 - 02:24 | Link to Comment American Dissident
American Dissident's picture

Becomming quite the parroting Propapagandizing Idiot.  Larry,  GE is only a minority owner - SPEAK THE TRUTH RINO!

Fri, 04/01/2011 - 10:13 | Link to Comment RockyRacoon
RockyRacoon's picture

Yes, Larry K. is a maroon.  If we need oil, just drop a rig into his scalp.  Plenty of oil there.  Poor boob is going bald and slicks down the mop with some pretty oleaginous concoctions.

Tue, 07/19/2011 - 07:11 | Link to Comment cindycheng
cindycheng's picture

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cindycheng's picture

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