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IceCap Asset Management's Summary View On Capital Markets

Tyler Durden's picture





 

From IceCap Asset Management

Our view on global investment markets: December 2010: The Secret Santa (pdf)

 


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Sat, 12/25/2010 - 05:56 | Link to Comment Azannoth
Azannoth's picture

That was short, and can be summarised as buy gold, not that I dissagree :)

Sat, 12/25/2010 - 16:43 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

Welcome to Canada, your physical is welcome too.

We have fresh water, wide open spaces, wheat, beef, oil, fertilizer... You just don't want to live anywhere near where we get our oil, but other than that, it is a beautiful country, with millions of friendly people.  Can't speak for all of them, though!

But, as a warning, Canada's central bank is run by a former Goldman Sachs employee of 13 years, Mark Carney.  So although we will do relatively well, expect our currency to be devalued along with the USD.

May I recommend the West Coast?

http://psychonews.site90.net

Check out our latest PsychoNews story: "PsyOps, Disinformation & Bold Faced Liars"

Sat, 12/25/2010 - 18:19 | Link to Comment rocker
rocker's picture

Are not all Central Banks run by or influenced by the elite GS oligarchy ?    They surely control and run the U.S. FED.

Sat, 12/25/2010 - 19:52 | Link to Comment banksterhater
banksterhater's picture

It's not like a US citizen can just move to Canada, right?

Sun, 12/26/2010 - 11:29 | Link to Comment Azannoth
Azannoth's picture

I am Not a US citizen :) but I am not planning to move to Canada nothing personla just like it a bit warmer

Sun, 12/26/2010 - 15:02 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

Its about 50 degrees Fahrenheit,  for the start of winter I will take it!

Every region has its pros/cons.  California has mudslides and wildfires.  Pakistan and Bangladesh are fertile, but those same rivers pose a MASSIVE flood risk.  If you are unlucky enough to be located in the Middle East, you may have to invade your neighbors just to provide enough water to allow your population to expand (*cough Golan Heights cough*).  Some places experience extended periods of drought... 

I guess what I am saying is,  if I can go outside with out a hat or gloves, I don't consider it cold!

 

Sun, 12/26/2010 - 11:38 | Link to Comment hardcleareye
hardcleareye's picture

Yes, US citizens can "just move to Canada", set up residence etc..

If your interested these are good attorneys to chat with about this..

http://www.capellekane.com/contact.html

Sun, 12/26/2010 - 22:37 | Link to Comment rosiescenario
rosiescenario's picture

What city in North America has the most Candians?

 

................la

Sat, 12/25/2010 - 12:10 | Link to Comment macholatte
macholatte's picture

One would think that the natural course of events would be rioting, but that's probably not going to happen. Civil unrest is not going to get much worse than it has already. A handful of civil servants and some students in the streets does not create any kind of meaningful change as has already been seen. Nothing significant will happen unless and untill the mainstream population gets upset and there's no sign of that happening, certainly not in the USA.

So what it all means is a slow grinding of the sheeple into serfdom. They get to keep their electronic toys, their Oprah, their paid days off, abundance of food at the super market, fuel at the corner gas station, their illusion of freedom and nobody gets too upset.

 

The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville

 Permit me to issue and control the money of a nation, and I care not who makes its laws.
Mayer Amschel Rothschild

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
Warren Buffett

I am not afraid of an army of lions led by a sheep; I am afraid of an army of sheep led by a lion.
Alexander the Great

Sat, 12/25/2010 - 13:49 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

Something is gotta give at some point.

All commodities to the moon?

Sun, 12/26/2010 - 04:21 | Link to Comment jeff montanye
jeff montanye's picture

army of sheep bitchez.

Sat, 12/25/2010 - 15:34 | Link to Comment TexDenim
TexDenim's picture

They are certainly on the money about another disaster in Europe in 2011. Probably sooner than we think, like in January.

Sat, 12/25/2010 - 16:49 | Link to Comment squexx
squexx's picture

Nine 2011 Predictions
By David Chu
A Rense.com Exclusive
12-23-10
1. The U.S. will implement QE3/4 when the $600 billion of QE2 is not enough (already it is not enough as admitted by the Fed's chairman Benjamin Shalom Bernanke recently on CBS' 60 Minutes).  Except it won't be called as such in the lamestream media.  QE3/4 will be in the trillions of U.S. dollars (USD) of quantitative easing, i.e., fake digital money printing from the Fed to sop up unwanted U.S. Treasuries.  The unstated and ONLY purpose of QE2 and QE3/4 is to buy up all of the U.S. Treasury debts that the foreign nations are beginning to refuse to buy while they are quietly dumping what they possess on the U.S. and world markets in exchange for real and tangible assets and resources.
 
2. The major export nations like China, Russia, Brazil, India, Argentina, and others will engage in and increase their non USD-denominated trading among themselves, as exemplified by the recent China-Russia trade agreements whereby they would start trading in Rubles and Yuans, and not use USD as is typically transacted in international trades for commodities and oil.  This will put increasing devaluation pressures on the USD.  So, look forward to the US Dollar Index to drop further from the low 80s now to the low 70s or even lower in 2011.
 
3. Retail food prices in the U.S. will increase in the low to medium DOUBLE digit ranges (10% to 40%) for everything from the junk/GMO "foods" served by corporations like McDonald's to healthy/organic foods supplied by companies like Whole Foods Market.  This will take place noticeably in the first half of 2011.
 
4. The real estate market in Canada will finally begin its collapse suddenly after the new year celebrations are over, mimicking the real estate crash of the U.S. that began in late 2008.  Over heated markets like Vancouver will suffer the most as the average house price there is around $1 million Canadian (the Canadian dollar is almost on par with the USD).  The average homeowner in Vancouver is spending about 70% of its BEFORE-tax income on paying mortgages.  This financial situation is totally unsustainable.  To illustrate a parallel, past example why it is going to be the case:  In 2005, the "median" California family spent almost 73% of their AFTER-tax income on their "median" California house ($477,700), and look what happened to the real estate market in California.  A 50+% devaluation of the Vancouver real estate market is very likely over the next 1-3 years.  But the crash will begin in early half of 2011.
 
5. The Chinese real estate market, the last investment vehicle in China for those Chinese with money, will also begin its collapse suddenly, hitting hard cities like Shanghai, Beijing, Fuzhou, etc.  According to a very recent article by UK's Daily Mail Online, there are as many as 64 MILLION empty homes in China with no one occupying these brand new homes!  This China real estate crash will have serious implications for the real estate market in Vancouver.  There won't be m/any Chinese millionaires plunking down $1+ million CASH for buying real estate in Vancouver, as has been the case over the recent years.
 
6. Inflation will run rampant in China as it is already doing so with retail food prices.  See my recent article (www.rense.com/Currency%20Wars%20For%20Dummies.pdf) as to the real causes of huge inflation in China.  Unless China allows its Yuan to appreciate (increase in value) against the ever falling USD, rampant inflation in China will continue its course unabated.  If China allows its Yuan to appreciate by any significant amount (7% or more), such an action will DECIMATE its export industries and manufacturers, because of the extremely thin profit margins that their exporters have to work with.  China will raise its interest rates to try to stop inflation but that will not do the job.  In fact, raising interest rates will only cause more foreign currencies to go into China in search of higher yields, unless China imposes strict restrictions on the importation of foreign currencies and investments.
 
7. The EU will continue its financial collapse, as nations like Spain, Portugal, and Italy will join Greece and Ireland in facing the stark choice between (Option 1) bailing out THEIR banksters or (Option 2) having THEIR nation go bankrupt.  The IMF/World Bank model of "rescuing" these EU nations were perfected on the so-called Third World nations such as Argentina (viz., John Perkins' book, "Confessions of an Economic Hitman").  In 2001, Argentina defaulted on its IMF loans, i.e., it was forced to take Option 2, and its people suffered tremendously as the majority of its middle class was literally wiped out overnight.  The Banksters in Argentina (with such strange and exotic names like JPMorgan Chase, Citibank, etc.) were able to fly out their billions of USD on private jets before the forced conversion and devaluation of the Argentina pesos/savings were implemented on the masses.  Millions of Argentineans keep their savings as USD in their banks before the collapse.  When the forced conversion and devaluation of those USD savings were imposed on its citizens, the banks were closed and ATMs withdrawals were limited to a few hundred pesos (less than $50 USD) per person per day.  Overnight, Argentineans saw their savings lose over 75% in value (the peso went from 1:1 to 4:1, requiring 4 pesos to buy 1 USD overnight).  And then the multi-national corporations came in like financial vultures and bought up the natural resources and public utilities for pennies on the USD.  THAT is IMF's Option 2 for Spain, Portugal, and Italy.  Option 1 is long term financial servitude and slavery for the citizens of the bankrupt country as is happening to Ireland.
 
8. Silver and gold will continue to climb in 2011.  Silver will increase much more than gold in 2011, as the "Crash JP Morgan, Buy Silver" viral campaign started by Max Kaiser in early November will take off exponentially in 2011.  Silver will breach $50 per ounce in 2011.
 
9. A major war will break out somewhere in the world in 2011 (if not in 2011 then definitely in 2012) involving the U.S. and/or one of its proxy allies, i.e., Israel, South Korea, etc.  The very recent massive war exercises conducted by South Korea and the U.S. were meant to provoke a military response from North Korea.  Fortunately, the North Koreans didn't take the bait.  This will be the final American Bubble to inflate as the U.S. will try to use "shock and awe" on either North Korea or Iran or even maybe a country in Africa in a futile attempt to bypass and cover up the greatest economic and financial collapse in world's history.
 
Sun, 12/26/2010 - 04:39 | Link to Comment jeff montanye
jeff montanye's picture

re 1 and 7 above: there is (at least) a third choice to bankster bailout and national bankruptcy: organized debt restructuring with shareholder wipeouts, bonus clawbacks and bondholder haircuts but no defaulting on counterparties or depositors.  

it could be done.  will it?  only if "we" will it. 

Sun, 12/26/2010 - 10:59 | Link to Comment voltaic
voltaic's picture

Thanks for that third alternative, since the two mentioned were a choice between terrible and horrible. 

Sun, 12/26/2010 - 11:31 | Link to Comment hardcleareye
hardcleareye's picture

The power that be are the only "we" that counts and they are NOT going to "fall on their own sword".  Is it possible? Yes..  Is is PROBABLE?  Highly unlikely......

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