I just had to post this. I dont follow Hockey and therefore didnt even know who this guy was before today, but I now have the utmost respect for the man. I appreciate the part about this not being about politics or party, as I feel 99% of Americans get too wrapped up in that to see that both sides are screwing their constituents equally.
Bruins goaltender Tim Thomas released the following statement Monday evening regarding his absence from the Bruins' visit to the White House this afternoon:"I believe the Federal government has grown out of control, threatening the Rights, Liberties, and Property of the People. This is being done at the Executive, Legislative, and Judicial level. This is in direct opposition to the Constitution and the Founding Fathers vision for the Federal government. Because I believe this, today I exercised my right as a Free Citizen, and did not visit the White House. This was not about politics or party, as in my opinion both parties are responsible for the situation we are in as a country. This was about a choice I had to make as an INDIVIDUAL. This is the only public statement I will be making on this topic. TT"
http://www.nhl.com/ice/news.htm?id=613279
Monday, January 23, 2012
Tuesday, January 10, 2012
Bob Janjuah
I think Bob is one of a handful of guys that really gets the bigger picture here. I think he nails both the longer term and shorter term outlooks for 2012 here and encourage everyone to read this short piece.
Unchanged from last year/the last few years: Too much debt, insufficient "real" self-sustaining growth, and the same old failed thinking from (Western) policymakers, which over the last 20 + years has created the biggest debt disaster in modern history. Western policy makers, at the national and G20/IMF level, still seem to have no response to solvency problems other than printing more money, loading on more debt, and hoping that "time" sorts it all out. In other words, the extension of ponzi schemes which are being used to cover up our lack of competitiveness and real productivity growth through the use of money debasement and leverage.
http://www.zerohedge.com/news/bob-janjuah-ushers-new-year-here-we-go-again
Unchanged from last year/the last few years: Too much debt, insufficient "real" self-sustaining growth, and the same old failed thinking from (Western) policymakers, which over the last 20 + years has created the biggest debt disaster in modern history. Western policy makers, at the national and G20/IMF level, still seem to have no response to solvency problems other than printing more money, loading on more debt, and hoping that "time" sorts it all out. In other words, the extension of ponzi schemes which are being used to cover up our lack of competitiveness and real productivity growth through the use of money debasement and leverage.
http://www.zerohedge.com/news/bob-janjuah-ushers-new-year-here-we-go-again
Monday, January 9, 2012
Black Swan # 1 ?
Will be diving deeper into this topic over the next week or so, but read this over the weekend and wanted to share. While equities of major Canadian Banks are trading approximately 50-80% higher then April 2009, spreads between Canadian financials and non financials are at their widest since April 2009. Hmmmm.... One of these things is not like the other......
It seems to me that general sentiment is still that Canadian banks are best prepared to weather any global slowdown and that they are far safer than any US or European bank.
Given that Canadian banks were able to make new all time highs after 08, I understand why people believe that, but in my opinion it is a mirage. With today's uber integrated financial system in which assets are pledged ten times over, I don't believe any large, global financial institution is immune to the reverberations of the inevitable European debt implosion.
I'm certainly no options professional, but the fact that I can buy RY July 40 puts for only 1.30 seems a bit insane to me.
I could be right, I could be wrong, but this is the kind of assymetric risk-return that gets me excited!
More on this later.
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/01/04/bloomberg_articlesLX9YML6VDKHZ.DTL
It seems to me that general sentiment is still that Canadian banks are best prepared to weather any global slowdown and that they are far safer than any US or European bank.
Given that Canadian banks were able to make new all time highs after 08, I understand why people believe that, but in my opinion it is a mirage. With today's uber integrated financial system in which assets are pledged ten times over, I don't believe any large, global financial institution is immune to the reverberations of the inevitable European debt implosion.
I'm certainly no options professional, but the fact that I can buy RY July 40 puts for only 1.30 seems a bit insane to me.
I could be right, I could be wrong, but this is the kind of assymetric risk-return that gets me excited!
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/01/04/bloomberg_articlesLX9YML6VDKHZ.DTL
Let's get this party started
Well, been meaning to get this off the ground for a while, but have been too lazy to proceed.
Finally got tired of talking to myself about capital markets and global macro topics, so gonna start writing about that here and see where it goes.
I'm really looking forward to the year for a number of reasons. Unfortunately, I worry that this may be the year that the global strategy of "kick the can down the road" finally runs out of pavement. On a positive note, kick the can has gone on far longer than I ever though it would, so perhaps it may continue for a while longer. Either way, I believe this should be quite the interesting year in worldwide capital markets and I look forward to sharing my thoughts along the way.
Finally got tired of talking to myself about capital markets and global macro topics, so gonna start writing about that here and see where it goes.
I'm really looking forward to the year for a number of reasons. Unfortunately, I worry that this may be the year that the global strategy of "kick the can down the road" finally runs out of pavement. On a positive note, kick the can has gone on far longer than I ever though it would, so perhaps it may continue for a while longer. Either way, I believe this should be quite the interesting year in worldwide capital markets and I look forward to sharing my thoughts along the way.
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