Here is the latest conversation I had with money manager Andrew Horowitz…. new insights for anyone who invests in anything.
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Picked a great day for this post, John.
Har. 🙂
Invest heavily and see what happens.
Happy with actual investments. Have a small amount of crap I’d be glad to sell you around 2:30 PM EST. 🙂
In Netflix shorts? Not bad man, not bad
Things are fairly simple – Corporate America is now Corporate Asia.
It is ugly, but now out in the open: If it comes down to it, the U.S. will just bomb somebody and take their money.
What you see here is a failure to communicate.
Today’s rise is a flight from low yielding investments into something that follows inflation. These increases in stock prices are a wager that inflation will drive more free money into the stockmarket, supporting further increases. Until the free money dries up.
So they took all these credit institutions and banks down a peg or two, in their credit rating. So what? What’s that really mean. Their ratings were “corrected” to what they really should have been, years ago. Maybe even not as low as they deserve. Think they’re hurting now? No. Not when they’re all taken down together. So they’re not triple A rated, they’re only double or single A rated. Seriously doubt it effects how they do business in any way. It’s a hand slap. No CEOs or CFOs are going to prison. No billion dollar fines. Just this highly publicized ratings “punishment”. Big deal.
The World Bank came to the rescue of the European nations who threaten to default on their debt. Probably something America should do, but never will. The World Bank hasn’t rushed to come to the aid of America, with cheaper loans, etc. So the WB is keepin the rest of the world afloat. So there will be an overseas economy for jobs, that disappear from America. It’s really about propping up the finances of the international corporations. Who largely depend on America as their customers. But keep their labor and profits in these foreign lands. It’s like making sure Count Dracula has a safe lair, so he can go blood sucking with confidence.
You just demonstrated why freedom of speech should never be abolished. If you had said nothing I might have thought you knew something about economics. It is now obvious that your understanding of economics is in the negative numbers.
There will always be a bear market coming. The stock market is cyclic. The only question is how bad and how long.
It was a good program. I just don’t have the kind of money needed to even consider playing this game.