"No man is a failure who is enjoying life."
—William Feather (American, 1889-1981)
Word
for the day
Mirabila (pl noun)
Marvels; Miracles.
Malice
towards none
Is India giving away too
much space to US or just allowing US its due space, correcting historical
anomalies?
First random thought this morning
Yesterday a leading national newspaper prominently carried the
news of Nupur Talwar, mother of Aryushi Talwar, getting three week parole for
attending to her ailing mother.
This in my view aptly reflects the degeneration of mainstream
media.
Alice in the wonderland
On the basis of my impression from
their works, I may classify them in five broad categories:
(a) Fearsome: These are large investors and seasoned
money managers who have serious stakes in the financial markets. They are
fearful about the inevitable collapse, but have chosen to stay invested.
Naturally they are invested in so called safe havens, driving the value of USD,
CHF, US and German treasuries, etc. to bubble levels. The more they are afraid,
the more air they are pumping into the bubble.
(b) Fear mongers: These are mostly unscrupulous bankers,
economists and analysts who are consistently creating an environment of fear
amongst various market participants and stakeholders to maximize their gains.
Based on their forecasts, many a times unsubstantiated, they are able to pursue
decision makers into a transaction that is mostly unnecessary.
(c) Fearless: These are mostly money managers and small
to midsized traders who are always there to take advantage of greed & fear
inequilibrium in the market. These mostly move around the globe in herds,
acting in tandem. Their entry and exit in an asset class, market or geography
causes massive rise in volatility.
(d) I said so variety: These are mostly academicians who
propagate multiple, often vague, inadequate, inconsistent and/or self
contradicting, economic theories in the market so as to claim the status of an
Oracle at a later date. I any event, but mostly collapse, they proudly claim
"I said so". Well funded by public money, mostly, they are at no loss
situation, in any eventuality.
(e) Data dependent: These are mostly official
statements of various central bankers, global financial institutions, and
governments. These are expressed in extremely measured words and are said to be
data dependent. Though watched carefully for each word and punctuation mark in
some cases (e.g., US Fed), in recent time these have lost their credibility.
Mostly the fearless type use these statements to further their cause in the
market.
From my careful readings of
various statements, reports and writings of a number of experts from the said
five categories, I have concluded that most of them are as clueless about the
timings and immediate trigger for the Endgame, as me or any of my readers.
That is obviously not a matter of
comfort for me; but it is motivation enough to break away from the popular
wisdom and develop own matrix and signals. Right or wrong - only time could
tell.....to continue
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