Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.
Friday, July 22, 2011
Tea Party Numpties
Looks as if some sort of compromise is happening. As some political commentator once said about the British Cabinet: Nothing concentrates the mind of the Cabinet quite so much as a fall in the Pound. Do any of the pollies playing chicken with the US debt cap know just how dangerous a default by the US would be? I suspect the intelligent ones (if that's not an oxymoron) do. Which is why I'm not selling and running screaming for the hills. (Why the hills?)
Posted by Nikolaos at 12:50 PM