"many environmental problems are not caused by "market failure" but by government’s failure to enforce property rights."
Socialism and pollution:
http://disq.us/8hf0wz
Saturday, March 8, 2014
Recovery!!... not
2012: GDP +2.8%
2013: GDP +1.9%
Late 2013:
Obama: "This is the year that the recovery becomes real."
(Of course, if inflation is measured properly, the GDP numbers will be much lower.)
2013: GDP +1.9%
Late 2013:
Obama: "This is the year that the recovery becomes real."
(Of course, if inflation is measured properly, the GDP numbers will be much lower.)
Shale....not
http://www.bloomberg.com/news/2014-02-27/dream-of-u-s-oil-independence-slams-against-shale-costs.html
Crude oil needs to go higher for shale to be competitive.
Crude oil needs to go higher for shale to be competitive.
It's non-interventionism, not isolationism.
Kerry decries 'new isolationism', says U.S. acts like poor nation
http://www.reuters.com/article/2014/02/27/us-usa-kerry-isolationism-idUSBREA1Q06S20140227
it's not isolationism Kerry. Heard this word too often... It's non-interventionism! Besides, you don't have money!
http://www.reuters.com/article/2014/02/27/us-usa-kerry-isolationism-idUSBREA1Q06S20140227
it's not isolationism Kerry. Heard this word too often... It's non-interventionism! Besides, you don't have money!
N.Korea tidbits
N.Korea tidbits
-Looks like Internet services have been set up within the Kaesong Industrial Complex in N.Korea.
-People are getting their hands on lots of foreign currencies (USD and more recently, RMB) ever since the revaluation of the N.Korean Won in 2009, which had wiped out the savings of millions of people.
-The won has lost 99% of its value against USD in the black market (USD has lost 99% of its value against real goods in the past century).
-It appears that the 'underground' economy is now larger than the 'official' economy, fuelled by foreign currencies.
-Hope I beat Jim Rogers into buying N.Korean gold coins in a month's time.
-Looks like Internet services have been set up within the Kaesong Industrial Complex in N.Korea.
-People are getting their hands on lots of foreign currencies (USD and more recently, RMB) ever since the revaluation of the N.Korean Won in 2009, which had wiped out the savings of millions of people.
-The won has lost 99% of its value against USD in the black market (USD has lost 99% of its value against real goods in the past century).
-It appears that the 'underground' economy is now larger than the 'official' economy, fuelled by foreign currencies.
-Hope I beat Jim Rogers into buying N.Korean gold coins in a month's time.
Monday, February 24, 2014
Portfolio update
Mid-to-Long-term portfolio:
Long gold from $950
Long silver from $14
Short US 30-year bond futures from $150
Long sugar from 16.50 cents
Long north korean gold coins -- coming soon
Long chinese yuan against sgd from SGD:RMB of 1:5
Speculative:
Short S&P500 from $1840
Long gold from $950
Long silver from $14
Short US 30-year bond futures from $150
Long sugar from 16.50 cents
Long north korean gold coins -- coming soon
Long chinese yuan against sgd from SGD:RMB of 1:5
Speculative:
Short S&P500 from $1840
Friday, February 21, 2014
Song for helicopter Ben
http://www.youtube.com/watch?v=UKU1RVwzqkA
A song dedicated to helicopter Ben.
A song dedicated to helicopter Ben.
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