Or if you don't celebrate Christmas, Happy Holidays!
I look forward to continuing our conversation next Monday, December 27. If I have anything to post in the meantime, I will.
Parker
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In search of high R-multiples while keeping losses small.
Merry Christmas Parker :)))
ReplyDeleteParker
ReplyDeleteI just completed the construction of my world famous Pendennis Egg Nog and soon I won't care whether the market goes up or goes down!
Have a great Holiday weekend!
Bill
thank you Parker for all you generously share. Merry Christmas to you!
ReplyDeleteall best - kohai
Merry Christmas Porter and thanks again for the work you are doing.
ReplyDeleteW
Thank you and the best you...Happy Holidays!
ReplyDeleteParker:
ReplyDeleteMerry Christmas and best wishes for the Holiday season.
Best to you and everyone here..........and your families for the Holidays! "Markets are forever, family isn't"
ReplyDeleteMerry Christmas and best wishes for you and your family. Thank you very much for all your great posts.
ReplyDeleteParker, Le deseo una muy Feliz Navidad.
ReplyDeleteOh man! Just reread my post. Very sorry for calling you Porter, Parker. I had just written a email to a friend named Porter and I guess the name stuck in my head.
ReplyDeleteNo problem, Wiley.
ReplyDeletekiddin' :-)
From an analyst I respect:
ReplyDeleteQ: What is your latest view on deflation? Many say that we're still headed for a deflationary collapse, despite all the Fed money printing. You don't agree?
A: No, I do not. Chief reason: We do not have the same monetary system we had back during the Great Depression. We are not on a gold standard.
Instead, central bankers are free to print infinite amounts of money whenever they want. Over time, printing money will inflate virtually all asset prices.
Ask yourself a simple question: Our monetary system is the opposite of what we had in the 1930s. So how can one expect the same results?
Moreover, the important question should never be whether the world is heading toward deflation or inflation, but rather, which sectors will inflate, and which will deflate?
For many of the reasons I've mentioned in my newsletter since its inception — I believe that deflation in the value of our money (its price and purchasing power are falling), and inflation in the value of hard assets will be the dominant macroeconomic force for many years to come.
I also believe that broad stock markets will join in this process and re-inflate, eventually rising simultaneously with the bull markets in commodities. This is exactly what has been happening.
Achilles, great post. Do you mind sayting who the analyst is?
ReplyDelete