tag:blogger.com,1999:blog-6616959642391988608.post4782748953544606858..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Service sector still OKScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6616959642391988608.post-50532261919773091942015-02-05T12:57:44.905-08:002015-02-05T12:57:44.905-08:00Here is the link to the summary of the McKinsey re...Here is the link to the summary of the McKinsey report.<br /><br />http://www.mckinsey.com/insights/economic_studies/debt_and_not_much_deleveraging<br /><br />Here is the second sentence of the last paragraph:<br /><br />Yet if, as it appears, economies need ever-larger amounts of debt to grow, and deleveraging is rare and increasingly difficult, they may also need to learn to live more safely Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-42223279180619161082015-02-05T12:34:27.375-08:002015-02-05T12:34:27.375-08:00William: Thanks for the feedback. I appreciate it...William: Thanks for the feedback. I appreciate it. For what it's worth, I agree with the five points you raised. Best of luck, MGGrechsterhttps://www.blogger.com/profile/08898953158865778397noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13280662728963406602015-02-05T11:13:32.655-08:002015-02-05T11:13:32.655-08:00RE: CASH
If - due to the lower price of natural r...<b>RE: CASH</b><br /><br />If - due to the lower price of natural resources including crude oil and the devaluation of many foreign currencies - the US CPI were to fall by 1.5% in 2015, the purchasing power of one's cash would increase by 1.5% even if the money market fund paid nothing. <br /><br />In a falling inflation environment, CASH can be KING especially if bond and equity prices fall Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-62146827976428463472015-02-05T10:55:57.955-08:002015-02-05T10:55:57.955-08:00Matthew
Yeah, that is correct, C'est mois! A...<b>Matthew</b> <br /><br />Yeah, that is correct, C'est mois! As I wrote I sold equities and thereby raised cash to 42%; the other 58% is in equities. The "cash" is in a Vanguard money market fund earning nothing.<br /><br />I don't understand my "instinct" myself. But from 2010 to 2012 I kept buying the major corrections until I was 125% long. Then went off margin Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-38553432364840553232015-02-05T06:30:57.109-08:002015-02-05T06:30:57.109-08:00William: First, are you the gentleman who was on m...William: First, are you the gentleman who was on margin for the whole run-up but then liquidated a good chunk a few months ago? If so, well done (even if we haven't come off that much recently). Question: You raise many worrisome points and I have a good deal of respect for what I think are your instincts. My question is: What do you invest in now? By implication from your posts, it wouldGrechsterhttps://www.blogger.com/profile/08898953158865778397noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50866174867669367902015-02-04T19:41:56.561-08:002015-02-04T19:41:56.561-08:00A World Overflowing With Debt
"That's th...<b>A World Overflowing With Debt</b><br /><br />"That's the warning today from McKinsey & Co.'s research division which estimates that since 2007, the IOUs of governments, companies, households and financial firms in 47 countries has grown by $57 trillion to $199 trillion, a rise equivalent to 17 percentage points of gross domestic product. <br /><br /><b>While not as big a gain Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-14676303562733839292015-02-04T19:36:08.160-08:002015-02-04T19:36:08.160-08:00William: interesting news. Look for lower global i...William: interesting news. Look for lower global interest rates...US lower too? Probably. <br />The new normal is ZIRP? <br />No.<br />The new normal is negative interest rates?<br />Maybe coming to a bank near you!Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-8092219957435191132015-02-04T17:57:56.105-08:002015-02-04T17:57:56.105-08:00Negative Yields on Eurozone Sovereign Bonds Becomi...<b>Negative Yields on Eurozone Sovereign Bonds Becoming New Normal</b><br /><br /><em>Finland First Nation in Region to Pay Negative Yield on Five-Year Debt Sold at Auction</em><br /><br />"On Wednesday, Finland became the first nation in the region to pay a negative yield on five-year debt sold at auction, suggesting that investors are unperturbed by the country’s weak economic expansion Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-89797319142058625162015-02-04T16:08:29.848-08:002015-02-04T16:08:29.848-08:00Great post. Except my first and last reaction to e...Great post. Except my first and last reaction to everything is to worry, a trait inherited from my parents.<br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com