tag:blogger.com,1999:blog-6616959642391988608.post6644450686389671636..comments2024-03-18T13:22:06.536-07:00Comments on Calafia Beach Pundit: The dollar is still very weakScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6616959642391988608.post-83750496641950987342010-04-14T06:27:12.896-07:002010-04-14T06:27:12.896-07:00I want to make one more point here about the US Do...I want to make one more point here about the US Dollar and then I'll move on (promise). <br /><br />When I was starting out in the securities business I had a lot of accounts that traded a lot. They generally were small to mediun size accounts and I worked hard servicing them. There was another, much older guy in my office who didn't seem to work as hard as I was working (he was, he was Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-64594902354094504172010-04-13T18:05:48.654-07:002010-04-13T18:05:48.654-07:00From your lips to G-d's ears, and I hope you d...From your lips to G-d's ears, and I hope you do well. <br /><br />I have noted over the years that hands-on property investors in Southern California have done enormously well. The tax code really, really forces wealth into property. You can leverge, you can expense, you can deduct. <br /><br />Each to his own, and I hope the best for all. <br /><br />I sense a big rally in global equities,Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-52550201036249554572010-04-13T17:51:51.196-07:002010-04-13T17:51:51.196-07:00Benj,
Not a thing in the world wrong with startin...Benj,<br /><br />Not a thing in the world wrong with starting and running one's own business. It's as American as apple pie. More people should get an idea and give it a try. No better way to get an education than to have to meet a payroll every week. <br /><br />I do not share your disdain for owning common stocks. It is a difficult way to invest for most people and requires the use of aJohnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-85652739844986390422010-04-13T17:15:14.069-07:002010-04-13T17:15:14.069-07:00One weakness of large US public companies: Not eno...One weakness of large US public companies: Not enough shareholder accountability.<br /><br />Curiously enough, the SEC is sandbagging attempts that would "allow" shareholders to place slates up for board elections.<br /><br />I like that word, "allow." Shareholders have to be "allowed" to put up slates for board membership. In companies that they won, and are voting Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-14823570329856961852010-04-13T17:00:57.061-07:002010-04-13T17:00:57.061-07:00Hi Benj,
As my little grandson says, 'correct...Hi Benj,<br /><br />As my little grandson says, 'correcto facto'. Asia will develop rapidly IF they can solve a few political issues. China has some freedom of speech problems and I'm still not convinced they can transfer power peacefully on a consistent basis over time. If they can pull it off it will be terrific for the global economy. However, China has a history of fracturing and Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-78878570484284969432010-04-13T16:37:31.283-07:002010-04-13T16:37:31.283-07:00John-
I think there is a great deal to be said fo...John-<br /><br />I think there is a great deal to be said for having a stable government, and a system of courts and contract and property law. We will get political flight capital here. <br /><br />Transparency in financial markets is vital. <br /><br />That said, the mainland Chinese are not migrating here anymore. The earth is tilting back to East Asia. Sheesh, 1.5 billion people with Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-34390827778161297612010-04-13T16:06:20.100-07:002010-04-13T16:06:20.100-07:00The world is full of people right now that think t...The world is full of people right now that think the US dollar is trash. I find it amusing that barely eighteen momths ago it was virtually the ONLY currency anyone wanted to hold. <br /><br />Bear with me on this one because I want to make a point on the dollar. <br /><br />My wife and I are tennis players. I love to play but I can take or leave watching, depending on who's playing. My wife,Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63710341555061207772010-04-13T15:37:52.262-07:002010-04-13T15:37:52.262-07:00Even if the unit of exchange hitherto has been art...Even if the unit of exchange hitherto has been artifically pegged too high, or sinks below its "natural" level due to pessimism about the USA?Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87925138275322932212010-04-13T15:14:42.120-07:002010-04-13T15:14:42.120-07:00Scott,
Would you explain to Benjamin that changing...Scott,<br />Would you explain to Benjamin that changing the unit of account DOES NOT change the terms of trade.davehttps://www.blogger.com/profile/01173750820649272172noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56469550597689626252010-04-13T13:50:23.549-07:002010-04-13T13:50:23.549-07:00I agree. We are becomng less and lass a credible ...I agree. We are becomng less and lass a credible debtor. Other parts of the globe are more promising, especially Asia.<br /><br />I hope we put our fiscal house in order. <br /><br />One hope is that dollar becomes so weak, we go back to being an exporting nation. May happen in the next 20 years.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com