We ended the last post (the first part of a discussion with Harris Kupperman – “Kuppy”) discussing Mongolia and then Cambodia. In this discussion Harris and I moved on to the state of the world economy, and Japan in particular. ——- Chris: We’re living in a very unique investing environment at present. Frankly when I [...]
August 23, 2012 By 3 Comments
This is Who Will Save The World!
Japan has just shocked the market with…you guessed it, a widening trade deficit. We spilled a fair bit of digital ink explaining why the Japanese Government fiscal situation is a moth in search of a flame. Our complimentary report which you can download, print and doodle on anytime you please…(really we’ll take no offense, just be sure [...]
May 15, 2012 By 5 Comments
The Cliff Edge is Safe… Really!!
Our friend Harris Kupperman recently wrote an interesting article asking the question, “Does Real Estate Equal A Bond Short?” If you haven’t read his occasional musings you should. He’s sharper than the hairpins at Monaco. To summarize Harris’ article: You’re not buying Real estate per se, what you’re buying is long-dated fixed-rate debt while betting [...]
November 1, 2011 By 22 Comments
Betting on an Inevitable and Overlooked Crisis
It seems as if all the present focus in financial markets is on Europe and “solving” their debt crisis. Debt is by far the biggest problem facing the developed world. What is interesting is that there lurks a far greater crisis on the horizon in my opinion, one that dwarfs the present European drama. Let [...]
October 21, 2011 By Leave a Comment
The (New) Debt Trap
In the last post Chris talked about Education versus Schooling, and why he wanted his kids to travel, explore, try, fail and succeed, versus going (at least directly) to university when the time comes. His reasons have less to do with affording the education, and more to do with its overall utility. There are certainly [...]
