With zero interest rates and our kids, kids, kids now broke – much is becoming clearer to me and about me.
There is no doubt, America is becoming a bit of France and Japan. The government is going to own the banks and major institutions like Media and Telecommunications at the pace we are deteriorating and in our FED policies we have quickly become Japan.
Stocks mean nothing, but 2 hour lunches and lifetime jobs mean EVERYTHING. Joie de vivre and Sneak attacks are the NEW AMERICA.
You could argue little things like does Japan really save (they do) or does a Deficit matter (it does not until it does, much like valuation).
I am 100 percent going with UpsideTrader on this one who says: ‘Pass The Saki !’:
With one major move we have become Japan with a zero interest rate environment. You heard it here six months ago as I opined that the actual event would happen by January, I was two weeks early. I have also purchased Rosetta Stone tapes to learn the language of France as we are almost fully nationalized. I will now wait patiently for ten or twenty years for the privatization of America. I hear it will be all the rage as those crazy Europeans did it back in the mid eighties with great fanfare.
Last nights post rang true today as the greenback collapsed and the commodity sector took off as well as the entire market. Helicopter Ben has now become Bunker Buster Ben as he did his best version of ” shock and awe.” The market bought it, so did I. The financials completed exploded higher today as did most sectors. Interesting how DIG and OIH were up but the actual commodity was down. Interesting how UYM rocked but no one is buying the underlying commodities. China’s steel output just plummeted 11%. Interesting how the Baltic Dry Index has been up for five weeks strait,but not because the economy is booming but because they are being rented out for floating warehouses because no one is buying the junk they are storing.
If you know me, I like hockey, Sushi and Crepes. I truly am Frapanadian at heart and now the land that I love has embraced all three in a loving way.
I dream of the day when I visit New York and instead of a late night ‘Halal’ Shawarma on 46th and 6th I can grab a Sugar Crepe and Spicy Tuna Hand Roll. We are so close to that special day and I am a happy happy man.
Complain all you want, but I long for French Rolls not Wonder Bread and the sickness that is Japanese pranks
Long Live Frapan!