|Information literacy. Big picture reality checks. Investment
ideas and other things I found out when I took an interest.
|I started this site about four years ago to advertise IT skills, but my big picture views
demanded that I tell anyone who was interested my take because it was actionable and
urgent. I have slowly become more confident of my approach and the paradigms that
inform my understanding and may offer some training.
Did I offer good advice? I thought Gold and silver made investment sense. Not because I
was naive, poorly informed or a "gold bug," but because it was the safest play in town. I
was right about gold, it has provided 30% a year more or less risk free since 2001 in
Australian dollars. No end in sight. After US loan markets went toxic I was on top of the
fact that the Minsky moment was coming and that a credit crisis was dead ahead. In
retrospect, I should have been writing to the CEO's of the ASX200, but I didn't conceive
the extent to which absolutely everyone was leveraged and long and about to enter a
world of pain.
The problems I identified are all too clear now; Peak Oil, a credit squeeze and a failure of
Bretton Woods 2 and dollar hegemony is next on the cards.
You ready for that? The financial and wealth building strategies that worked best over
the last 25 years are broken. Did your advisor warn you of the credit crunch or the
volatility in oil? Think it all though and take responsibility yourself, that's my advice.
Market News for traders
Video you might find interesting.
Why Uranium is a bull market.
Here is the site map.
My open letter about changes in the RBA repo policy, since then things are much worse.
My open letter to Prime Minister Rudd.
|What's worth a look? If you want news on the credit crisis: try the link. If you want ideas
on alternative energy investments on the ASX, look here.
|"This is going to be one of the worst economic downturns
since the Great Depression."
--Nobel Laureate Joseph Stiglitz, April 25, 2008"
"There are disturbing trends: huge imbalances, disequilibria,
risks -- call them what you will. Altogether the circumstances
seem to me as dangerous and intractable as any I can
remember, and I can remember quite a lot. We're borrowing
so much from abroad that we're skating on thin ice. Can we
correct this problem without some kind of international
financial crisis?" Regarding the need for policies that reverse
the triple deficit, "I don't know whether the change will come
with a bang or a whimper, whether sooner or later. But as
things stand, it is more likely than not that it will be financial
crises rather than policy foresight that will force the change."
- -Paul Volcker, Former Federal Reserve Chairman, (April 10,
"Right now, the rest of the world owns $3 trillion more of us
than we own of them. In my view, it will create political turmoil
at some point. Pretty soon, I think there will be a big
--Warren Buffet, speaking at the University of Nevada, Reno,
"We're clearly on an imprudent and unsustainable fiscal path.
Our current liabilities and unfunded commitments as of the
end of the last fiscal year amounted to over $43 trillion, up to
$13 trillion in one year alone."
- -David Walker, U.S. Comptroller General (April 11, 2005)- -
“It's puzzling why bankers have come up with these new ways
to lose money when the old ways were working so well.
-- Wells Fargo (WFC) CEO John Stumpf
"Most mainstream economic analysis is not intellectually
weak, but it is, alas, backward looking and too respectful of
The real problem is their inability to accept the possibility of
fundamental change, of major discontinuities in the basic
model. They are skilled in their assessment of stepwise
shifts in the current system – but hopeless at spotting
significant disruptions. "
--- Kevin McKern Futurist, Blogger and Site Owner. -Jan 08