Like the inflationists – they think Gold is the savior – which to me is the greatest concensus of all.

Only Prechter, Hendry don't fancy Gold [yet]

Like the inflationists – they think Gold is the savior – which to me is the greatest concensus of all.

Only Prechter, Hendry don't fancy Gold [yet]

>>According to Klarman's 2006 speech at Columbia University, Baupost had one analyst exclusively analyze Enron for four years that comprised lots of cash but complex liabilities intertwined among more than 1,000 subsidiaries and shell companies. <<

That sentence makes no sense whatsoever.

But then, Forbes allows its online columnists to shill their own businesses in their columns, so no one's exactly accusing it of journalistic integrity.

Ok, Jim, but does your poodle know the difference between 'there' and 'their'?

One thing that is bizarre to me is that almost no one is talking about guarding against both inflation and deflation. As Meb pointed out in his other concurrent post, it is not that expensive or onerous to do guard against both. I personally try to do this, I hold most of my assets in a Permanent Portfolio which is designed to weather inflation and deflation: it holds gold and long treasury bonds for each case. The rest of my money follows a group of trend-following systems that are designed to profit from any impending volatility. In making this choice i am looking at scenarios such as '73-'74 '89 '94 '97 '98 '00, '08, Iceland '09 etc. Here is an interesting read about Iceland. Do you think whatever strategy you employ would ride through this credit market volatility successfully? http://europeanpermanentportfolio.blogspot.com/…

In the spirit of “Imagining things that never happened before”. Here is my effort at some scenarios to think through:

“Market's close for days or weeks and you have no idea where they will open wrt your stops.”
“Short selling is curtailed.”
“Access to withdrawing funds from retirement or brokerage accounts is restricted.”
“Federal price fixing for gold and silver, requires black market transactions to realize any gains.”
“Widespread stock market manipulation using quant algorithms on the Fed's dime.”
“New large sellers/sources of gold and silver whether real or manufactured FUD.”
“Oil embargo.”
“Fed buying lion's share of new treasury offerings through the UK or broker-dealers.”
and most contrarian of all:
“US sets standard for responsible government spending, and launches massive economic growth based in the hot new ____ sector that did not even exist before this year.”

Like you, my contrarian meter is pegged regarding the overwhelming crowd moving in lock step regarding high rates and high inflation. If I lean the other way as my gut is telling me to than I am in lock step with Joe Retail 401K who has been piling into bonds or Rosenberg and Shilling who have watch a 60% rebound with their thumbs up thier behinds.

Could neither group be correct? What if rates and inflation stay tame and within a trading range for several years?