Getting Back To Business

Here in the 9th floor office, I am attempting to catch up on the world events I passed by last week while taking vacation.

I spent the week on a lake with some friends. Which was, without a doubt, superior to spending it working. The weather was awesome.

Having looked only haphazardly over the news flow in between lunch and returning to the water each day, I’m sure I missed much. But here’s a brief summary of what I’ve gathered so far:

1 ) Spain is slowly being dragged to its death by the harpies
2 ) Italy is chained to Spain
3 ) We have had almost double digit numbers of EU summits
4 ) Rajoy is dumb
5 ) They still haven’t agreed on what the EU even is
6 ) The banks are losing horribly to the greatest bank run ever witnessed
7 ) China is imploding
8 ) Central banks are thinking about doing something – which is a polite way of saying their hands are completely tied
9 ) Total, actual money contributed for and ready to fight the funding crisis – 0 euros

I’m sticking with 25% cash, but not shorting anything. Silver’s sweet, the uranium market is heating up beneath the surface, and the rest of the stuff I own is fine.

Soon, the US will experience a contraction, all thanks to the euro going to parity against the dollar.

Please refer to my previous writings, as all of this was foretold long ago, in an office very much the one I’m sitting in, on this vary same floor.