This is no longer a matter for joking. It is time to look out, take everything in, and be dead serious. If you do not have adequate cash reserves, you had better take the proper precautions.
The recent market activity has been nothing shy of ominous. Leadership names have dropped greater than 50% in a matter of months. Debt markets are in whipsaw. Currency markets are like a ravenous sea.
If somehow, you have escaped this fate, congratulations. Now stop messing around. You are not invincible.
We need concerted efforts on the parts of central bankers, but I fear that the political situation is untenable. I understand if you are skeptical on the ability of central bankers to fix any of our underlying problems. That makes sense; because central bankers cannot fix our underlying problems. In fact, there is much to be argued that they prolong or even enable those problems.
But, that is not to say they are not still a preferable alternative to a hard stall of the system. You need to look around and realize just how much debt and financial instruments we have created here. Yes, there is no method of easily unwinding it. But if everything crashes to a halt again, a lot of innocent people are going to get hurt. Evolution is a very violent process.
If you enjoy the content at iBankCoin, please follow us on Twitter
First of all thanks for your posts, they are always helpful.
Yes I am nervous. I’m thinking these days it would be helpful if we knew who owed what to whom ,particularly with public cos.
Insightful as always. We’ll said Mr. Thaler
Thanks Mr. Thaler. I have definitely made myself smaller over the past few weeks. Now just trying to determine if I need to take more drastic action in the longer term accounts.