Kyle at the Trend & Value Report is not part of the herd and in fact, unlike a lot of gold bugs, who think everybody is a 'sheeple' but them, this kid walks the walk. Irritatingly so, as his and my short term viewpoints tend to conflict fairly often. I know this because I receive his daily T&V Report in return for complimentary NFTRH. This morning in TVR Kyle talks about the truly sad performance of commodities over the decades as measured in gold, a macro theme that he and I obviously do agree on as you perhaps got tired of my 'commodity bull mania' screeds over the years. Having worked as a broker, Kyle understands the dynamics at play when some gurus are anointed as leaders (the George Gilders of everything from uranium to copper to pig iron) of a mania. You know who they are... "BUY resource stocks!!! Like those of my advertisers. They are your only hope as the government hyper-inflates!!!". Kyle, aside from looking like one of my [anti] heroes of the past, a young Johnny Rotten, gives a straight view and never claims to have a corner on the market for being right all the time. I perceive value in my Trend & Value letter that waits in my in box each morning.Gold, silver & Uncle Buck all rising together this morning? That does not compute... that does not compute... that does not compute... Recall this chart of the USD from the post below. Today will be errr, interesting.
Speaking of USD, now that the new admin has settled in, we are back to the currency wars as Tim Geithner warns production Ponzi scheme China that President Obama of consumption Ponzi scheme USA thinks the Chinese are manipulating their currency. Duhhhh. The problem is that the production Ponzi scheme owns a huge chunk of the debt of the already imploding consumers of last resort.
...and speaking of production Ponzi scheme China, well, I do not mention it very often because it is outside the scope of the blog, website and NFTRH, but I have another vocation as some readers may recall. I am a multi-tasker and just love to work and be productive, and in that regard I own a great little American manufacturing firm that is right on the cutting edge of progress and productivity. Ladies and gentlemen who depend on home oxygen therapy, it is with great sadness that I announce to you that the high quality oxygen conservers you depend on to breath properly, having been made in the USA to way over and above standards for the last 9 years will now be made for a fraction of the cost and quality (believe me, much more went into 'over and above' than meets the eye) in... well, you know. We will get through it. We always do. We are Americans after all. Luckily, there remain many medical equipment firms that would not think of trading off quality for labor arbitrage - yet. As for my former customer, they are a leading home health care company that, in the words of the buyer who was our point of contact 'wanted the US operation to fail'. This is of course in light of the fact that many corporations have highly paid people whose very job it is to OUTSOURCE AT ALL COSTS.
My kids love Karate. For discipline and self respect, this ancient art cannot be beat. I sat there in the waiting room last night with a bunch of other parents, plunking away on my laptop. Many of these people are struggling but the value they see their kids receiving would appear to make this a 'not until you send my job to China and pry the last few bucks out of my cold, lifeless hands will you take away my kid's karate' type of thing. Last night my 10 year old daughter did some sparring with a boy in front of the class. The Sensei asked the class "what do think about their styles?" and the response was "Izzy is a charger". Dad was proud. Kind of like when she flattened the boy who was hitting and picking on her on the school bus last year.
