Well I couldn't believe it when I heard the term decoupling mentioned again, like pink football boots I thought I had seen and heard the end of that.
You have to be kidding, we are more interlinked than the jewelry on the queen of Sheba's wrists and here is your proof. A few days ago I had a christening to attend so I went to a toy store to buy a gift and a religious card, well the toy was made in Taiwan the card was made in Mexico, I used my HSBC card which stands for, Hong Kong & Shanghai banking corp, the guy who runs the store is from Pakistan, I am Australian my girlfriend is from Honduras, we live in NYC and the parents of the child, one is from England the other is from America. Finally something from America. Decoupling are you kidding the only thing that has decoupled are bobby bad fingers and his thumbs but even they get together every now and then, spend 10minutes of your life on youtube searching his stuff you wont be disappointed and if there is one thing this great nation of America is good for its creating characters like this guy, best exports we have really and a lot more useful than a GM warranty.
http://www.youtube.com/watch?v=1iPv7gXKMjQ
If you want to ever fire me up mention the term decoupling in a serious sentence. Well before they said China wont be affected by Americas slow down, now that's been buried they say China will grow while America doesn't, good luck with that thesis. Yeah they might FINALLY create an internal demand as the ROW has stopped buying from them but I wouldn't call it decoupling not in today's world.
With a meeting scheduled on Thursday regarding banks and mark to market which shouldn't be changed but WILL be changed. You may want to get some FAS triple long financials but don't hang on to them like a big 36D women as you will end up having your heart broken. Be in and out like a bank robber as that's how you will feel. Mark to market, last year they said it was wrong as it didn't value the assets properly as there was no market, you want to know why a year ago we had no market for it, well check the price today, that's why, it was crap. Anyway it shouldn't be change, any major bank like Citi or BAC that needs a rule change on one major instrument to help them survives just hides the cracks we have in risk control, greed and all that jazz. Anyway lets just follow the herd on this one but get out before you get mad cow.
Giddy Up
Monday, March 9, 2009
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