Brad Sester : Crisis analysis of credit risk(US/Europe) vs currency risk(China/Japan/Saudi)

[c1ue]

Re: Brad Sester : Crisis analysis of credit risk(US/Europe) vs currency risk(China/Japan/Saudi)

Now who's not remembering what they said:

$100+$20-$90-$30=$0

Or perhaps your example is as screwed up as your supposed brilliant thinking?

As for my businesses in Russia, they are doing just great.

All those who bought Russian stocks and bonds trying to 'vacuum nickels' and 'reap emerging market strength' are the ones who are suffering, while in Russia all those who profited from the real estate bubble and those who copy-catted the Western debt pyramid business model are suffering.

Funny enough, when you sell something people need which in turn doesn't require credit financing, you do just fine when credit bubbles burst.

[Supercilious]

Re: Brad Sester : Crisis analysis of credit risk(US/Europe) vs currency risk(China/Japan/Saudi)

Now who's not remembering what they said:
Quote:

Originally Posted by $#* $100+$20-$90-$30=$0

Or perhaps your example is as screwed up as your supposed brilliant thinking?

You may be absolutely correct here. Trying to use oversimplified examples sometimes is a bad idea. I apologize for any confusion created by a poor example.

As for my businesses in Russia, they are doing just great.

That is good to hear and I'm sincerely glad to hear that. Just take care because there is a lot of risk now in doing business in Russia.

All those who bought Russian stocks and bonds trying to 'vacuum nickels' and 'reap emerging market strength' are the ones who are suffering, while in Russia all those who profited from the real estate bubble and those who copy-catted the Western debt pyramid business model are suffering.

Absolutely true.

Funny enough, when you sell something people need which in turn doesn't require credit financing, you do just fine when credit bubbles burst.

Yup. You nailed it. And if you are well positioned, know what you are doing and you are able to move fast when needed, this crisis can be a time of great opportunity for you. In a few years you could get in Fortune 500 and stay there for a long time, after buying Chelsea and Magna. I'm not joking.

[don]

Re: Brad Sester : Crisis analysis of credit risk(US/Europe) vs currency risk(China/Japan/Saudi)

Hear, hear!

Thanks guys, I can't post a graphic on itulip to save my ass.