Wednesday, January 6, 2010
After a small break :), I’m back. I’ll try to be a lot more regular than I’ve been; albeit not as prolific as I once used to be.
Some of the things I’ve been thinking about…
1) Are we in a bubble? Or have we always been in a bubble? Is ‘bubble’ a main-street term for the cyclic nature of the economy?
2) Gold, silver, stocks and the dollar– what’s happening? What does this mean for Oil and Gas?
3) Dubai going bust, getting bailed out by UAE? How do they get out of this economic grind? Will Oil be at the receiving end of this (read as ‘Will Oil save the Arabian economy”)
And there’s much more on my mind… But more later!
Thank you for tuning in (again)…
I was playing with a dollar bill at the local Starbucks this evening, on my way back from another long day at work. A friend, who was waiting in line to get his coffee, nonchalantly announced, “There was a time when I used to buy a gallon of gas with that piece of paper”. I initially thought that the comment was just a 50-year old reminiscing about good old times and what could’ve been. But then upon returning home, I started thinking about what it takes to resurrect the dollar and how the dollar got here in the very first place.
(Continued)
A lesson I learnt from the Bear Stearns fallout was that if you get into a stock when it hits rock-bottom, your investment can only go up.
While I was a little late with the Bear Stearns opportunity (when it briefly traded at $2 and change); I see a potential opportunity for me (and like minded investors) to make good on the now notorious: Freddie and Fannie.
