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About allyjcambo

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  1. https://www.youtube.com/watch?v=P0cAZ_Ux4CI
  2. allyjcambo

    UK House Prices - The Long, Long Wait

    I'd go for it Dr. You've been patient and know your stuff. Besides, Edinburgh property is beautiful. Wish I could say the same for property down here in London - 2 bedroom flats in North West London are just so darn expensive. It might well be cheaper to pay a mortgage than rent but I refuse to put every last penny I have and liquidate my bullion to get some 2 bedder with a tiny kitchen and 10 by 11 living room. Sod that. Good luck.
  3. allyjcambo

    2011 Predictions

    Thank you CC for producing all of these. Some really interesting insights/predictions from all your guests. In many ways Bob Hoye and James Turk are miles apart - and yet they have a lot in common too. Not unlike the inflation/deflationists who post here.
  4. Merry Christmas one and all, AJC posting from the East Neuk of Fife, Scotland.
  5. Congratulations Dr B and 'thank you' to all the regular posters whose contributions make this place such a fantasitc resource. This is and continues to be a brilliant site and way ahead of the curve.
  6. I have no idea if you are right or wrong about that but I did read this the other day........ "Some background: Japan has a gross debt-to-GDP ratio of about 227% of GDP. This is more than three times the level of the United States. But more than 100 percentage points (of GDP) of this debt is owed to the Japanese central bank. This means that the interest payments on this debt go to the government of Japan, so there is no interest burden added by this part of the debt. In fact, Japan's net interest payments are less than 2% of GDP, which is a modest amount. It also means something else that most of the economists in this debate are not eager to talk about: that Japan has financed nearly half of its public debt by creating money. In other words, instead of the government borrowing money from investors, the central bank created money and lent it to the government. In the popular imagination, this creation of trillions of dollars (in yen) to finance government deficits has to cause serious inflation. However, the Japanese experience has been the opposite: over the last 20 years, Japan's consumer price index has risen about 5% – that's the 20-year total, not annual inflation." http://www.guardian.co.uk/commentisfree/ci...ficit-reduction
  7. allyjcambo

    RIP Zapata George

    Sad news. I liked listening to Zapata. He was a proper supply/demand fundamentalist - not always terribly helpful when you're trying to stay protected from the violence of the markets. That said, I remember him making a call on Dominic's show about oil heading to $160 or thereabouts. To be fair it wasn't at long after that it hit $147.
  8. I've read a few of his op-eds recently: he spends almost all his time mocking the austerity crew and yet never explains how or why continued government borrowing will turn the ship around. It's almost as if it's a given or lifted out of the 'we need to do something' playbook. He should draw on past precedent (if any exists) and justify why running deficits will prove to be a panacea. No doubt when the double dip turns up, he'll blame it all on poor policy and try to take credit for arguing otherwise. It goes without saying that he will ignore the unprecendented build up of private and public debt along with the associated malinvestment.
  9. allyjcambo

    Is GBP, now oversold against the Dollar ?

    I tend to agree with this. Gold's run against the GBP is due for a pause. I think the GBP will continue to show strength against other leading currencies for the next few months mainly because problems seem to be more pressing elsewhere (e.g. Eurozone). It may not be till later in the year/start of 2011 that we see the GBP continue its decline - i.e. the point at which spending cuts become a reality.
  10. allyjcambo


    IRS, just out of interest don't suppose you've ever said to someone, 'I've never thought about that before, not sure I agree, but it's an interesting point and I can totally see where you're coming from" I mean seriously, i kind of agree with some of what you say in principle, but how do you interact with people on a day-to-day basis? Is it all 'ad hominems' and 'stawmen'
  11. From Goldfinger's face in your avatar, it looks like he may be suffering from what you so delicately describe above.
  12. Great post El Dali - totally agree with you. Hendry can be rude but so what, his content is good even if you don't agree with him. Halligan likes to present himself as anti-establishment but a lot of his writing is quite glib and lacking in rigour. He does have a large fan base - if you ever read the comments below his Sunday Telegraph articles there are load of people lining up to kiss his ass.
  13. Maybe, but remember that Bernanke has been wrong on a lot of things.
  14. Exactly - almost any economic activity gets taxed by the government these days. Not just that, but the taxes are going up and up. It's as if you and your assets have to stay completely still if you are to avoid the government's tax grabbing hand. Such inertia cannot be healthy for the economy.
  15. Quite. Here's the link by the way. http://www.the-daily-politics.com/home/38-...mmend-you-panic And here's some more info and the guy (Jeffrey Sachs) who Hugh was so very rude to. http://en.wikipedia.org/wiki/Jeffrey_Sachs Hugh is one of the very few guys who appears on UK mainstream and talks the language of guys like Faber & Bonner. It's always interesting to see how presenters and other guests react to him - like he's some kind of demented maverick.