Friday, September 21, 2012

The Commodities' Producers Meltdown

Most of "genius" is predicting the timing of meltdowns (even though most rational financial participants know that it's not that important.)

Goodbye, Australian and Canadian housing bubbles. It was lovely knowing you.

Australia is in full-on meltdown mode as we speak. Canada is lagging a little by about six months but that's neither here nor there.

(On a related note, goodbye Chinese investors in Vancouver. And goodbye, Mrs. Watanabe in the currency markets for yield. ありがとう, ありがとう! Your clocks are gonna get cleaned.)

No, you weren't terribly different. Sucks to be you!

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