What is a hangover, Dad?
‘What is a hangover Dad’ was the question we were asked during our school run this morning. As ‘it wasn’t me’ as 2 beers after a run doesn’t do that we were remiss to ask ‘why do you ask?’.
However It did give us the opportunity to provide some analogies & connect them with some lessons to be learnt. But do we learn & those who might have suffered a 2nd hangover & even sworn off it sometimes don’t.
This is what the markets are suffering at present. Not of course those European politicians who were on their sacrosanct August holidays when decisions were needed to be made.
So the markets have had a riot of a party. We can only sympathise with those English Bobbies after teaching maths in North London in 1975 & 1976.
Why is the electorate so mad at present. Why would there be a riot of a poll if it was held today. Simply because all that is wrong in Europe we are seeing here. The English are taking their medicine after laboring with a government which was turfed out because they were very browned off. Just compare what Brown sold gold at then & the 1800p.oz it is today.
Now the rest of Europe is having its hangover & unfortunately when others have hangovers you don’t want to be around. This could be a long hangover as the European banks as Peter Q from Bell Potter suggested in April haven’t yet ‘dried out’ or recapitalised as they need to do.
Peter Q was also optimistic on next year & demonstrated with a template that this was ‘normal volatility’. He also suggested 15% correction & we may well have suffered more than that but it was fair guideline.
Very simply the party where we have Big Brother government provided the cheap plonk & the banks the cheap debt is over. It’s now back to individual responsibility where you are in charge of your destiny. It’s your choice whether to drink or not.
As coach Robbie Deans has pointed out & what the Wallabies didn’t do on last Saturday night ‘you must play what is in front of you’ & ‘you must earn the right & confront’ before going sideways. We understand at least two of those All Blacks have no hangovers as they intend to have a bigger party [maybe] in October.
Self discipline is what Dad would like a child to practice although we can’t be a spoil sport or ‘train cats’.
The electorate is mad because they have been ‘on the wagon’ for 3 years & the poll dancers & the ‘taxx & confiscate’ haven’t.
Why are there so many anti Red Queen emails circulating?
The secessionists in WA have been arguing so for a long time.It was scary to be advised that the IRS want to know [‘Important changes to US tax documentation processes. Due to changes made by the Internal Revenue Service (IRS), clients now need to submit their own tax documentation if they hold securities that pay U.S. derived income.
Read more...’]
There is a lesson here to be read & we suggest 1984 is a good read.
Cash & gold & basic common sense may well be kings.
As Dads do we need & try to be exemplary. It is time our elected leaders do the same. As individuals & companies most are behaving & reducing down debts & saving cash & staying out of DJs.
Is it now a better time to ‘Now when we say we have a deal, we mean we have a deal and today we have what could be THE BEST PRICED CENTRAL OTAGO PINOT NOIR IN AUSTRALIA, IF NOT THE WORLD, PRODUCED by AWARD WINNING winemaker Ant Moore the, Row 88 Central Otago Pinot Noir 2009. AT UNDER HALF OF ITS NORMAL PRICE FOR JUST $9.99 (DON’T PAY $25.99) this is one of those deals that even we find hard to fathom but get in quick as once word gets out that we have a Pinot Noir from NZ’s if not the world’s finest Pinot growing region Central Otago!
This above email just arrived & although tempting we will resist at least until October when those two AB forward abstainers might have a better excuse for a party.
DWM did indicate to us on Tuesday ‘I am going to be away for 2 months. While I'm away, use your discretion to invest some of my cash fund.’
Bret suggested today ‘Might buy this morning & sell this arvo & then invest the profits into some CFD's in currency for overnight, so I can make a fortune even when I go to bed. Can't possibly see how that could go wrong.’
We will resist all at least until October& you are welcome to call us on 07 3848 1088 or email us or visit our websites.
It’s HW time or practice before the next big game. Does your portfolio have the longevity for a full game.
When we ‘wake’ up we might find Big government is broke & can’t afford to party or pay your Ponzi scheme pensions any longer.
John McAuliffe
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