QUESTION: Mr. Armstrong – Neural nets and deep-learning algos are not all that new. However, with the advent of quantum computing power and huge cloud data stores recording every flinch people make, the business world is abuzz that this is the portent for AI to now transform business, business management, and our lives. Of course, trading systems are now being ‘trained’ on datasets. However, regardless the algo, it’s learning capacity is still limited by the extent of the data that it is presented. Since you have spent so much exhaustive work amassing such a long-term financial (and governmental, etc.) database, using even such things as coinage records for your forensics, I have to wonder if these other systems will still have a long run to go before their forecasting power can match that of your models. Do you expect this to provide Socrates an advantage over the new wave of AI market/trading forecasters that will last for some time yet?
SC
ANSWER: The long-term database is essential. That cost more than $100 million to assemble and quite frankly, nobody seems to be willing to spend that much. This is why all prior models have collapsed creating economic catastrophes such as Long-Term Capital Management debacle. They collapsed again in 2007. Nevertheless, then you have the problem of Neutral Nets are just incapable of handling the vast array of variables. The attempts to create trading models are all flat-model based. Our system has made so many accurate forecasts for so long on so many markets around the globe that I do not even comment on. It is far too much for me to even write about. That is the whole purpose of Socrates.
I had to design a completely different programming technique to work out the complexity. Just image calculating every market in the world in 35 different currencies. The number of variables is beyond comprehension. If we are talking about a limited number of variables for normal business operations, Neural Nets are fine. When it comes to market forecasting, they can develop a Deep Learning system on a single market, but without correlating this with all other markets, you will NEVER see the contagion coming. When everything crashed in 1998 because of the collapse in the Russian debt markets, the illiquidity caused funds to sell other assets to raise cash to cover losses elsewhere. The Russian bond collapse caused a massive sell-off in Japanese yen/dollar rate that had absolutely NOTHING to do with the fundamentals in Japan. Contagions always emerge externally so you can create a model and it will work for a while and then you lose everything.
Bernie Sanders is probably the only Democrat who has been honest enough to admit that the Democratic Party has been a complete failure. It’s focus on Marxism and creating class warfare has been a serious issue that will fuel civil unrest as the Socialist agenda continues to implode. Sanders recently said: “The business model, if you like, of the Democratic Party for the last 15 years or so has been a failure. People sometimes don’t see that because there was a charismatic individual named Barack Obama.” When we look at the total seats held in both the Senate and House by each party, the bear market in the Democrats becomes obvious. The Democrats actually peaked with the first election of Franklin D. Roosevelt in 1932. They have been gradually declining ever since.
Bernie pointed also to the Democratic Party’s many state legislative losses to Republicans. He has pointed out that the Republicans control most of the state legislatures throughout the country. What Bernie fails to grasp is that government is far too corrupt to actually govern and provide any true improvement in the lifestyle of the average person. The entire Socialist agenda has been devastating on absolutely every front. The introduction of Social Security shifted the focus away from inter-family security being replaced by the state. Kids no longer save to take care of their parents for that is the government’s job. Eastern Europeans still rely upon the family as you also see in China. In the USA, an amazing amount of children are still living with their parents into the 30s all because of taxes.
On top of that, the tax burden upon people has steadily risen. During the 1930s, it took just one person to earn a salary to support a family. It was the Democrats who imposed the income tax all the way down creating the Payroll Tax. They changed the definition of the rich from $5 million to $250,000 just to collect more taxes. What they have done is not just caused more children to be living with their parents into their thirties, but young families cannot survive unless the wife also works. That may be great for the Women’s Liberation Movement, but it has also robbed women of even the luxury to stay home and raise their children during the formative years. It now takes two incomes to sustain what one used to do before the income tax.
The Democrats also seriously altered the black family, which was once stronger than even the white community because they needed each other. With the introduction of welfare, they began to pay girls for the number of children they had and created an incentive not to get married. Similar programs in New Zealand provided total care for a girl if she had no idea who the father of the child was. Even the white community found the number of women who had no idea who the father was rose dramatically because they received free housing. The guy just ran out the back door when the social worker arrived. The ethnic background or race does not matter – it is economic incentives to undermine the family structure. Today, the black family has fallen to the bottom compared to whites and Hispanics all because of decades of economic incentives not to have a family structure. Studiesnow show the net effect of such social policies. “The United States shows striking racial and ethnic differences in marriage patterns. Compared to both white and Hispanic women, black women marry later in life, are less likely to marry at all, and have higher rates of marital instability.” Instead of blaming race, we need to look closer at the failure of Socialism.
The only message of the Democrats is also the same – vote for them because you are the victim of the rich. Instead of being like King Midas where everything he touched turned to gold, everything they have touched has crumbled to dust. Have Democratic policies ever worked? Communism failed. Behind the old Iron Curtain, the people as a whole learned the hard way that government is not something you can trust. Unfortunately, Europe and North America must learn the same lesson. The first major reform is not to simply lower taxes, but to prohibit direct taxation as was originally set forth by the Founding Fathers until the Marxists amended the Constitution and have ever since been destroy our culture. One of the primary reasons corporation have moved offshore is not because they will pay wages that are cheaper. The number one reason is for consistency. It is always a battle over taxes. How can you invest in a plant and assume your profit margin will be XYZ, and then the Democrats raise the taxes when they get back in. Other countries office 25-year tax guarantees NOT to raise their tax rate. Would you sign a lease for an apartment that said if the landlord needs money, he can raise your rate any time he desires and if you refuse to pay he can throw you in prison? Welcome to the American tax system.
QUESTION: Has the world lost sight of what is a Protection Priority??
Equifax CEO Richard Smith Resigns after Backlash Over Massive Data Breach Equifax that compromised the PERMANENT data (SOCIAL SECURITY NUMBERS ) of 143 million Americans. AND IS REWARDED $18.4 million. (including a $7.6 million bonus.)
Facebook CEO Mark Zuckerberg has to testify next week on Capitol Hill regarding recent revelations about uses of people’s data (where they shop, eat, play) that they made public in the first place.
What are our security priorities??
MG
ANSWER: Our entire loss of privacy rights should be a major class action lawsuit. To sign up for anything, they have tremendous detailed legal agreements where effectively you waive all your rights to privacy. It is a situation where UNLESS you waive your rights, you cannot participate in the digital world. My personal legal theory is straightforward. I will be glad to help any law firm that wishes to bring such an action. You CANNOT possibly waive any Constitutional right whatsoever BECAUSE such an act of waiver means that every person in this country, even if not a citizen, can constructively amend the Constitution. That means the Constitution is a scrap of paper with no substance. The only authority to amend anything in the Constitution remains Article Five and that requires two-thirds of Congress to vote for such a change.
Constitution Article Five
The Congress, whenever two thirds of both houses shall deem it necessary, shall propose amendments to this Constitution, or, on the application of the legislatures of two thirds of the several states, shall call a convention for proposing amendments, which, in either case, shall be valid to all intents and purposes, as part of this Constitution, when ratified by the legislatures of three fourths of the several states, or by conventions in three fourths thereof, as the one or the other mode of ratification may be proposed by the Congress; provided that no amendment which may be made prior to the year one thousand eight hundred and eight shall in any manner affect the first and fourth clauses in the ninth section of the first article; and that no state, without its consent, shall be deprived of its equal suffrage in the Senate.
The Constitution is NEGATIVE meaning it is a restraint upon government. Any waiver means you are amending the Constitution to give them more power than the Founders granted. That is an un-Democratic result. Justice Jackson explained that these constitutional principles in the Bill of Rights “grew in soil which also produced a philosophy that the individual[‘s] . . . liberty was attainable through mere absence of governmental restraints.” West Virginia State Bd. of Education v. Barnette, 319 U.S. 624, 639 (1943).
One of the greatest legal minds of today is Judge Richard Posner of the 7th Circuit. In November 1980, in Joliet, Illinois, a car turned over and caught fire. A policeman arrived and began directing traffic away from the scene. He made no effort to determine whether or not there were people in the car. There were, and they burned to death. The city was sued for damages on the ground that, by failing to save the occupants, the policeman and therefore the city had deprived them of life or liberty without due process of law. Relief was denied.
Judge Richard Posner wrote that the Constitution “is a charter of negative rather than positive liberties. . . . The men who wrote the Bill of Rights were not concerned that Government might do too little for the people but that it might do too much to them. The Fourteenth Amendment, adopted in 1868 at the height of laissez-faire thinking, sought to protect Americans from oppression by state government, not to secure them basic governmental services.” Jackson v. City of Joliet, 715 F.2d 1200, 1203 (7th Cir.), cert. denied, 465 U.S. 1049 (1983). Thus the city had no constitutional duty to help the accident victims, and thus its failure to act deprived them of neither liberty nor life /Id. at 1206.
Therefore, the Constitution is unquestionably NEGATIVE and it imposes no duty upon the government to create any program even under the Socialist philosophies. Instead, it was always a restraint upon the government to ensure our liberty. Hence, you CANNOT waive any Constitutional right for that would be constructively amending the Constitution and therefore you are granting power to the government to act unconstitutio9nally which would then also violate Equal Protection of the laws for they can coerce everyone to surrender a right and that means people are not treated the same.
In Griswold v. Connecticut, 381 U.S. 479 (1965), is a landmark case in the United States that established the Right to Privacy which Facebook and just about everyone else is coercing people to surrender. The case involved a Connecticut “Comstock law” that prohibited any person from using “any drug, medicinal article or instrument for the purpose of preventing conception.” They prosecuted and convicted a doctor as accessories for giving married persons information and medical advice on how to prevent conception and, following examination, prescribing a contraceptive device or material for the wife’s use. The Supreme Court held that the statute was unconstitutional, and that “the clear effect of [the Connecticut law…] is to deny disadvantaged citizens […] access to medical assistance and up-to-date information in respect to proper methods of birth control.” By a vote of 7–2, the Supreme Court invalidated the law on the grounds that it violated the “right to marital privacy”, establishing the basis for the right to privacy with respect to intimate practices. This and other cases view the right to privacy as a right to “protect[ion] from governmental intrusion.”
Can you imagine that the government passed a law which decreed you could not have sex in some particular position? The question that immediately jumps out at you is HOW can they enforce such a law? Would government then have the right to witness a private sexual act in your home to grant approval or not? You can easily see that is the problem. Yet in Switzerland, they have some strange laws. A man cannot urinate standing up after 10 PM because he might make noise that disturbs a neighbor. This is an example of intrusive government.
The Right to Privacy is critical. The government violates that law every single day. Congress can enact any law it desires even one that said every person must kill their first born male son. The burden then falls to the citizen to argue in court that the law is unconstitutional. The French system requires the court to rule BEFORE the enforcement of any act. The American system is tyranny for only if a person has enough money to defend themselves can they uphold the Constitution. This is a terrible legal system that denies Equal Protection of the Law for it obviously discriminates according to class.
Facebook and others can take all your private data and sell it for a profit. They will also turn it over the government. Therein is a serious conflict of interest. The Right to Privacy should be restored and forcing people to surrender that right to be part of the digital era is outrageous coercion. It is long beyond the time that we actually apply the Constitution as a NEGATIVE restraint upon government as it was intended. We have no LIBERTY until that is restored.
As CTH has continued to remind, on the issue of confronting China’s trade practices, President Trump will not back down:
WHITE HOUSE – Following a thorough investigation under section 301 of the Trade Act of 1974, the United States Trade Representative (USTR) determined that China has repeatedly engaged in practices to unfairly obtain Americas intellectual property. The practices detailed in the USTRs investigation have caused concern around the world. Chinas illicit trade practices ignored for years by Washington have destroyed thousands of American factories and millions of American jobs. On April 3, 2018, the USTR announced approximately $50 billion in proposed tariffs on imports from China as an initial means to obtain the elimination of policies and practices identified in the investigation.
Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers. In light of Chinas unfair retaliation, I have instructed the USTRto consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs. I have also instructed the Secretary of Agriculture, with the support of other members of my Cabinet, to use his broad authority to implement a plan to protect our farmers and agricultural interests.
Notwithstanding these actions, the United States is still prepared to have discussions in further support of our commitment to achieving free, fair, and reciprocal trade and to protect the technology and intellectual property of American companies and American people. Trade barriers must be taken down to enhance economic growth in America and around the world. I am committed to enabling American companies and workers to compete on a level playing field around the world, and I will never allow unfair trade practices to undermine American interests. (read more)
President Trump will not back down from his position; the U.S. holds all of the leverage and the issue must be addressed. President Trump has waiting three decades for this moment. This President and his team are entirely prepared for this.
We are finally confronting the geopolitical Red Dragon, China!
The Olive branch and arrows denote the power of peace and war. The symbol in any figure’s right hand has more significance than one in its left hand. Also important is the direction faced by the symbols central figure. The emphasis on the eagles stare signifies the preferred disposition. An eagle holding an arrow also symbolizes the war for freedom, and its use is commonly referred to the liberation fight of righteous people from abusive influence. The eagle on the original seal created for the Office of the President showed the gaze upon the arrows.
The Eagle and the Arrow – An Aesop’s Fable
An Eagle was soaring through the air. Suddenly it heard the whizz of an Arrow, and felt the dart pierce its breast. Slowly it fluttered down to earth. Its lifeblood pouring out. Looking at the Arrow with which it had been shot, the Eagle realized that the deadly shaft had been feathered with one of its own plumes.
Moral:We often give our enemies the means for our own destruction.
Yesterday U.S. Trade Represenative Robert Lighthizer and Mexico’s Minister Ildefonso Guajardo met in Washington DC for a bilateral discussion. Likely one of the key avenues for Lighthizer to explore surrounded the upcoming election of a hardline Marxist in Mexico and how Guajardo views the impact to Mexican policy therein.
At this point it’s virtually guaranteed that Andres Manuel Lopez Obrador will win the election – I would VERY strongly bet on that outcome (likelihood 85%). That puts a Hugo Chavez type ideologue, and the attached economic policies, at our southern border. [Pro-Tip: prepare your business affairs accordingly now, and avoid the chaos later]
Canadian Foreign Minister Chrystia Freeland arrived in Washington DC today to join Lighthizer and Guajardo and expand the informal discussion toward a trilateral trade discussion.
Thankfully Lighthizer is on his home turf because he’s now surrounded by left-wing globalist advocates from Mexico, Canada and the U.S. Chamber of Commerce via Tom Donohue.
There was some media talk, and a hint from Trump’s NEC Chairman Larry Kudlow yesterday, about the U.S. strongly wanting to have an agreement on principle utilizing the cornerstone of the Auto-Sector as a building block.
However, I cannot caution strongly enough that NEC Chairman Larry Kudlow is in love with NAFTA and POTUS Trump is not. So filter Kudlow’s optimistic glee against his trade worship with NAFTA.
Larry Kudlow and U.S. Chamber of Commerce President Tom Donohue are BFF’s on NAFTA, and will extort maximum pressure on President Trump from congressional allies in that regard.
Do not be surprised to see Mitch McConnell, Paul Ryan and the entire Decepticon wing of the GOPe go nuclear against Trump in the near future; while Kudlow works quietly to assist the objective. Tom Donohue has hundreds of “billions” to pass out in golden annuity parachutes for any congressperson who will destroy themselves during a suicidal charge against the Trump administration.
If they stick to their historic approach (and there’s no reason to see them changing it) U.S. CoC President Donohue will coordinate the attacks, but stay behind the curtain. This is an issue where the Republican apparatus will willingly give up massive seats in House and Senate mid-term races to retain their access to the U.S. CoC checkbook.
Within Washington DC nothing is more important than money and several hundred million for a congressional reps family makes it easy to walk away.
The only voices on the other side of this confrontation are President Trump, Wilbur Ross, Steven Mnuchin and Peter Navarro. Everyone else inside and outside the administration, along with Wall Street, the swamp (writ large), CONservative media, Fox News and K-Street, is essentially against them and supporting open-ended global trade with China and fully exploitative NAFTA.
From the timing of the meeting yesterday it was likely U.S.T.R. Lighthizer was testing to see if he could leverage the predictable Mexican election outcome into a renewed sense of urgency amid more reasonable business voices in Mexico…. no-one knows the outcome, but I doubt his success.
Globalists and multinational interests would rather have a Marxist in office in Mexico than run the risk of trade markets outside their control. There are trillions at stake.
It was noted –and reported– yesterday, that House Intelligence Committee Chairman Devin Nunes sent a letter (full pdf below) to FBI Director Christopher Wray and Asst. Attorney General Rod Rosenstein demanding un-redacted FBI origination documents surrounding the beginning of the July 2016 counterintelligence operation against candidate Donald Trump, and the FISA application stemming from that investigation.
The issues surrounding the declassification of the FISA application and subsequent FISA warrant against Carter Page are not new. The new aspect within the Nunes demand relates to a request for the intelligence community “electronic communication” (EC) that kicked off the initial FBI counterintelligence op. Within that new line of inquiry the subject of interest is ultimately former CIA Director John Brennan.
However, there are issues here; serious issues, and likely only those who are deep in the weeds of this entire dynamic are going to understand. There are VERY valid reasons why the FBI (Wray) and DOJ (Rosenstein) would push back against HPSCI Chairman Devin Nunes. It’s complicated, and we’ll try to unpack.
Begin by noting on page two of the Nunes request, Paragraph #3, something that all media writing about the Nunes demand seem to overlook. Screengrab below:
Chariman Nunes takes exception to the origination documents being redacted for his committee review while noting that “multiple members of other committees have been the beneficiaries of such access”, this is a key aspect that outlines the motive for the FBI and DOJ to proceed cautiously with the HPSCI.
From earlier research and congressional letters we know House Judiciary Chairman Bob Goodlatte, holding direct statutory oversight over the DOJ, is working closely with DOJ Inspector General Michael Horowitz. It almost a certainty the committee Nunes is referring to that has been allowed access is Goodlatte’s Judiciary Committee. However, the DOJ/FBI are reluctant to share the same information with Nunes HPSCI committee.
Remember, at the instruction and authority of Attorney General Jeff Sessions, Inspector General Michael Horowitz and Federal Prosecutor John Huber are investigating the DOJ (National Security Division) and FBI (counterintelligence unit: Priestap/Strzok) in their conduct toward the FISA court; and the potential for unlawful abuse of the process therein. As such, the FISA material is now much more than a controversial political matter, it is in the purview of an ongoing criminal investigation (Huber).
Secondly, and perhaps more importantly – yet more challenging to understand, the origination documents [“electronic communication” (EC)] surround another important aspect that directly relates to CIA Director John Brennan and his earlier testimony to congress about the origination of the FBI’s Counterintelligence Operation against Trump.
Most media and pundits discussing this issue have likely forgotten how John Brennan explained his role on May 23rd, 2017. THIS IS CRITICAL.
On March 20th, 2017, FBI Director James Comey stated he did not inform congressional oversight about the FBI counterintelligence operation against Trump, that began in July 2016, at the recommendation of his counterintelligence division head Bill Priestap, and due to “the sensitivity of the matter”. {GO DEEP}
Two months later, May 23rd, 2017, former CIA Director John Brennan testified in his opening statement to congress that, in addition to providing intelligence to the FBI, he personally informed the “Congressional Gang of Eight” of the underlying raw intelligence.
Pay very close attention to the segment at 13:35 of this video of Brennan’s testimony:
Brennan: [13:35] “Third, through the so-called Gang-of-Eight process we kept congress apprised of these issues as we identified them.”
“Again, in consultation with the White House, I PERSONALLY briefed the full details of our understanding of Russian attempts to interfere in the election to congressional leadership; specifically: Senators Harry Reid, Mitch McConnell, Dianne Feinstein and Richard Burr; and to representatives Paul Ryan, Nancy Pelosi, Devin Nunes and Adam Schiff between 11th August and 6th September [2016], I provided the same briefing to each of the gang of eight members.”
“Given the highly sensitive nature of what was an active counter-intelligence case [that means the FBI], involving an ongoing Russian effort, to interfere in our presidential election, the full details of what we knew at the time were shared only with those members of congress; each of whom was accompanied by one senior staff member.”…
In essence John Brennan told congress he informed: Paul Ryan, Nancy Pelosi, Devin Nunes, Adam Schiff, Mitch McConnell, Harry Reid, Dianne Feinstein and Richard Burr of the same intelligence information he delivered to FBI Director James Comey and ODNI James Clapper. According to his testimony those briefings were between the 11th of August and 6th of September 2016.
So Devin Nunes is asking for the “electronic communication” (EC) documents that initiated the July 2016 FBI counterintelligence operation, while seemingly having been briefed by CIA Director John Brennan on the substance of the material in Aug/Sept 2016?
And the FBI/DOJ are reluctant to share with the HPSCI (Nunes) the same information they are willing to share with the House Judiciary (Goodlatte).
Why would that be?
Simple answer, the HPSCI is compromised.
Remember, ranking member Adam Schiff and Representative Eric Swalwell are also targets of ongoing FBI leak investigations; and notably (with that self-interest in mind) they have been working to undermine -and politicize- the outcomes of the Inspector General Horowitz investigation.
Additionally, the HPSCI is where the Awan Brothers scandal (investigation and indictments) comes into play and the Democrats on the HPSCI committee who waived the background checks for their use as IT support staff.
There are very good reasons for the FBI and DOJ to keep potentially devastating criminal evidence away from the HPSCI until Huber is prepared to use it. The HPSCI membership is inherently tied up in multiple facets of the soft-coup plot and supportive ideology within the conspiracy against candidate Trump, and later President-elect and President Donald Trump.
Lastly, and importantly, remember the Chief Legal Counsel for the FBI is now Dana Boente. If you stand back and remind yourself where within the FBI and DOJ the small group was operating, you go directly to the DOJ National Security Division.
We know from the recent text messages of Strzok/Page and from the critical last days of the Obama administration’s action they viewed Dana Boente as a threat with President-elect Trump taking office. After the top-tier of the corrupt DOJ-NSD officials were removed, Dana Boente became the head of the DOJ-NSD and subsequently IG Horowitz was granted full oversight authority (previously denied by Sally Yates).
So Dana Boente, a perceived risk from the Obama “small group” perspective, goes into the DOJ-NSD as the rats run out… Boente grants IG oversight access… and then remains inside the division for a year prior to exit and going into the FBI as Chief Legal Counsel (replacing corrupt James Baker). There’s no better authority with inside information into the heart of the conspiracy group effort than the current chief legal counsel of the FBI, Dana Boente.
That’s why the investigative White Hats are going to keep the HPSCI at a distance.
Today President Trump is traveling to White Sulphur Springs, West Virginia, to deliver remarks at a tax reform meeting and roundtable. The President is anticipated to deliver remarks to the audience at approximately 2:25pm EST:
COMMENT: Your 4-2-18 FEDERAL RESERVE VS CONGRESS Blog should be framed & sent to every talk show host and politician in the country. It really puts everything in perspective.
SC
REPLY: What I find most astonishing is that to write that article, all you have to do is a little investigation. Nobody bothers to question anything. That is the most shocking thing I have encountered. So often I get responses like how come I am the only one saying this? Some people think this is just sophistry or made up. I cannot explain why investigative journalists never dare to actually investigate. All I can assume is that some have tried, but their editors will not allow such articles to be published. It is truly mind-numbing.
Contemporary journalism back in 1913 called it a monetary change from a national currency system to a national credit system. There were cartoons and well as criticism of the new central bank. The entire theory of elastic money was talked about. Today, the vast majority remain ignorant of the entire debate of that era.
It is no wonder why people just read the Creature from Jekyll Island and assumed evil lurks behind the scenes. They focus on the Fed is “owned” by the banks and merge that with elastic money and have no idea that the ownership was because the taxpayer was not going to fund a bank bailout so the banks had to put up their own money to create the Fed and pay into it to support the system. The elastic money supply was in use since the 1850s and the Fed would buy ONLY corporate paper when banks were not lending to preserve the economy and prevent corporations from laying off workers. The corporate paper is secured and is retired. The structure was changed with World War I when Congress instructed the Fed to then buy ONLY government paper. Temporary solutions always become permanent and thus the Fed today is nothing close to the original design.
Alan Dershowitz and Joe diGenova appear on Sean Hannity TV show to discuss the latest revelations in the Robert Mueller ‘Muh Russia’ collusion investigation.
Against yesterday’s backdrop discovery of the secret instructions from Asst. Attorney General Rod Rosenstein to Special Counsel Robert Mueller, Joe diGenova goes full wolverine.
QUESTION: Martin, in today’s answer re: Asset Allocation you had mentioned of helping a couple of large funds prepare for what is to come.Was wondering if we regular folks will also be privy to this info at some point and also will we get a heads up when things are getting closer to the Big Event.In an earlier blog you had mentioned something about 2022, will that be a critical time for our savings/economy?
Thank you always for your work.
W
ANSWER: The difficulty in turning around major portfolios is substantially different from a private individual. Often these major portfolios are dominated by real estate and government bond positions in the hundreds of billions of dollars. How to strategically shift such portfolios is highly complicated and it cannot be done on a single phone call. The complexity is significant and the general advice on here is not opposite of recommendations to institutions. How to execute such shifts and when is critical timing.
I have stated many times that you can turn a speedboat on a dime. That is not the case with an aircraft carrier. This is the same difference between a private portfolio and a major institution. They just cannot pick up the phone and yell sell everything at the market! This is substantially a different position altogether.
The advice we provide for a major portfolio shift has to be tailored to the asset allocation mix. We must run timing models on each and every component for selling one aspect can have an adverse impact on other assets classes. It is by no means a simple project.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 