tag:blogger.com,1999:blog-6630104052002496191.post7925671942763118373..comments2024-02-25T08:33:45.942+00:00Comments on Reality Lenses: Getting ready to short the Bubble Economies: Canada and Australiapejhttp://www.blogger.com/profile/10958133367017526690noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6630104052002496191.post-67873793137505925812010-07-16T22:45:07.330+01:002010-07-16T22:45:07.330+01:00@Marcus: You are right indeed — or actually, half-...@Marcus: You are right indeed — or actually, half-right, for what it's worth: he is not speculating.<br /><br />But I won't say that he's investing. You invest in what you know. He knows his company, the business sector its in, etc. But he's completely ignorant when it comes to economics or markets, or money.<br /><br />In that respect, he's not investing, nor speculating, he's plain and simply gambling.<br /><br />Finally, who said that on the long term, Canadian and Australian economies are going to perform well? The trend is not clear or obvious, worse, it's very much likely inexistent. I'm actually tending to think the exact opposite is true: I'm forecasting a pretty ugly future for these bubble economies — in my opinion.pejhttps://www.blogger.com/profile/10958133367017526690noreply@blogger.comtag:blogger.com,1999:blog-6630104052002496191.post-83368468950710134392010-07-16T19:24:42.281+01:002010-07-16T19:24:42.281+01:00I do think Malone is speculating in the Forex mark...I do think Malone is speculating in the Forex marketplace. Rather, he's buying into a long, likely very long, trend, namely the greater stability of commodities-backed currencies, and the Canadian and Australian economies generally. He may be doing it at a relatively high point, but even if your call of an CAN/AUD correction is correct, the long-term trend is with those currencies and against the hapless euro. Note that it is you who is speculating (trading) - not that there's anything wrong with that.Marcushttp://www.youtube.com/user/MarcusCMarcellusnoreply@blogger.com