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The BIG SHORT - 2.0 The BIG SHORT - 2.0 Michael Burry, a Scion Capital hedge fund manager, bet against the housing market ○ He bet against (ie shorted) securitized sub-prime mortgages ○ What happened when sub-prime mortgages started to collapse? ○ Did his bet pay off? Not initially. Why? ○ The banks did not “mark-to-market” (they didn’t correspondingly update the valuations of these securities). ○ What happened as a result? ■ Burry’s “fortitude was tested” as he continued to have to pay to maintain his “”short” position. ○ Meanwhile, banks were repositioning themselves, before the “SHTF”. So, flash forward, today: Who might be repositioning themselves? Let’s see: ● http://www.mining.com/web/central-bank-gold-buying-undermining-dollar/ ● https://www.businessinsider.com/central-banks-buy-gold-at-rate-not-seen-since-wwii-2019-2 ● https://www.businessinsider.com/gold-china-buying-spree-continues-as-central-banks-boost-demand-2019-4 ● https://www.cnbc.com/2019/01/31/world-gold-council-central-banks-buy-most-gold-since-1967-.html ● https://thedailycoin.org/2018/12/26/russian-central-bank-buying-gold-on-the-international-market/ Meanwhile, banks continue to give assurances, that “things are fairly healthy”, in spite hedging with cautionaries: ● https://www.marketwatch.com/story/5-things-jpmorgan-ceo-jamie-dimon-just-told-investors-and-the-american-public-2019-04-04 Gee, what other analogies might we make…? Perhaps instead of arguing Wits 1.0, 2.0, Rocks, Who-did-What, Liar-Liar-Pants-on-Fire, Who was right/wrong, etc, while caught up in “what’s in their shorts”, ● Many participants on CEO need to be told, ENOUGH! (R 4, iv) I’d also wager, the BIG SHORT 2.0/HEDGE would better serve for engagement in discussion, not what’s in their drawers. The Heavy hints have been served up, with regard the forces at work, don’t get yourself tangled in the ridiculous comedy on CEO, unless of course it saves you some coin instead of a Netflix subscription, so you can allocate more funds for your Hedge. The BIG SHORT - 2.0 For those posters who have served up some serious content and observation, Many Thanks for the Candy. ... Whether your investment theme rhymes with the work of Carly Simon, or Janet Jackson … , to each their own investment strategy. There are larger forces in play on a greater map, for which to be concerned. …. The more I’ve read, the more I realize the extent of facts not tracked and often misrepresented. While there are still gaps in the “nuggets” I’ve collected, -the assemblage of information, has made it easier for me to discern, “the ships on the horizon”, or as others have said, the “3Ds”. I look forward to any intelligent transfer of facts and data, and am for the flow of information, particularly to fill in the gaps. No time for nonsense. "H" "H" wanna-bees need not reply (the real deal always welcome). Good Luck with your Hedge. http://media.mlive.com/news_impact/photo/denis-sullivan-tall-ship-on-the-horizonjpg-affa348ea7f1727c.jpg .
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