有一说:非常没有钱的男人怎么可能有气质?记得中国历史上有一文学家刘禹锡写过一篇《陋室铭》：山不在高，有仙則名。水不在深，有龍則靈。斯是陋室，惟吾德馨。苔痕上皆綠
，草色入簾青。談笑有鴻儒，往來無白丁。可以調素琴，閱金經。無絲竹之亂耳，無
案牘之勞形。南陽諸葛廬，西蜀子雲亭。孔子云：「何陋之有？」气质和财富，没有必然的关系。气质一定[阅读全文]
天下纵横
随笔而已。不必当真。
博文
(2009-12-23 10:21:37)
(2009-12-22 20:50:25)
(天下无马)
Modernbankingsystemisafractionalreservesystem.Thatforeveryone-dollardeposit,bankswilllendout9dollars.Yousee,debts(orloans)arethemoneytobankers.Oncetheyreceiveone-dollardeposit.Theycanturnaroundtoborrow9dollarfromprimarybankatlowerinterestratethenlendoutathigherinterestratetomakeafewbucksinratedifferences.Therefore,loansaremoneytothebankers.Theywanttolendasmuchasbankingreserveguideli...[阅读全文]
Modernbankingsystemisafractionalreservesystem.Thatforeveryone-dollardeposit,bankswilllendout9dollars.Yousee,debts(orloans)arethemoneytobankers.Oncetheyreceiveone-dollardeposit.Theycanturnaroundtoborrow9dollarfromprimarybankatlowerinterestratethenlendoutathigherinterestratetomakeafewbucksinratedifferences.Therefore,loansaremoneytothebankers.Theywanttolendasmuchasbankingreserveguideli...[阅读全文]
(2009-12-21 08:04:33)
(天下无马)
Some“guru”inWXCpromotedanotionthatbecauseUSDisareservecurruncy,becauseUSDhasalargepercentageinEuroDollarcirculation,thatUScanprintatitswishtocauseinflationinothercoutrywithoutsameoccursintheUS.
Boy,whatalittlemindthatdoesnotevenunderstandhowfinancialworldworks.Theassumptionofthatconclusionisthatothercountriesaredumb,thatothergovernmentsareincapable.Well,he(she)nevertravelledto...[阅读全文]
Some“guru”inWXCpromotedanotionthatbecauseUSDisareservecurruncy,becauseUSDhasalargepercentageinEuroDollarcirculation,thatUScanprintatitswishtocauseinflationinothercoutrywithoutsameoccursintheUS.
Boy,whatalittlemindthatdoesnotevenunderstandhowfinancialworldworks.Theassumptionofthatconclusionisthatothercountriesaredumb,thatothergovernmentsareincapable.Well,he(she)nevertravelledto...[阅读全文]
(2009-10-04 19:29:36)
TheLegoEconomyofAmericaandhowtofixit
Itisnosecretthatoureconomyisindeepwater,despiteWallStreetJournalandBernanke’sclaimingoftherecovery.Californiaisacondensedversionofstates.Withstateisonbrinkofbankruptcy,itpaysgovernmentworkersIOUsinsteadofcash.ComparingthedebtsanddeficitsofCaliforniawiththeUS,onehastowonderwhatisnextforthecountry!
Oureconomy,ifnotinterferedbymonetarypolicy,isjustaregula...[阅读全文]
Itisnosecretthatoureconomyisindeepwater,despiteWallStreetJournalandBernanke’sclaimingoftherecovery.Californiaisacondensedversionofstates.Withstateisonbrinkofbankruptcy,itpaysgovernmentworkersIOUsinsteadofcash.ComparingthedebtsanddeficitsofCaliforniawiththeUS,onehastowonderwhatisnextforthecountry!
Oureconomy,ifnotinterferedbymonetarypolicy,isjustaregula...[阅读全文]
(2009-09-25 20:13:01)
Therearemanypeoplethinktheyarethegurusofinvestment,butarethey,thatincludesme.
Theylovetotalkaboutinvesting.Butwhatis"investing"?
InvestingintheFEDarchitectedboomandbustcyclehasdifferentmeaning.Oneisspeculating;theotherisleveraging.
BeinginWXCsomanyyears,Iobservedthatmostpeopleareinoneofthesetwocategories.
Investinginessenceshallreallymeansavings.Yousavetheextraandhopetoaccumulateen...[阅读全文]
Theylovetotalkaboutinvesting.Butwhatis"investing"?
InvestingintheFEDarchitectedboomandbustcyclehasdifferentmeaning.Oneisspeculating;theotherisleveraging.
BeinginWXCsomanyyears,Iobservedthatmostpeopleareinoneofthesetwocategories.
Investinginessenceshallreallymeansavings.Yousavetheextraandhopetoaccumulateen...[阅读全文]
(2009-09-15 15:46:12)
ItisdeclaredbyBenBernankeyesterdaythat“recessionisover”.Wow,whataclaim,whataninjectionofconfidences.Weshallparty,weshallhavetoast,weshallstartspending,andmoreimportantly,weshallstartborrowing!!
Yousee,debtsaremoneytobankers.Iftheyprintmoneyandyoudon’tborrow,wheretheirprofitswillbeonyourinterestpayments?Themilliondollar(thatisnotmuchmoneythosedaysandwillbemuchlessdowntheroad)questionis:Where...[阅读全文]
Yousee,debtsaremoneytobankers.Iftheyprintmoneyandyoudon’tborrow,wheretheirprofitswillbeonyourinterestpayments?Themilliondollar(thatisnotmuchmoneythosedaysandwillbemuchlessdowntheroad)questionis:Where...[阅读全文]
(2009-08-03 19:46:35)
Stockmarkettraditionallyisaplaceforcompaniestoborrowmoneybysellingitsshares.Thefunctionofstockmarkethaslongexpandedbeyondthatbasicfunctions.
Itistoutedasaplaceto"invest".
Itistoutedasa"wealthpot".
Whatitreallyis?
Stockmarketinprincipleisarepresentationofeconomyatlarge.Butitisgraduallosingwhatitisoriginallyintendedfor.Today,inFEDeye,itisabuffertoabsorbtheliquidit...[阅读全文]
Itistoutedasaplaceto"invest".
Itistoutedasa"wealthpot".
Whatitreallyis?
Stockmarketinprincipleisarepresentationofeconomyatlarge.Butitisgraduallosingwhatitisoriginallyintendedfor.Today,inFEDeye,itisabuffertoabsorbtheliquidit...[阅读全文]
(2009-07-16 17:18:36)
论人民币之前景天下无马在全球货币同步贬值下,人民币之前景如何,是一有意思的命题。货币的兴亡，是一国的兴亡。历史证明了这一点：强国无弱币，弱币非强国。如当政者连这也不懂，国家的远景就堪忧了。当人民币和美元的汇率挂钩，人民币就成了美元的附属货币。美元的操纵就必然导致人民币的兴亡。哥伦比亚的教授蒙代尔曾经指出：在国家的货币自主权，物价稳定和[阅读全文]
(2009-05-13 20:09:45)
CanfoodshortagehappeninAmerica?Thissoundslikeanabsurdquestion.Withsomucharableland,itwouldneverhappenintheUS.Thetruthis,itmayverywellhappeninAmerica.Inreallife,shortagemaynotalwayshappenduetogreaterdemand.Thefundamentalforagricultureproductsareverysound.Thereisworldwidepopulationgrowthwhilearablelandhasnotbeengrowinsync.ByMathusiantheory,therearethreeeffectivewaytocontrolthepopulation:War,Deceasea...[阅读全文]
(2009-04-30 20:27:48)
Ihaverecentlythoughtaboutit:whyafewofusarebearishwhileallothersarebulls?
Lookingback,Ireflectedthatbearsarethosewelleducated.Mostofusspendsignificanttimetounderstandthehistoryandfinancialsystemalongwithmonetarypolicies.
Oneamazingrecollection,thebearsarethose"haves"insteadof"havenots".Bearsareconsistantlyexamthestrategies.Insteadofspeculatingforquickreturn,bearsaremoreconcernedwithpreservi...[阅读全文]
Lookingback,Ireflectedthatbearsarethosewelleducated.Mostofusspendsignificanttimetounderstandthehistoryandfinancialsystemalongwithmonetarypolicies.
Oneamazingrecollection,thebearsarethose"haves"insteadof"havenots".Bearsareconsistantlyexamthestrategies.Insteadofspeculatingforquickreturn,bearsaremoreconcernedwithpreservi...[阅读全文]
