Comments on: The Clapper http://www.ritholtz.com/blog/2008/12/the-clapper/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 12:43:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: philipat http://www.ritholtz.com/blog/2008/12/the-clapper/comment-page-1/#comment-133094 philipat Sat, 13 Dec 2008 03:08:07 +0000 http://www.ritholtz.com/blog/?p=12560#comment-133094 Grego 658 says: "imo they just needed to catch technology or fall forever behind the eightball" Never underestimate the Chinese. They have all technologies courtesy of global Companies manufacturing there. They will copy this and move forward. You don't need to teach the Chinese how to do business. Remember Japan, circa 1950? You underestimate China's potential at your peril. Grego 658 says: “imo they just needed to catch technology or fall forever behind the eightball”

Never underestimate the Chinese. They have all technologies courtesy of global Companies manufacturing there. They will copy this and move forward. You don’t need to teach the Chinese how to do business.
Remember Japan, circa 1950? You underestimate China’s potential at your peril.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2008/12/the-clapper/comment-page-1/#comment-132969 Mark E Hoffer Fri, 12 Dec 2008 20:30:59 +0000 http://www.ritholtz.com/blog/?p=12560#comment-132969 Mannwich, Actually, I don't know (Why Country A would have a unilateral advantage over Country B, by mere dint of having a CB..). It's why I am asking you, the one that was, further, espousing it. to recap: seriously, regurgitating, someone else’s answer, without understanding it, is no way to go through life.. you go w/ : “especially if other first world countries keep their Central Banks intact.” fine, I’m asking, as I did above, why would that be? who cares if Country B has a CB? what good does it do them? Remember, what they'll tell you at the 'Bank': to avoid NSF charges, don't write'm iffin ya can't ****'m. http://www.thefreedictionary.com/dint http://www.thefreedictionary.com/espouse as an aside, I was looking up 'Insufferable', and found this: Mannwich Says: December 12th, 2008 at 10:34 am But we already know from our libertarian friends that if these virtuous geniuses were only allowed to operate in a true “free market” environment without the meddling of those pesky government regulators, they, and by extension, we, would all be sitting in a big circle, holding hands, playing hacky-sack, and singing “Kumbaya” together. It would be peace, love and frisbees (add in a pony too) for all. The End. and, really, you're slinging 'know it all' at me? That's Rich, bro.. Mannwich,

Actually, I don’t know (Why Country A would have a unilateral advantage over Country B, by mere dint of having a CB..). It’s why I am asking you, the one that was, further, espousing it.

to recap:

seriously, regurgitating, someone else’s answer, without understanding it, is no way to go through life..

you go w/ : “especially if other first world countries keep their Central Banks intact.”

fine, I’m asking, as I did above, why would that be? who cares if Country B has a CB? what good does it do them?

Remember, what they’ll tell you at the ‘Bank’: to avoid NSF charges, don’t write’m iffin ya can’t ****’m.

http://www.thefreedictionary.com/dint
http://www.thefreedictionary.com/espouse

as an aside, I was looking up ‘Insufferable’, and found this:

Mannwich Says:

December 12th, 2008 at 10:34 am
But we already know from our libertarian friends that if these virtuous geniuses were only allowed to operate in a true “free market” environment without the meddling of those pesky government regulators, they, and by extension, we, would all be sitting in a big circle, holding hands, playing hacky-sack, and singing “Kumbaya” together. It would be peace, love and frisbees (add in a pony too) for all.

The End.

and, really, you’re slinging ‘know it all’ at me? That’s Rich, bro..

]]> By: Mannwich http://www.ritholtz.com/blog/2008/12/the-clapper/comment-page-1/#comment-132815 Mannwich Fri, 12 Dec 2008 15:18:15 +0000 http://www.ritholtz.com/blog/?p=12560#comment-132815 @Hoffer: If I agree with someone, I will say so. If I don't, I will say so. Your insufferable, "I know all" attitude is tiresome. Please let it go and move on. We can agree to disagree. @Hoffer: If I agree with someone, I will say so. If I don’t, I will say so. Your insufferable, “I know all” attitude is tiresome. Please let it go and move on. We can agree to disagree.

]]> By: danm http://www.ritholtz.com/blog/2008/12/the-clapper/comment-page-1/#comment-132782 danm Fri, 12 Dec 2008 13:49:00 +0000 http://www.ritholtz.com/blog/?p=12560#comment-132782 but by the time you guys are done finishing your next “work” there will be x-fold more millionaires who are making money in the financial markets that will be asking you, “if you’re so smart, why ain’t you rich?” ---- In any environment, good or bad, there will always be people making a bundle. I'm intelligent enough to know I won't be one of them because it is not important to me. Yes, if a few billions fell on my lap, I would sure keep them but my goal in life is not outdoing Bill Gates net worth. I'm an analyst and I'm always going to be an analyst. Intelligence is not the most important variable for building wealth. I'd say that above everything else, industry, perseverance and networking are way more important than intelligence. Wake up and smell the coffee, you need to understand what makes different people tick. And it's not all about money. And I can't tell you how many people told me exactly that:" if you're so smart...". And you know what? I have way more than them today! And about growth... yes it was about gorwth well before the first barrel of oil,l was found. Oil made this growth exponential. Not sure it can last. Watch all of this befroe you start arguing: http://www.chrismartenson.com/crashcourse but by the time you guys are done finishing your next “work” there will be x-fold more millionaires who are making money in the financial markets that will be asking you, “if you’re so smart, why ain’t you rich?”
—-
In any environment, good or bad, there will always be people making a bundle. I’m intelligent enough to know I won’t be one of them because it is not important to me. Yes, if a few billions fell on my lap, I would sure keep them but my goal in life is not outdoing Bill Gates net worth. I’m an analyst and I’m always going to be an analyst. Intelligence is not the most important variable for building wealth. I’d say that above everything else, industry, perseverance and networking are way more important than intelligence. Wake up and smell the coffee, you need to understand what makes different people tick. And it’s not all about money.

And I can’t tell you how many people told me exactly that:” if you’re so smart…”. And you know what? I have way more than them today!

And about growth… yes it was about gorwth well before the first barrel of oil,l was found. Oil made this growth exponential. Not sure it can last. Watch all of this befroe you start arguing:
http://www.chrismartenson.com/crashcourse

]]> By: Greg0658 http://www.ritholtz.com/blog/2008/12/the-clapper/comment-page-1/#comment-132781 Greg0658 Fri, 12 Dec 2008 13:39:48 +0000 http://www.ritholtz.com/blog/?p=12560#comment-132781 philipat Says: 'Isn’t it ironic that China (Nominally communist) is now the most capitalist economy on earth. In response to the slowdown in exports and reduce production capacity, factories close.' imo they just needed to catch technology or fall forever behind the eightball philipat Says: ‘Isn’t it ironic that China (Nominally communist) is now the most capitalist economy on earth. In response to the slowdown in exports and reduce production capacity, factories close.’

imo they just needed to catch technology or fall forever behind the eightball

]]> By: DownSouth http://www.ritholtz.com/blog/2008/12/the-clapper/comment-page-1/#comment-132751 DownSouth Fri, 12 Dec 2008 10:57:15 +0000 http://www.ritholtz.com/blog/?p=12560#comment-132751 What is slowly sinking in to most Americans is the apalling double standard at play, for the Clapper only works for bankers and financiers. For everybody else, it's going to be a hard candy Christmas. The death grip that bankers and financiers have on government must be broken. What is slowly sinking in to most Americans is the apalling double standard at play, for the Clapper only works for bankers and financiers.

For everybody else, it’s going to be a hard candy Christmas.

The death grip that bankers and financiers have on government must be broken.

]]> By: TrickStar http://www.ritholtz.com/blog/2008/12/the-clapper/comment-page-1/#comment-132746 TrickStar Fri, 12 Dec 2008 06:55:40 +0000 http://www.ritholtz.com/blog/?p=12560#comment-132746 jakester - i think i like what your saying, but don't get it completely. jakester – i think i like what your saying, but don’t get it completely.

]]> By: TrickStar http://www.ritholtz.com/blog/2008/12/the-clapper/comment-page-1/#comment-132745 TrickStar Fri, 12 Dec 2008 06:51:40 +0000 http://www.ritholtz.com/blog/?p=12560#comment-132745 @danm and downsouth - of course our system is based on growth. hello. it's not because of oil, duh. it's because of human beings making the most of what they have. read, or re-read guns, germs and steel and this won't be such a mystery. (t0 the people of papua new guinea (who aren't listening) , don't bother paying attention) , ignore us. quoting thomas hobbes is fine and dandy at the coffeehaus of life's misanthrophic folk (or second year philosophy majors), but by the time you guys are done finishing your next "work" there will be x-fold more millionaires who are making money in the financial markets that will be asking you, "if you're so smart, why ain't you rich?" @danm and downsouth – of course our system is based on growth. hello. it’s not because of oil, duh. it’s because of human beings making the most of what they have. read, or re-read guns, germs and steel and this won’t be such a mystery. (t0 the people of papua new guinea (who aren’t listening) , don’t bother paying attention) , ignore us. quoting thomas hobbes is fine and dandy at the coffeehaus of life’s misanthrophic folk (or second year philosophy majors), but by the time you guys are done finishing your next “work” there will be x-fold more millionaires who are making money in the financial markets that will be asking you, “if you’re so smart, why ain’t you rich?”

]]> By: philipat http://www.ritholtz.com/blog/2008/12/the-clapper/comment-page-1/#comment-132744 philipat Fri, 12 Dec 2008 06:26:42 +0000 http://www.ritholtz.com/blog/?p=12560#comment-132744 Interesting Nikkei move down 5%, mainly Japanese automakers on the US automekers bailout failure news. Am I missing something or shouldn't this be positive for Honda and Toyota, who know how to make cars? Nothing seems to make much sense anymore. Until it does, then all hell breaks loose. Interesting Nikkei move down 5%, mainly Japanese automakers on the US automekers bailout failure news. Am I missing something or shouldn’t this be positive for Honda and Toyota, who know how to make cars? Nothing seems to make much sense anymore. Until it does, then all hell breaks loose.

]]> By: jakester1 http://www.ritholtz.com/blog/2008/12/the-clapper/comment-page-1/#comment-132742 jakester1 Fri, 12 Dec 2008 05:57:32 +0000 http://www.ritholtz.com/blog/?p=12560#comment-132742 as I noted 2 weeks ago to stay short until this Friday. We are witnessing a mini-panic of sorts right on the much anticipated cycle turn date so the selling should not be any surprise here. the action in $/JPY shows this clearly. As a result, I have covered all SP from September 3rd in the 830s tonight and will be reversing to turbo long March SP by 11:30EST when the climax of the turn begins. Now for the fun part, any traders with a half decent set of balls should stay max long right up until 7/14/09. I highly doubt few can do it but that's what I plan on. "Seasoned traders make as few trades as possible to catch the majority of the wave while novices constantly gamble day in and day out while failing miserably in the long run." as I noted 2 weeks ago to stay short until this Friday. We are witnessing a mini-panic of sorts right on the much anticipated cycle turn date so the selling should not be any surprise here. the action in $/JPY shows this clearly. As a result, I have covered all SP from September 3rd in the 830s tonight and will be reversing to turbo long March SP by 11:30EST when the climax of the turn begins. Now for the fun part, any traders with a half decent set of balls should stay max long right up until 7/14/09. I highly doubt few can do it but that’s what I plan on.

“Seasoned traders make as few trades as possible to catch the majority of the wave while novices constantly gamble day in and day out while failing miserably in the long run.”

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