The problem with having a home office in the same building as your home is that when the Internet crashes in the apartment it also crashed in the maid’s room/office. Hence we are very late today.
It’s too soon to worry about goblins and ghosties.
Yesterday after work I puzzled over the Wall St. Journal‘s supplement article about how to invest for deflation or inflation, where a bunch of analysts peddled their book.
Actually, it is very easy. If you expect the deflationary slump to continue you protect yourself by buying 10-year T-bonds. And if you fear inflation will take off you buy gold.
The problem is that many shell-shocked investors who will not buy equities are filling their portfolios with both gold and T-bonds. They are thus anticipating some horrendous combination of inflation and deflation, stagflation. And Hallowe’een is still nearly four weeks away.
Because of connection horrors, I will try to be briefer than usual, lest the link crash again. In case you want to know which company is responsible, it’s Time-Warner, which has some sort of monopoly in this building. But there is hot news from Greece, from one of our funds, and from Britain, Canada, The Netherlands and Russia, Colombia, Israel, and Portugal.
