F. George McDuffee wrote:
On Fri, 5 Feb 2010 21:19:00 -0800, "John R. Carroll"
wrote:
snip a bunch of good stuff

Gunner may have found his niche is the only area of growth in
U.S. economy, the liquidation and salvaging of manufacturing and
other industrial assets as part of the non-cash/informal sector
ala much of the third world.

Unfortunately for him, he can't monetize it.
The velocity, for him, is zero.


It's a 50/50 thing in my
estimation but the odds against don't improve. Doing nothing or
making no descision is really a decision in itself and that seems to
be the path we are on.
Most unfortunately, you appear to be entirely correct in your
analysis.

*ALL* the objective/hard data points this direction as well as
the objective/soft data and financial analysis from people I
trust. My only demur is that it may well be that the ship hits
the rocks at the end of the current quarter [01 April] rather
than drifting for 90 days before sinking.

Ask yourself what you'd pay for shares of either Citi or AIG if you were
forced to put all of your money in either, or both.
Any number higher than zero will land you in the corner wearing a pointy
hat.

--
John R. Carroll