Wednesday, December 28, 2011

2012. Things to do before you die

Porn shop © standard & poor

News comments:
Pawnbroking is not regulated by the FSA in the UK.

It is regulated by the tax authorities (HMRC) instead. Given Pawnbroking is the new banking system, surely this is a mistake? The industry probably loves this low level of supervision which explains why it is booming. Many people are asset rich and cash poor and whereas pre 2008 the banks and finance houses were dishing out debt like hay to a horse (Ed: uh?), cash is in short supply because most of it is sitting with the ECB and BoE. 2012 will be an exciting year of failure so opportunities will abound. 

Investing predictions include non Euro cash, the GEO (German Euro), Australia, Norwegian real estate, copper, silver and shorting the S&P as well as Obama.

Today's shorts: 
None as its the festive season.

Today's longs:
Job fest at pawn shop (telegraph)

Premiership footballers to bail out the banks (telegraph)

Thanks to procastinating Eurotechnocrats the Euro may collapse later in Q1 2011. We apologise to those who hang onto our predictions. Hedge Funds had a shocking 2011 and it is clear most of us are losing our touch. Apart from BH and MW and HH.