Re: looks like March has come a little early,
posted on
Feb 17, 2009 12:20PM
This is the only thing that scares me about this investment in NOT and the RoF...I am also turning more bearish vis a vis the world economy. Report out of Japan, the world's #2 economy was especially bad with the last quarter down some 3.3% or something of that magnitude for the quarter...not annualized. Once you annualize this it was over 12% YIKES. They already have interest near zero as well and a stimulus package of 52B coming...cannot see it making a big difference there either. They are giving tax payers 133$ each to stimulate the economy...seriously where is anyone in Japan going to go with that little money.
I know we have the goods and the grades are top shelf but if the world does unravel...will anyone care what we have?
Sorry to be so pessimistic today...just a bad day!!
Glorieux