April 06, 2011
To call the political blogosphere a wasteland would be an insult to vast, empty tracts of land -- at least the tracts of land might someday prove useful, unlike say, Hot Air.
Wealth preservation portfolio since inception (QE2 start) -- up about 27%. This, by the way, is roughly the true rate of inflation -- over 50% annualized! Silver -- up an astounding 59%. Blended stock market -- up about 11%. So, barring complete lunacy, any hedged strategy would be up very nicely. If someone (cough) had hedged somewhat intelligently with puts, they'd be up about 20%. How's my ass taste, political hacks?
Just read Zero Hedge. Sure, it's sensationalist. But for the intelligent reader (in other words -- no one in the political blogosphere), there's more valuable content on that one site in one day than there is on all the political sites combined in a year.
I might update again in another 3 months or so, assuming I can take a brief break from laughing at the fucktards who take the political circus seriously. Hasta la vista -- baby.
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