Is it just me, or did Santa trim his beard a bit? If you think Christmas came a little early this year, maybe you are right. We heard some rumors that Santa was actually borrowing money and filling up his sleigh when he showed up in the neighborhood early this year. Apparently he left some IOU’s in the stockings hung by the chimney with care…enough to widen the US deficit ~$17,500 for every US household..
We did not hear any stories of Santa giving out many presents when his sleigh came around, except for the banks where he unloaded his early collections. Those guys seem very happy this year.
When he visits your house, I hope you have a wonderful experience and get lots of presents. I am not sure he will make it to Doha this year, as they are not willing to put anything into his sleigh over here.
May your:
Leverage be big in the right investments;
Ride be smooth on the back of low interest rates;
Assets surf comfortably along the wave of massive governmental spending;
Investments soar far more than the inflation you experience;
Liabilities shrivel for your genius in borrowing in countries with soaring deficits, profligate politicians and declining currencies
Merry Christmas to all and to all a great 2011!
Leon
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