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0579 - Designators

The year opens with more to do, and more to worry about, than ever before. The TV is still crammed with terrible pictures of that monster tsunami off Indonesia. As Readers know, Anguilla is notably flat, and even heavy rains have been known to flood low-lying parts. Here, you can’t run to the mountains, because there aren’t any. Yet, a soothing scientist, making a penny being interviewed (there can’t be a good living in being a tsunami expert, can there?), this expert said that Caribbean tsunamis aren’t a big threat. So we can relax and worry about the fate of the dollar, which seems to be crumbling, largely due to the U.S. Government deficit, not to mention the enormous trade deficit, and the current threats to add a few trillion dollars in aid of a Social Security makeover. Our Revered Investment Guru doesn’t think much of the idea of workers depending either on their own investment smarts, or on the tender mercies of what are called “Money Runners”, a term that reminds one, quite properly, of piracy.


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