Both are correct to a point and to include the
syntax in the curve so to say one I have a hard time telling the Principal about is ELM
and why a pipeline is not needed as some envision for political economy discussions, and yes to date we know this and put our money in it
as a light switch position
of base acount. Export Land Model (ELM) assumes exponential production declines and internal consumption resulting in zero exports at the crossing point As noted this has been
considered by some for a very long time and guess what we went into? Some into PBA and some distributive services also. The FED knows this also going forward so no skin off my back for now. Basically some are spreading the base
of the curve and we forwarded
on some breakdown on the dome
of some positions also. This we touched on this H on your triangle note early in the month. I reviewed the chart
and we are smack in the middle
of the curve so I do feel better for a second only, but moved out
of UPL as noted before.
Sums it up for us bluntly what we have been poking at for some time also so I am not even going to refocus our discussions on segments
we all noted also Sep 07, 2012
http://www.zerohedge.com/news/2012-09-2 ... s-clothing
August third is when we knew and not much later we noted the mouth was closing also. The above posting chart is a
good confirmation on what we seen and it appears the move.
The government will meet its obligations by handing out brand-new printed dollars, with declining purchasing power, and the old folks will have to depend on what support they can beg from their tax-ridden children. Men live by production, but the State lives by appropriation. While the haves and the have-nots struggle over the division
of existing wealth, it is the business
of the State to improve itself at the expense
of both; it picks up the marbles while the boys are fighting. That has been the story
of men in organized society since the beginning.
http://www.jpmorgan.com/cm/BlobServer?b ... MungoBlobs