We’ve made a point of accountability over the many years we’ve set strategy. We compile and publish a complete, ongoing track record.
In that spirit we must revisit our post of Mar/16 and our warning to clients of possible potent repatriation on the part of panicked Japanese institutions, and, our prediction that US interests would be hit.
We noted that by judging Yen strength that day, they (the Japanese) were doing so already, and with great determination. And we concluded as follows: “Thus, it is not the physical destruction that we fear. That if anything adds to US GDP by the way of US firms involved in reconstruction. It is not a long absence of Japanese demand that we fear, for we have already highlighted the reality of quick resuscitation. No, it is abrupt, short-term retrieval of offshore investments, an emergency fund for the Japanese when needed. Over the near term, US interests will suffer the consequences.”
The last sentence is not accurate. It seems most or all financing will be handled internally. Our job is to offer up calm during chaos. Seems we offered more chaos than calm on this one.
Robert Craven
In that spirit we must revisit our post of Mar/16 and our warning to clients of possible potent repatriation on the part of panicked Japanese institutions, and, our prediction that US interests would be hit.
We noted that by judging Yen strength that day, they (the Japanese) were doing so already, and with great determination. And we concluded as follows: “Thus, it is not the physical destruction that we fear. That if anything adds to US GDP by the way of US firms involved in reconstruction. It is not a long absence of Japanese demand that we fear, for we have already highlighted the reality of quick resuscitation. No, it is abrupt, short-term retrieval of offshore investments, an emergency fund for the Japanese when needed. Over the near term, US interests will suffer the consequences.”
The last sentence is not accurate. It seems most or all financing will be handled internally. Our job is to offer up calm during chaos. Seems we offered more chaos than calm on this one.
Robert Craven
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