Saturday 11 July 2009

Fridays P&L: GBP 2,000

Fridays booze: 2 bottles of Tinto Pesquera 1994, half a litre of co-ops finest triple distilled vodka, 2 bottles of Stella Artois.

Back down to 2 grand for the day - don't blame me, blame these cocksucker traders that have sucked the volatility out of the market. Maybe they are scared, don't see why the government seems to have given them carte blanche to do whatever they want.

Whats on my mind today? Well apart from the fact that my ex girlfriend who's family is literally worth hundreds of millions of dollars has decided to persecute me for a small loan of USD 75,000 she made to me, all because I have a new girlfriend. I guess what I am wondering about is the exit of GM from bankruptcy protection. The market seems divided over this. The pro-Obama types say that the new lean and mean GM will compete globally. The Republicans say its amazing what you can do with involuntary contributions from tax-payers. I am inclined to agree with the last opinion. GM is a shambles and I wouldn't buy one of their pony automobiles for all the tea in China, no matter how many rap stars drive around in their Escalades. As far as I can see the only people who actually buy GM cars are retirees in Florida and didn't they just shaft all of those when they were under chapter 11. Look for another wave of SCDO defaults as a result of the GM bankruptcy. While we are on the subject Bradford & Bingly triggered credit default swaps by not paying an expecter interest amount. Seeing as they are owned by Her Majesty's Government, well the shit part is, they rather generously gave away any workable assets to Santander for two vouchers for a Grande Latte at Starbucks, doesn't that mean that the UK is technically in default? Surely those wise level-headed people at Moody's and S&P have noticed this.

Thursday 9 July 2009

Todays P&L: GBP 2,750

Todays booze: 3 litres of dry cider, 3 large Vodkas, 1 bottle of Vega Sicillia Unico 1989

Well so much for staying sober, at least I am not back on the Absinthe...yet. I am making a living salary again at last, although you can't really call it that untill you average over £5k per day for at least several months. Why the turn around in my trading fortunes? I am not sure, I assume it has something to do with the fact that I no longer have any faith in capitalism anymore. The US that bastion of capitalism has proven itself to be no better than the previous holder of that title, the UK.

America is allowing its manufacturing heartland to die while it allows the banking sector to openly mock the gowernment by accepting TARPS money and then when the conditions seem a little uncomfortable duck out of it. Meanwhile the Obama sideshow is still wandering around the globe accepting the plaudits for being the first black President. Well done mate, but sooner or later you are going to actually address the problems affecting your nation, which seems in terminal decline.

I should be happy, I have a girlfriend in my life as well as a few ex-girlfriends trying to get back in contact with me. However happiness is not a state I am naturally comfortable with. I am still unwell but I have given up worrying about that. My GP who also happens to be an MP has made it quite clear that his expenses are far more of a concern to him than the health of his patients. If you are a drunk, by the way, don't ever admit it to the quacks. As far as they are concerned, once you admit to being on the grog every illness that you may have is explained by your intake of booze!