I'm still writing the promised blog entry about the US Coast Guard's manic obsession with our bowel movements.
BUT, today was election day in Brazil. Even though there were no surprises, and Brazil re-elected their president. my 401k took a *massive* shit, as EVERY. SINGLE. international fund lost their shit when the world realized that Brazil isn't going to address the corruption endemic to Brazil, or the fact that it's currently leftist corruption, which costs the same, but doesn't actually create jobs in the process.
Anyhow, my planned retirement age went from 60 to 62 today, which was kind of shitty. I saw it coming, so it's not a surprise. Plus, I figure it'll be about 70 at best, if and I say IF I get to retire. Other shit happens. I'm actually riding this bitch. I'm going long on "Angel" funds to rescue Brazil a La Argentina (where I've been making 12% on angel funds since the last time they defaulted in the 90's.
Seriously, does noone read the 'Investors Daily News?" I'm like 10% behind their leaders because I'm so conservative, but the very worst I've done since 2008 is 10.5% annually. Some years, 10.5% of jack shit isn't too much,but others, it's pretty OK.
Anyhow, Brazil is funny. On the one hand, it's a wealthy banana republic with pretensions of democracy. On the other, it's an investor's 2-orgasm wet dream, if you know enough to recognize that Brazil has the Portuguese disease. Assume people are worth shit, and resources can be bought for lives.The lower the class of the folks, the cheaper the resource cost. Everything else follows. That's why Indios are worth less than ethnic Portuguese... want a corollary? Track Vale Brazil Vs. Petrobras, then chart the ethnography of the staffing.
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