OT: Don Coxe retires his "Basic Points" publication:
After more than 20 years Don Coxe has put his publication “Basic Points”
to rest, publishing the last issue just before Christmas. This monthly publication
was to many of us “mustreading” as the 50-60 page publication on the markets had such a sense of history and details or ideas that panned the globe of thought—
everything from sun spot theories to what next for the plight of bees.
But his specialty was the natural resource sector which has been whacked of late and the charts on two of Coxe’s funds shows that he hasn’t had a lot of joy lately either. But his last issue suggests there is still hope...particularly for the gold bugs. If his crystal ball is correct, his latest issue entitled ‘The Final Problem’ he looks at the current world. One where the Asian economies are still booming, Europe is
stagnant and North America struggles and Coxe’s commentary is always enlightening and interesting...and comical!?
On the developing demographic problems such as in Japan where the population growth is shrinking rapidly and has too many grey hairs he writes, “A decade ago, we noted that Japan had more morticians than obstetricians, as deaths overtook births. The latest statistic is that sales of adult diapers there now exceed sales of babies' diapers. Canada will be in that fix within a few decades, and only the Latinos are
keeping the US from a similar profile—although second generation Latinos' birth rates are plummeting.” Cute.
Coxe is not a fan of Obama (but then neither are we) and he writes, “The President has "bargained" by doing what he enjoys most—flying out in his wondrous—and extremely costly—plane to speak to adoring audiences. He still wants to believe that he can singlehandedly solve all the nation's problems by talking to friendly crowds for TV clips. His only announced sizable budget cut in the Fiscal Cliff negotiations is to slash $1 trillion from future costs of fighting two wars. Conservatives compare this to cutting to building a ski resort on Mars.
Focus Focus Focus Focus !!!!
AI
