Obama releases some of America's strategic oil reserve. Obama thinks the tide has tuned in Afghanistan. Yawn! Another day dawns that's chock full of sovereign risk. Read my lips: There's no such thing as a safe haven. The biggest risk is when Investor Sentiment rules. Hence we own no US and Euro-linked shares. All our property and share assets are in OZ. It's not a safe haven. It's the Devil we know. We keep a bank redraw on Hot Stand-By. For days when Investor Sentiment rules. So we can dollar-cost-average down. On shares like CMW to up the yield. I'm sentimental about Australia. Hence I wrote a poem about it. It's called "New South Tibet":
I love a sunburnt quarry, Set in southern seas. A vast enormous quarry, For China and the Japanese. We are fiercely independent, It fills our hearts with pride. As we guzzle Coca-Cola, And eat Kentucky Fried. As for asylum seekers, Intolerance is our guide. Refugees are needy and The "Fair Go" has died.
