Dear CIGAs,
Tanzania is a country that is growing significantly.
Tanzania expects sovereign rating in 7-8 months Mon May 31, 2010 11:35am GMT By Martina Fuchs and Moira Sidoti
DUBAI (Reuters) – Tanzania plans to issue a debut Eurobond soon after it gets a sovereign rating in the next seven [...]

Dear LT,
It is kind of a lopsided cup but it puts 1650 or so in range very soon.
What are your thoughts on the formation?
Best, CIGA BT

Dear BT,
The price is right at $1650.
The time is on or before January 14th 2011 or as Armstrong says, June of 2011.
Regards, Jim
 
Jim Sinclair’s Commentary
A question [...]

Dear CIGAs,
We would all like to think the U.S. will not suffer the same problems as Greece.  I am talking about drastic spending cuts to just about everything.  Teachers, police pensions and social programs are all going to take big cuts whether the Greeks like it or not.  It is not just the Greeks in [...]

Jim Sinclair’s Commentary
Not exactly a bad idea except for the fact that the drachma would be blasted to oblivion.
This is a typical not-practical academic solution that would fail.
Greece urged to give up euro Robert Watts May 30, 2010
THE Greek government has been advised by British economists to [...]

Dear LT,
You know it’s bad when Wal-Mart has to drop prices to lure back shoppers!
This has your Formula written all over it.
Best, CIGA BT
Dear CIGA BT,
All downward spirals go to zero unless interventions take place at the cause point. The cause point is OTC derivatives for which nothing of merit has been [...]