Not exact matches
whenever the speculative net
position has reached an
extreme over the past 20 years, the market soon
went into the opposite direction, sometimes quite forcefully.
While geopolitical and economic factors are pushing the price of gold higher, the
extreme dislocation between the western Central Bank short
position in gold via several different forms of paper gold and the amount of available physical gold to deliver into buyers» hands is
going to move gold in a way that will shock and awe everyone except maybe the hardiest gold «bugs.»
Pius XII's address to which I referred (distributed in English translation on December 15, 1953) did not
go further than the traditional
position allows, but the timing of it suggests that he was in fact rebuking the
extreme position advanced by Cardinal Ottaviani.
This is because stretching helps you build a tolerance to the signals that would normally keep you from
going into an
extreme position.
The bottom line: If you want
extreme mass, you got ta
go for semistretched - and stretched -
position overload every time you hit the gym.
This is
going to be a nuanced debate because Rick and I, like most Americans, don't come at this with
extreme positions.
But Spencer
went, in these matters, to an
extreme position far beyond the views of most economic - liberal economists, and his outlook must not be confused with theirs.
My view is that it is best to maintain a moderate
position in stocks at times of high valuation and that it is also best not to
go too
extreme on the high side in one's stock allocation at times of low valuation (because in the short - term stocks may drop sharply even from a starting point at which valuations are low).
Let's leave it at that, since I am not
going to change
position on this because I am correct — and in your heart of hearts, you know I am correct — to argue for
extreme caution about early records.
I googled to check if that was actually a phrase people use, interestingly the first link to use the term also mentioned Buzz Aldrin and Harrison Schmidt (who both
went to the moon) signed the letter saying «We feel that NASA's advocacy of an
extreme position, prior to a thorough study of the possible overwhelming impact of natural climate drivers is inappropriate».
At the two
extreme ends of the spectrum, we have to equally unsatisfying
positions (IMO): (1) that a study that
goes against convention has a higher standard and, (2) that a study is valuable because no one has proven it wrong.
Also, while military resumes tend to
go into
extreme detail about specific pieces of equipment you're trained on, a civilian responsible for hiring candidates for non-military
positions is not
going to know what most of the equipment is.