---
title: "Asset Allocation"
url: https://independentstockanalysis.com/asset-allocation/
description: "The Rise and Eventual Fall of the U. S. Bond Market by Ambassador Capital . Growth in a Low Growth World and asset allocation at Grantham’s GMO . I…"
published: 2013-02-11
updated: 2013-02-11
---

# Asset Allocation

Published 2013-02-11

Posted on

by

J.J. Butler

The Rise and Eventual Fall of the U. S. Bond Market by [Ambassador Capital](http://ambassador-capital.com/Rising%20Yield%20Analysis%20(White%20paper).pdf).

Growth in a Low Growth World and asset allocation at [Grantham’s GMO](http://www.scribd.com/doc/124339054/Grantham-Investing-in-a-Low-Growth-World). I suggest printing it to read it.

Correction? Watch the Cyclicals! say [Mr. Hui](http://humblestudentofthemarkets.blogspot.com/2013/02/correction-watch-cyclicals.html). Market Rhythm at [Stock Traders Almanac](http://blog.stocktradersalmanac.com/post/Like-It-or-Not-There-is-a-Rhythm-SPX-SPY).

Criticism of ‘quantitative easing’ intensifies ahead of G20 meeting ([Mining](http://www.mining.com/criticism-of-quantitative-easing-intensifies-38514/?utm_source=digest-en-mining-130210&utm_medium=email&utm_campaign=digest)). Should the critical choir gain control of the music, markets would crack. But I don’t expect it anytime soon.

For example, in All in Well!!! by vocal bear [The Burning Platform](http://www.theburningplatform.com/?p=48126)provides a fantastic bear case. Perhaps their timing is off…

China to close 5,000 coal mines this year ([Mining](http://www.mining.com/china-to-close-5000-coal-mines-this-year-77539/?utm_source=digest-en-mining-130210&utm_medium=email&utm_campaign=digest)). Thus, China is going coal crazy: imports jump 56% ([Mining](http://www.mining.com/china-is-going-coal-crazy-imports-jump-56-75637/?utm_source=digest-en-mining-130208&utm_medium=email&utm_campaign=digest)).

Those who have been told that oil production is booming may be wondering why the prices of oil and gasoline are climbing again….about a quarter of the 2 mb/d supply increase reported by the EIA over the last two years came in the form of natural gas liquids.” [Econbrowser](http://www.econbrowser.com/archives/2013/02/dude_wheres_my.html)

Well, yes, from a friend: “Between 2005 & 2011, crude oil, shale oil, oil sands and NGL’s production (ie liquids excluding biofuel) rose just 2.7% in energy terms despite annual capital spending doubling.”

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| The Truth on Gold Stocks vs. Gold at [Daily Gold](http://thedailygold.com/the-truth-on-gold-stocks-vs-gold/). |