Hi Joel, I think, scarily again, that in the event of USD devaluation, and the deliberate synchronous Yen, Euro, Yuan, Baht, Peso, ... devaluation, the outcome would be truly New Ec, as in global deflation for manufactured goods due to the emergence of China as a manufacture base for all things electronic, Japan and Korea for all things on wheels, and India for all things software (these countries were not in play in 1929), and global inflation for all things petroleum and gold, due to lack of faith in the global currency USD (this USD was also not so dominant in 1929). Real estate etc and all assets that earn a declining return due to deflation will deflate as well. This would be a yet again unprecedented phenomenon, born of New Ec.
Why not?
I am afraid.
Chugs, Jay |
