Hi Joel, Well, in any case, USD is not going to rise, given that it has not risen despite all the problems more visible all around us. I think gold will rise relative to goods, services and fiat markers, and I believe gold is effectively still purchasable at cost.
I think creditor Japan holds the key to whether or not we have global depression (yes, there, I am now using that D word, and we will no doubt be haggling over the precise definition of the word shortly); and debtor/consumer America holds the key to "how deep, for how long".
On count of three, the keys may be turned to full-on position, and we will be learning New-age Economics up close, on a Washington Intern work-study program.
Get your cute outfit ready, and do not bother to mend those clumsy obstructive buttons.
Chugs, Jay |
