Hi Snowshoe, I am back in HK. I will post my prepared response to retired's question on my USD exposure (large) tomorrow.
<<Jay is actively scheming at ways to get rich in a usd meltdown>>
In the meantime I would be interested in any other scheme where I can get less poor in a USD rise, against all the monetary and fiscal obligations, built up in the past, stretching into the future, in light of the now better known facts concerning the phooey nature of the New Economy.
As the USD came down, the media tried to make for a case where US export will benefit, especially going to Europe. Well, it turns out that Europe will suffer from a credit crunch, so we can scratch that plan.
The cataclysm is global in nature, no one will escape, all will suffer, either by lost income, busted nest eggs, foreclosed homes, inflation of service prices, deflation of manufacturing businesses, in all currencies, in sequence, in parallel, but in line.
Chugs, Jay |
