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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (93013)3/11/2004 12:50:56 AM
From: Perspective  Read Replies (3) of 209892
 
The ugly truth that *nobody* wants to face (me included) is that there is the distinct possibility that we are entering a period where there is NO - and I mean not a one - no financial asset class that will yield a positive return on a purchasing power basis. Not stocks, not bonds, not real estate, none of the above. The best one may be able to do is, as you say, maintain purchasing power in the face of a dying fiat currency.

Say stocks fall 10% per year for ten years. So go short? Not if the currency declines 20% per year in purchasing power. Having it in dollars, you lose, period. If all the major currencies are devaluing together in a global bonfire of the currencies, there just isn't anywhere to hide.

BC
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