Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: maceng2 who wrote (21353)	1/14/2005 7:53:55 AM
From: mishedlo	Read Replies (2) of 116555

Rien on the FOOL writes on "investing" The whole world is awash with investing. There is just too much of this going on. And each and everyone is asking themself the same question: "where should I invest next". It is investing madness on a truely gigantic scale. Thus I expect that the final US export product will be a bubble in all non-US investment alternatives. Once the USD looses its reserve status, investors will flee the US and go into non-USD denominated investments. Pushing these up to bubble values (and some of these already are at bubble levels!). These bubbles will all deflate as well. I do not know how the numerical values of the different currencies will develop, that is a though call as currencies are imaginary. But I do know (expect!) that the real buying power of your money (and your assets) will go down. Totally irrespective of which currency and asset you are in. As R. Russel say: He who looses the least, wins. Because you can improve yourself in a relative way, even in a crisis like the one I see coming. The best way to face this is getting out of debt. Any debt. The next thing is to lower your cost of living in any way you can. And you may want to get out of densly populated area's. Note: I am not a doomsdag promoter. Even in the crash after '29 most of the people still had jobs. Live did go on. And this time, I don't think things will get as bad as they did back then. But financially, people (in aggregate) will be crushed. There will be a huge readjustment of money-value against work-value. The best way to save your nest egg, is to concentrate on essentials. Even though these will go down in (buying power) value, they are the best bet you can make. Energy, water, food etc. And maybe even some gold. Gold has survived all crises of the past 5000 years. That is one impressive record. Not a guarantee that it will survive the next one though. Best, Rien.

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