The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: sea_biscuit who wrote (10431)	8/14/2008 11:31:16 PM
From: LTK007	Read Replies (1) of 71456

Nice succinct breakdown,that Again to Faber, Faber has contended we could have a brief brush with deflation, but the infaltionary trend would recommence. Metz(Openheimer fund),The Spear Report and Faber regards Crude Oil ALL believe in Peak Oil. TSR and Metz and Faber all contend energy is a BUY after this correction. i quote Metz that said ONLY a global recession can bring down crude and that will be ONLY temporary. Faber recently made an extreme statement(keep in mind Faber home is in Asia, has been for decades): his extreme statement was IF West thinks they can slow China's growth by working to block flow of Crude to China, Faber says think again, as he stated that if West does that China will take the oil BY FORCE. The Peak Oil battle is the MOST important argument taking place today, imHo. i have studied this the best i can and believe with conviction Peak Oil Theory is a fact. So in that fantasy room where anti-Peak Oil people and Pro-Peal Oil people are locked into in order to duke it out, i would be duking along with the pro-Peak Oil people:) Faber that has been since mid June been calling for a 6-month weakness in commodities but has stated he sees Crude Oil/energy to be the most upwardly explosice commodity to enter POST correction. Faber changes is mind, but thus far he has been holding with this scenario. Note that Soros states he was TOO EARLY in shorting bonds. Soros is mentioned in The Black Swan as one of rare investors that argues CONSTANTLY to prove his view of what will happen is WRONG. In his authorized biography he is quoted that ever day he reviews his positions to see if they can not stand up against arguments that indicate he is wrong he then reverses his position. This Taleb praises this. Max

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