Brilliant piece
gregor.us
I think that if the Nikkei goes anywhere near 40,000 from here the USD will lose half its value or more from here. IF that is the case I wouldn't risk my money in stocks overseas but rather would, if I were living in the USA, buy gold and silver now because they would double or triple from here and that, in my mind, is a safer way to get the same return. No?
"What baffles me about the US Treasury bond bulls is that they think the private economy
and the private banking system of the US can collapse, but that the system of public government
will be fine and should be bought. "
You got that right. Guess these folks don't see the rising unrest and riots all over the world now, Greece, Iceland, Russia, France, Germany...sorry if I missed anyone ;-)
"Firstly, although Americans have just started to save again, as a country
we still have little to no net savings. And how much saving can we do as a group with
unemployment rising? So, there are no savings as yet backing the USD
Precisely the reason there will not be a Dow 10,000 anytime soon. Corporations can't increase earnings in this environment. Who's buying stuff these days? Restaurants are going broke too. |
