The rumors of the USD's collapse, like those of my death, have been highly exaggerated. vbg.
Those who, like me, believed the USD would collapse in the near to mid-term did not anticipate the extent of the global decline nor the extent of the flight to safety it caused.
From a fundamental standpoint, however, the conditions for the collapse of the USD or a very substantial decline in its value are still there.
I do not presently hold any forex.
I own microtranches of a couple of seriously beat up (no longer) large cap financials, big wads of Treasuries, a micro tranche of DXO, a bit of PWE yielding about 12%, gold. Treasuries, cash and gold make up the bulk of my stuff.
I am waiting in the bushes ready to pounce on exceptional good stuff once it is safe to go outside. Taking a hand-rubbing, salivatin' look at GE in single digits, a few others. There's lots of time and grief and doom to go. No rush here.
Shoot, I'm even looking at Ford. At the present price, what's there to lose? Upside could be tremendous. |
