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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (13505)	10/15/2004 10:12:12 AM
From: Tommaso	Respond to of 116555

>>You jest surely?<< Spare me the archaic English. I did not say that the dollar was sound. I say that it is perceived as a safe place to park credit balances and the most convenient unit in which to settle accounts. Except for what I need to conduct my life and pay taxes, I am personally as distanced from the dollar as I can manage without engaging in currency speculation. I am also short bonds, using the Rydex Juno fund. I expect to see the Euro go to $2.00, gold at at least $600, oil at $100 a barrel, and other commodities much higher than they are now as well. I don't know what will happen to wages in the United States. I think they may lag inflation of commodities prices for a long time, meaning that for most people the standard of living will drop. There too much waste anyway and people are too fat.