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

To: mishedlo who wrote (21900)	1/21/2005 8:11:46 AM
From: yard_man	Read Replies (1) \| Respond to of 116555

GEe, do you think they'll buy that?? reuters.com

To: mishedlo who wrote (21900)	1/21/2005 9:24:45 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Tomorrow's Gold by Marc Faber Go get the book if you do not have it and read it. It is a mandatory read. It is NOT about gold but about economic cycles and no, it is NOT all doom and gloom like Pretcher either. It talks about where to put your money and when and how economic cycles drive things to extremes. I just finished reading it yesterday. Rein on the FOOL writes: Me, I am more in Heinz's camp. The fed (hikes or) keeps rates to high, the debt implosion starts and the fed is powerless to turn the tide even when rates are agressively cut and other "desparate" measures are taken. After a little while the government will try to take over from the consumer and really starts spending, enlarging the deficits to mind baffeling proportions. The USD in reaction to this falls to unimaginable debts, and US notes will eventually receive additional zero's. Gold and silver will shine and enjoy worldwide demand as a store of wealth. This is key: "After a little while the government will try to take over from the consumer and really starts spending, enlarging the deficits to mind baffeling proportions." That was the path of Japan, Rome after Nero, and a host of other countries including the USA today. It did not work in Rome, Japan, and it will not work here either. "It's NOT different this time." While I do not agree with everything in the book at this time, specifically about interest rates (at least for now), there will be a time after the debt bust, when there is only one way for rates to go (If the FED tries to react to the situation in the historic fashion). Just get the book and read it. Mish