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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (6871)	5/4/2008 5:36:30 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 71477

I dumped the DBA fund Ag fund on March 5 when MoneyPenny posted this from SeekingAlpha which made it pretty clear DBA and similar funds had created their own bubble. Message 24370391 This turned out to be a good call - lucky for me. But I did this to avoid giving back profits, not so someone could recommend my post. Inflation is a good theory with the Fed extending as much credit as they are. But this may not be sufficiently offsetting the credit lost through falling asset prices, or a reduced inclination to spend or invest. Declining asset prices are the scale and they tell me credit deflation is winning at the moment. Things might be different in another week. Economic reality is generated as much by collective human emotions as by policy. I think theories are only useful to the degree they have predictive power. Turning a theory into a loyalty cult is pretty much a dead-end. At least that's the way I see it, your mileage may vary. I've always found the taxes I pay on short-term gains pale against the losses I have avoided by trying to hold onto an investment turning against me, in the hope of making it a long-term gain for a slight tax advantage. .