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

To: Tommaso who wrote (16341)	1/15/2009 3:13:17 PM
From: Box-By-The-Riviera™	Respond to of 71475

me <g>

To: Tommaso who wrote (16341)	1/15/2009 5:27:13 PM
From: Real Man	Read Replies (1) \| Respond to of 71475

Todd Harrison, CEO of Minyanville, who timed the crash of 2008 and deflation well. The question is not if but when. <g>

To: Tommaso who wrote (16341)	1/15/2009 5:27:18 PM
From: Slumdog	Read Replies (2) \| Respond to of 71475

LONDON (Reuters) - Societe Generale said on Thursday that the United States' economy looks likely to enter a depression and China's could implode. In a highly bearish note, veteran cross asset strategist Albert Edwards said investors should now cut equity exposure after a turn-of-the-year rally and prepare for a rout. He predicted that the S&P 500 index of U.S. stocks could be set for a fall of around 40 percent from recent levels. Edwards also raised the danger of a global trade war with China. "While economic data in developed economies increasingly reflects depression rather than a deep recession, the real surprise in 2009 may lie elsewhere," Edwards wrote. "It is becoming clear that the Chinese economy is imploding and this raises the possibility of regime change. To prevent this, the authorities would likely devalue the yuan. A subsequent trade war could see a re-run of the Great Depression." Edwards has long been one of the most bearish analysts in London, first with Dresdner Kleinwort and then with SocGen. But he called in October for clients to increase their exposure to equities, which he said were due a rebound. "We believe that the market is (now) set to quickly slide sharply toward our 500 target for the S&P," he said. The S&P 500 .SPX stock index is currently at 842, up about 14 percent since hitting a low in November.