Central to the argument that my investment thesis is wrong is the belief that the crisis is over or that the recent trends will continue until it is. But the crisis is just beginning and the movements thus far in the dollar, commodities, and foreign stocks, are mere head fakes. Once the speculators have been flushed from the markets, the underlying long-term trends I have been following should return in earnest. FULL ARTICLE
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5 comments ↓
Anyone honestly thinking that the value of the dollar is solid, should really just go ahead and invest all their money in, say, t-bills. We’ll see how smart they are in a couple years.
Good point, Allen. We’ll just have to wait and see. Personally, I think it’s obvious that the dollar and the entire US economy is in big, big trouble. What’s going to save it according to Obama and Congress? Well, more spending and debt of course!
Nonsense.
I read a story over the weekend where Obama was bracing us all for the rough economic times ahead of us. He told us all that we should be ready for a few more months of economic pain.
Few more months? Maybe he should try that one again.
I liked the article, and can see where he has come from on this. As for the President trying to pull a “Bush” attack on us, by using fear mongering tactics to get what He wants and not what America actually needs in some form of fiscal relief. I have submitted to the CNN Lou Dobbs tonite show this article and hope fully they can get Him, the Author to appear and give his thoughts on what it will take for America get it’s fiscal act together…
That’s really a good recommendation, Steve. Schiff makes appearances all over cable news networks on a very regular basis. I’d be surprised if Dobbs wouldn’t have him on at some point and time. At the very least, to get a different perspective than what the talking heads usually give.
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