"As we saw in the past crisis in Russia, Argentina, Thailand, and Brazil; equity markets eventually do return while the devalued currency never regained strength. The US case is no different. Further rebound by the equity market in nominal terms can be seen albeit with extreme volatility, and we will likely witness a 4-digit gold price in 2009 that will never look back. As the Chinese saying, crisis is spelled danger + opportunity. There is still time to diversify out of "dollars before the world recognizes the dollar’s permanent debasement and demotion of status." John Lee
The entire article.....note the chart illustrating the increase in U.S. liabilities..
http://www.financialsense.com/editorials/lee/2009/0602.html
No comments:
Post a Comment