Saturday, April 19, 2008

Bloomberg.com: Currencies

In real estate and the equities mkt their is a proven to be right adage
which is initially rarely believe until the pain is felt: "Never chase a
falling market."
And if we also apply this too the dollar people will experience less pain.
Another current truism seems to be as the dollar falls gold/silver
...and...oil will ascend.
Getting out of the burning house is more important than getting in on the
ground floor in a new market.

What is difficult for us to comprehend is the coming economic down turn is
not containable.. The Feds nor the world monetary system has yet to stop the
slide and they are trying by devaluing the reserve currency the dollar.
The hope being to float up and out with the excess fiat currency.
But the actual result is the dollar is very quickly becoming toast... and
without butter or jam.
http://www.bloomberg.com/apps/news?pid=20601083&sid=aB_M3SLY_cKQ&refer=currency
Are the U.S. super wealthy also loosing? Some are loosing big time..But for
them they have the reserves to return by their initial inaction.


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