Ellen

Dollar Rally Could be Short Lived

Chris,
I was hoping for more from you....
I was reading a Morgan Stanley report last night and they say they underestimated a number of global factors and are not even more bullish on the dollar.
As Fiat currencies go, maybe the stronger US Dollar is the correct play.
Longer term, I'd think more about adding to gold (physical not certificated) positions.
I was listening to Mort Zuckerman's Council on Foreign Relations panel with Nouriel Roubini et al. and even though deflation is the force right now, if this crisis is handled by monetization, as it looks as if it is right now at least, the inflation down the road is going to be awful.
Roubini thinks this won't happen and I put a lot of store in what he says, but I don't see how it's avoidable.
Ellen

How to Construct a Deflation Proof Portfolio

Hi Simit,

Thanks for your informative, well-reasoned postings.

What about adding a percentage of precious metals to this portfolio (owned in allocated or physical ownership, not certificated)?

Thanks, Ellen

Dollar Rally Could be Short Lived

I was listening to several of the Bloomberg on the Economy with Tom Keane podcasts today (they're excellent) and more than on economist said that the debt has been passed from private to public hands, but it will not be inflationary longterm because it's a shift, more than an increase.
The $64,000 question these days seems to be whether deflation or stagflation relative to the dollar and gold. The economists and smartest minds seem to disagree. Who is right!?!