Keiser: US Dollar 'Backed by Bananas' [View article]
Guy, he's exactly right. That's the only way you can get the "value" of the real estate in nominal dollars up, to cover these losses. You do that by issuing more debt and dollars. That will, imo, drive up interest rates on thelong end, b/c investors will need to be compensated for the inflation cost. The correct portfolio positioning is:
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Guy, he's exactly right. That's the only way you can get the "value" of the real estate in nominal dollars up, to cover these losses. You do that by issuing more debt and dollars. That will, imo, drive up interest rates on thelong end, b/c investors will need to be compensated for the inflation cost. The correct portfolio positioning is:
Sep 22 13:49 pm
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All Comments by buyitcheap »Keiser: US Dollar 'Backed by Bananas' [View article]
Long GLD
Long TBT, PST
In a few years we'll be clipping coupons at 15%.