otbricki

Forget About a V-Shaped Recovery. Maybe a W. Or L. And What About $?

The dollar is still stronger than the currencies it is being compared to. I would expect the dollar to continue to go up as the dust from last week settles.

Gold is so sentiment driven that it is useless as a barometer of real value of a currency. It has no utilitarian value so it is not tied to economic values at all. The survivalists are right. If you really want to hedge buy something that has durable utility.

There is no way I'd buy something as useless as gold.

Powerful Strengths, Pathetic Weaknesses, and What Donald Coxe Recommends

People forget that the Great Depression was deflationary, not inflationary. If you look at all of the depressions prior to the Great Depression they all follow a deflationary pattern.

The scary thing right now is that with all of this deleveraging and the housing crash we are destroying money at a ferocious rate. This is part of what the dollar is going up. What the Fed is doing is not nearly enough to counter this trend.

We are on a knife edge right now. Step the one direction too far and it is hyperinflation. The other way and it a deflationary depression. The only plan that is safe is to diversify.