skysleuth

The Party Is Over: The Crisis We Borrowed & Spent Our Way Into

Peter,

I read Crash Proof back in December and thoroughly enjoyed it. I promptly put your advice to work and got my investments out of the dollar into non-denominated assets such as foreign funds, commodities and gold. Well needless to say my investments were hammered. I would have been better off selling all my stocks and putting it all in cash in the dollar! The only argument in your book that I had trouble swallowing was that emerging markets were going to be able de-couple from the US. I think it is well proven that at this point the de-coupling theory is dead. Foreign stocks are failing worse than US stocks. The dollar is surging at the expense of most other currencies except the Yen. It's not that I disagree with your premise because your arguments are logical and make sense, they just haven't materialized. All countries are making a coordinated effort to print more money to unfreeze the credit markets, not just the US. I have no idea how this will end up for the US and the dollar. Maybe in the end you will be proven correct.