As usual, we do NOT see this one coming. We are not "hearing" it either due to all the noise-chatter from the financial media or the mainstream media who are "cheerleading" the success of Keynesian recovery [read: Mugabenomics socialist-style].
Our sovereign debt problems will play out like what happened in Argentina, Brazil, Chile, Indonesia, Peru & Thailand. [Well, you're probably tired of me gassing-on about Weimar and Zimbabwe by now, but we never learn from history do we?]
1. A broad BIG correction is coming in the next several months across the equity markets.
2. The Dow et al will then reinflate on the back of devalued currencies (the Dollar & Euro will be devalued).
- The Dollar is in a long-term decline, down more than 31% from 2001.
3. Natural resources [read: commodities like oil-copper-gold] will outperform equities.
I "HOPE" I'm wrong, but we are going to get a "CHANGE" and we will not like it.....
Tuesday, 22 June 2010
We don't "see" it coming.........from Rico
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