2008-12-14

A Dollar Crash is coming

With a deep economic contraction reducing demand and with Wall Street in tatters, where in the US should you invest?

Buy Yen, Euro and Gold. Now.
at

7 comments:

  1. M.G. 5:49 am, December 15, 2008

    Ok, everything but Dollars. Chinese will come along

    ReplyDelete
  2. Anonymous7:04 am, December 16, 2008

    What do you think of this?

    http://money.cnn.com/2008/12/12/news/economy/karydakis_deficit.fortune/index.htm?postversion=2008121208

    ReplyDelete
  3. Neil Cameron (One Salient Oversight)8:10 am, December 16, 2008

    JD,

    Just read it. It makes the assumption that the US dollar won't tank. There's a "closed economy" mentality amongst pro-stimulus people at the moment.

    ReplyDelete
  4. Reuben Kincaid11:07 am, December 16, 2008

    Is this good?

    I mean if the USD goes down against the AUD and the price per barrel of oil remains low, then petrol prices here should drop.

    Bring it on!!

    ReplyDelete
  5. christiangustafson4:16 pm, December 16, 2008

    Timeline, sir?

    Tomorrow? Next week?

    Let's look at the DX over a year.

    http://quotes.ino.com/chart/?s=NYBOT_DX&v=d12

    I don't see much support at 82. If $USD is going down, I just wonder how much of a bounce we'll have at 76.

    And whether or not 72 holds this time.

    ReplyDelete
  6. Neil Cameron (One Salient Oversight)4:31 pm, December 16, 2008

    Reuben,

    The net result for Australia will be bad.

    Japanese and Chinese exports to the US will dry up, and so will our commodity exports to Japan and China.

    ReplyDelete
  7. Neil Cameron (One Salient Oversight)4:32 pm, December 16, 2008

    Son of Gustaf,

    Within 6 months.

    ReplyDelete