Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
What I find incomprehensible is that after a first-rate dissection of the problem, Faber goes on to advocate buying $ US liabilities..................

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Wed Jun 20th, 2007 at 10:46:10 AM EST
[ Parent ]
that he makes money out of relative values, not absolute ones...

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Jun 20th, 2007 at 05:19:43 PM EST
[ Parent ]
That I know, but if dollars keep on being created ad infinitum, how can they fail to depreciate relative to assets, commodities, and particularly, energy?

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Wed Jun 20th, 2007 at 07:29:23 PM EST
[ Parent ]

Display:

Top Diaries

Occasional Series