Tuesday, October 6, 2009

What's happening and what could happen

Bad and worse, I'm afraid. The first article (see yesterday's reference to the Independent in the Bloomberg blotter) reiterates sovereign government funds diversifying away from the weakening dollar, which is causing inflation domestically.


Expect denials from all sides, the it's becoming increasingly apparent the USDollar is doomed long-term.

And here is a dour prediction from a normally conservative Swiss banker. It's convincing, but let's hope he's dead wrong.


No comments:

Post a Comment