Thursday, Jan 25, 2007
Global financial imbalance is set
Telegraph website: Global financial imbalance is set
Why we are set for a massive correction in all asset classes
Posted by the capitlalist @ 10:13 AM (209 views) Add Comment
3 Comments
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1. bidin'matime said...
“However, Jacob Frenkel, vice-chairman of AIG international, said the "perma-bears" had been silenced last year, and much the same would happen in 2007. "The dire predictions haven't come to pass. The dollar hasn't collapsed; the yen hasn't appreciated dramatically; oil has not reached $100. We see a lot of ugly bears growing horns and becoming bulls," he said.
That last bit is the punchline - “We see a lot of ugly bears growing horns and becoming bulls…"
After a prolonged downturn, bears becoming bulls is a good sign, but after a prolonged upswing, it can only mean one thing – a bubble.
2. sold 2 rent 1 said...
Bidin - I agree
Gold hit a 5-1/2-month high this lunchtime
Things are looking very good for gold and silver now.
No portfolio should be without some.
The markets are fleeing the dollar.
Both China and the US are planning to stockpile massive amounts of oil.
Why is this? Because they are both expecting shortages (supply disruptions and demand growth) and prices to rocket over the next few years.
Inflation is on its way
3. tyrellcorporation said...
The US is stockpiling oil like mad because they know what the Isrealis have planned for Natanz and what Iran will do as a response - cut off 1/4 of the World's oil going through the Straights of Hormuz.