Thursday, Dec 13, 2007
Schultz sees an apocalypse now
marketwatch: Schultz sees an apocalypse now
Harry Schultz advices go defensive. Risk of recession or even depression is great, dollar will sink more, many banks and lenders will collapse, so gold, Swiss Franks are the best.
"A financial tsunami is upon us," he says...
Posted by assurbanipal @ 01:01 PM (340 views) Add Comment
2 Comments
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1. happyrenterz said...
Great article thanks assurbanipal. Schultz recommends gold and a US fertilizer producer. I think US agriculture is definitely worth looking into as investment. Diving dollar and price inflation of crops means farming is hugely profitable.
2. Urbanbear said...
I suggest people also get and read the book "Conquer The Crash" by Robert R Prechter Jr., then you will know just how bad it could get (1930's like Deflationary Depression, or worse!) and will know how to manage e.g. it maybe pointless to even attempt to trade (e.g. by fax) once a trading panic hits, better to get out early.