Saturday, May 5, 2007
We’re Doomed
Moneyweek special report 1
Interest rates are clawing upwards... consumer spending is slowing... global markets are sliding at the threat of inflation... Dubai, down 58%... FTSE, down 10%... Germany, down 17% Oil prices have hit a record high of $70... Gas and electricity bills are soaring... The dollar is in a seemingly unstoppable nosedive... while property and debt levels on both sides of the Atlantic are at bursting point...
Posted by frank f @ 08:24 PM (1594 views)
One thought on “We’re Doomed”
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sold 2 rent 1 says:
Agree with many points.
These guys think it will be an inflationary secular bear like the 1970’s.
I am still for a deflationary secular bear like the 1930’s.
The difference:
Buy gold.
Don’t buy commodities.
Oil is on its own journey and could go either way. If it goes up it will be due to wars and not demand