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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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 Posted: Fri Jan 16, 2009 1:30 am Post subject: |
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I am not so sure on gold (50-50). If there is deflation which is very possible (like Japan had in the early 90's) gold is worthless.
Panic and inflation gold is where to be. We have panic.
What I do know is that Americans are going to be saving again.
http://online.wsj.com/article/SB123120525879656021.html |
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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
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| Posted: Fri Jan 16, 2009 8:42 am Post subject: |
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| No_hite_pls wrote: |
| I am not so sure on gold (50-50). If there is deflation which is very possible (like Japan had in the early 90's) gold is worthless. |
I actually like gold in deflation. The past six months is a good example. Even though gold has declined by around 15% in US dollars since last summer, it can still buy more gasoline, more house, more car, more made in China garbage, more Citibank stock, more copper, more barbershop massages, and so on. Gold does buy less King Cobra now, though.
Silver and copper really do suck in deflation.
As more and more people rush into the door to buy gold, it makes it look less and less attractive as an investment. At the same time, everyone should own at least a little bit.
If I wasn't afraid of "paper" investments, I would be buying oil as a long-term investment. It seems very low now, especially if the peak oil theorists are right. |
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RJjr
Joined: 17 Aug 2006
Location: Turning on a Lamp
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| Posted: Sat Jan 17, 2009 8:06 am Post subject: |
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California controller to suspend tax refunds, welfare checks, student grants
John Chiang announces that his office will suspend $3.7 billion in payments owed to Californians starting Feb. 1, because with no budget in place the state lacks sufficient cash to pay its bills.
http://www.latimes.com/news/local/la-me-budget17-2009jan17,0,4472460.story |
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mises
Joined: 05 Nov 2007
Location: retired
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Wed Feb 04, 2009 12:57 pm Post subject: |
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http://www.bloomberg.com/apps/news?pid=20601080&sid=aIetHrA0Lm98&refer=asia
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Feb. 4 (Bloomberg) -- Taiwan and Singapore may see their economies shrink by a tenth this year as Asia�s export-dependent nations trade less with each other, according to CLSA Asia- Pacific Markets.
Taiwan�s gross domestic product will probably decline 11 percent and Singapore�s economy will contract 10 percent, according to a CLSA report published today. South Korea�s GDP will drop about 7 percent, the report said. |
I consider these forecasts to be too rosy. |
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