Welcome to 2005
Welcome to 2005, the year of world economic implosion...hurrah! Let us start the year with an article on:
Warren Buffet - Dollar Bear
http://www.forbes.com/home/free_forbes/2005/0110/036.html
Follow the link to the Forbes' article on Warren Buffet's views about the US Dollar.
"Sooner or later markets win over the intervenors. The intervenors always run out of gas," says Buffett.
Warren Buffet - Dollar Bear
http://www.forbes.com/home/free_forbes/2005/0110/036.html
Follow the link to the Forbes' article on Warren Buffet's views about the US Dollar.
"Sooner or later markets win over the intervenors. The intervenors always run out of gas," says Buffett.
posted by Peter at 10:31 am
2 Comments:
ARTWORK AND NUCLEAR FUEL
Yesterday the US reported an astounding trade deficit of USD 60.3 billion for the month!
There was a fantastic quote in today's Australian Financial Review (14/1/2004).
"We have the Grand Canyon of trade deficits and there is no saying it will not widen further. Actually, deficit is really a misnomer. Chasm, canyon, gorge, black hole, infinitely deep well all fit the description better. On the export side, we sold less of just about everything but artwork and nuclear fuel."
Joel L. Naroff
Naroff Economic Advisors
The "D" Word
http://www.theaustralian.news.com.au/common/story_page/0,5744,12364202%255E601,00.html
The financial crash feared by Dr Henry would involve a sharp fall in the US dollar and a bond market sell-off, which would push up US and world interest rates.
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